Yuchai Launches Electric Commercial Vehicles Project on July 18

Yuchai Set up New Production Base to Produce Electric Commercial Vehicles

The PECV Project, a key project of secondary entrepreneurship in Guangxi’s machinery industry, is the first one implemented in Guangxi Advanced Equipment Manufacturing City (Yulin), as well as the first vehicle project of real significance in the industrial history of Yuchai and Yulin, playing a remarkable role in their industrial development.

"I announce that the Yuchai Pure Electric Commercial Vehicle Project and the Infrastructure & Entry Project of Guangxi Advanced Equipment Manufacturing City (Yulin) begin the construction.” Following the stirring words of Huang Haikun, Secretary of the CPC Yulin Municipal Committee, the PECV Project officially started the construction.

Qiu Dekui, Member of the Standing Committee of the CPC Yulin Municipal Committee and Executive Deputy Mayor of Yulin, delivered a speech at the ceremony. He said that Guangxi Advanced Equipment Manufacturing City (Yulin) is a place built to serve Yuchai by the CPC Committee and the People’s Government of the Guangxi Zhuang Autonomous Region, as well as the Yulin CPC Municipal Committee and People’s Government. It is not only a city of gathering for advanced manufacturing, but a city of hope for Yulin’s high-quality industrial development.

"With the support of the whole city, we will make all-out efforts to build Guangxi Advanced Equipment Manufacturing City (Yulin). Depending on the leading role of Yuchai, we aim to strengthen the development of internal combustion engines, develop new energy vehicles, promote the innovation in intelligent manufacturing, and cultivate the industrial base for military-civilian integration, to gradually form a financial and commercial service system.” Qiu Dekui hopes that Guangxi Advanced Equipment Manufacturing City (Yulin) can make persistent efforts to constantly intensify service awareness, speed up infrastructure construction, build a more complete platform for the coming of industries and enterprises, improve the attraction and carrying capacity for projects, and strive to achieve the goal of building an industrial base with hundreds of billions by 2022.

With a total investment of RMB 1.34 billion, the PECV Project is aimed at establishing diverse workshops on pressing, welding, painting, assembly, refitting, new energy parts, as well as experiment and trial-manufacture, and newly built various factory facilities including the office building, dining hall and joint station house, covering an overall floorage of 130,800 square meters. The project will also build a large comprehensive production base combined with pure electric commercial vehicles, component R&D, manufacturing, sales and services, and realize a production capacity of producing 50,000 pure electric commercial vehicles a year.

It is planned to complete the new factory’s civil engineering, technology, utility engineering design, as well as the procurement, installation and manufacturing of equipment and tooling within 18 months. The project will be put into production by the end of December 2019. After reaching design capacity, the project will achieve an annual sales revenue of RMB 7 billion, and increase various types of taxes and value added by RMB 530 million, as well as more than 1,500 jobs, to make positive contributions to the promotion of local economic development.

As early as March 2017, the People’s Government of Guangxi Zhuang Autonomous Region released the Implementation Plan of Secondary Entrepreneurship in Guangxi’s Machinery Industry, proposing to accelerate the development of “two enterprises and three cities” (including Yuchai Group and Liugong Group; three intelligent manufacturing cities-Nanning, Liuzhou and Yulin). Yuchai grasps the favorable opportunities of China and Guangxi vigorously developing new energy industries, to conscientiously implement measures in the Implementation Plan of Secondary Entrepreneurship in Guangxi’s Machinery Industry, optimize and adjust industrial distribution, and comprehensively implement and promote enterprise transformation and upgrading. 

Based on the existing R&D and vehicle platform of new energy, Yuchai integrates group resources, and takes advantage of R&D, talents and brand, to engage in core components of new energy vehicles upstream, expand product categories in midstream, and plan to establish PV power plants, quick-charging piles and switching stations downstream. It is also preparing the PECV Project, to gradually build Yuchai’s industrial chain of new energy vehicles.

Approved by Guangxi Zhuang Autonomous Region Development and Reform Commission, the PECV Project has completed the bidding in construction engineering design and investigation projects, as well as the design of construction drawings and technology. With basic construction conditions, it has won the license of land-use planning for the project construction.