Yuchai: Creating the most competitive power supplier

60 years ago, “Yulin Quantang Industrial Co., Ltd.”, 60 years later “China's green power capital”, after 60 years of business development and accumulation, Yuchai has now become a modern international large-scale enterprise group, domestic product spectrum The most comprehensive manufacturing base for internal combustion engines and the most complete hydraulic excavator manufacturer in China. In the past 60 years, what has made Yuchai change from small to large and from weak to strong?

Mr. Zhong Yuwei, deputy general manager of Yuchai, repeatedly referred to the word “competitiveness” when he was interviewed by the editor-in-chief of China Truck Network. He said: "Each company is faced with the issue of how to enhance its core competitiveness. Yuchai's vision is to become the most competitive professional power supplier in the world." It is under this goal that Yuchai In the areas of products, talents, culture, and management, we have continuously developed and precipitated our efforts to enhance our competitiveness and completed the transformation from small to large and from weak to strong.

Yuchai Deputy General Manager Mr. Zhong Yuwei

Product Competitiveness: Leading Application

From the 6105Q diesel engine in 1980 to today's 22 major series of 7 platforms, to the Yuchai Euro 6 engine, the leading technology-based future product, Yuchai's products have been pursuing “leadership and application.” Vice President Zhong Yuwei believes that Sexual leadership is the biggest advantage Yuchai Engine has accumulated over the past 60 years."

Zhong Yuwei stated frankly that Yuchai has an obvious advantage in the medium-sized engine market, but there is still much room for development in the light and heavy engine market. Yuchai began to gradually adjust its product structure in 2005. While consolidating and expanding the market share of existing medium-sized products, we will increase investment in blank products, such as light-vehicle diesel engines and heavy-duty vehicle engines; and accelerate research and development of new energy power products, such as gas engines (CNG, LPG), Dual-fuel engines and hybrids, etc., and occupy the technical commanding height represented by energy saving and environmental protection.

In recent years, Yuchai’s R&D of new products has increased at a rate of 20%. In 2010, 171 new product developments were completed and sales of new products accounted for more than 60%. On the occasion of the 60th anniversary of Yuchai, the 4.6 millionth engine and the 30,000th clean energy YC6LN-50 engine were rolled out. This is another milestone in the history of Yuchai's engine products, marking Yuchai’s “green” "Development" took another new step.

Talent competitiveness: science and technology Yuchai

“From managers to technicians to grassroots technicians, different levels of talent are important factors that support Yuchai’s continued development.” Zhong Yuwei said. Talent is the primary productive force. This sentence is regarded by all companies as the most simple action plan in Yuchai and is deeply rooted in the hearts of each leader and manager.

Zhong recalled 1992. At that time, Yuchai gave experts with outstanding contributions a salary of 100,000 a year, a house and a Santana. “Which unit has such a sense of deterrence at that time?” Zhong always expressed his pride, and Yuchai later rewarded the contributing employees with various methods such as negotiating wages, agreement purchases, annuities, and scientific and technological progress awards.

Since 2000, scientific research investment has always accounted for more than 3% of Yuchai Group's annual sales, which has effectively promoted the rapid and healthy development of the company. At present, Yuchai has built a top R&D team in the internal combustion engine industry. The Yuchai Engineering Research Institute established in 2007 has become the core department of Yuchai's innovative R&D system, and its R&D and innovation capabilities are among the leading domestic companies. A major breakthrough has been made in the research of diesel engine development frontier technologies, and the industrial technology guiding role has been fully utilized. It is rich in commercial, passenger, high-power, non-road engine engines, gas engine development, hybrid power system development, marine electric engine, complete vehicle design, emission (including post-processing) electronic control calibration development, engine testing, etc. The practical experience has always led the industry in terms of product development and technological innovation. New products developed independently have filled the gaps in domestic automobile engines in various fields and contributed to the development of the industry.

Cultural Competitiveness: Development and Inclusion

When asked by reporters, from a small factory to a large group today, during the 60 years of development, what was the main driving force for supporting Yuchai’s take-off was when Zhong first mentioned the entrepreneurship of Yuchai people and Culture: Innovative, inclusive and able to provide employees with a platform for their career. Jiazi Yuchai, self-improvement. Yuchai people's spirit of continuous self-improvement passed down from generation to generation, gradually forming Yuchai's unique corporate culture.

Yuchai’s corporate culture is always moving forward. From the core concept of “people-oriented, contending for the first, and the starting point” that originally focused on self-development, to the “green development and harmony that pays more attention to social responsibility and win-win development” put forward in 2006. The "win-win" core philosophy has enabled Yuchai to comply with the requirements of economic development in the new era and has successfully achieved innovation in its core concepts. In 2008, Yuchai put forward the business philosophy of “Excellent Quality, International Yuchai”. We must improve the core competitiveness of the company with excellent team quality, excellent cultural quality, excellent product quality and excellent service quality. The "China Created" high quality quickly explores the international market, accelerates the process of internationalization, and realizes the dream of a large multinational corporation as soon as possible.

The 60-year history of Yuchai is the history of continuous development and growth of the company, and also the history of the growth and maturity of corporate culture. Not only has Yuchai achieved tremendous successes, it has created one miracle after another and forged an excellent corporate culture, which has enabled Yuchai to display an infinite vitality and vitality on the stage of China and even internationalization. Its core philosophy of "Green Development, Harmony and Win-Win" and the management philosophy of "Excellent Quality and International Yuchai" have become the banner of Yuchai's development and lead the company's continuous internationalization.

Management Competitiveness: Institutional Innovation

The establishment of a modern enterprise management system is particularly important for competitive state-owned enterprises. Since 2005, Yuchai has strengthened the innovation of modern enterprise system management. Specifically, it includes: establishing a new concept of "green development, harmonious and win-win"; carrying out industrial restructuring; strengthening the target responsibility system; establishing a large group control model; building a talent introduction training system; and building a compensation platform. From the institutional perspective, Yuchai’s rapid development has been guaranteed.

Zhong Zhong introduced the Yuchai’s quality management system and quality strategy implementation to reporters of the China Truck Network: “Yuchai has been attaching great importance to product quality since the 1980s, including the Three Guarantees Service Mileage, which is ahead of its peers. Truly realizing the improvement of product quality, in line with international standards, Yuchai proposed a three-year quality strategy. In October 2011, Yuchai implemented lean production management, including cost management, quality management, and production efficiency management.”

Since 2005, under the guidance of the new concept of “Green Development, Harmony and Win-Win” and the business philosophy of “Excellent Quality and International Yuchai”, Yuchai has continuously strengthened its internal management foundation and strengthened the innovation of modern enterprise system management. Reform and innovation in labor, personnel, distribution, strategic management and other aspects.

The 60-year-old Yuchai has a history of thick and protracted struggle. It is a long-established culture. After 60 years of inheritance and development of Yuchai people, Yuchai's brand value has reached 9.869 billion yuan. "Yuchai Machinery" has become a representative of China's power, and the realization of the vision of building the most competitive professional power supplier is not far behind.

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Zowell 1.2ton full electric walkie stacker, is an economic and compact industrial device for loading and lifting pallets on a shelf at high level. As an ideal choice to operate in narrow space of warehouse, it can be widely used in petroleum, chemical, pharmaceutical, textile, pigment, coal and other industries, as well as ports, railways, freight yards, warehouses.

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