On January 24, 2026, Yulin, Guangxi once again became the focus of global attention in the power industry. The Yuchai Group 2026 Global Partner Conference with the theme of "123, GO!" was held here, bringing together nearly 3000 partners across mountains and seas. This is not only an industry event, but also an important window for Yuchai to showcase its strategic ambition and technological strength to the world at the end of the 14th Five Year Plan and the beginning of the 15th Five Year Plan.

123, GO! Define the heading of "New Yuchai"

At the conference, Li Hanyang, Chairman of Yuchai Group, gave a keynote speech titled "Walking towards Light with Heart Companionship", systematically elaborating on the future direction of "New Yuchai". His proposed "1335" strategy and "123, GO!" action plan have drawn a clear roadmap for Yuchai to collaborate with global partners for development. 123, GO! "Stands for" One Heart, Two Engines, Three Races ": aiming to build a community of shared future with global partners that values symbiosis, capabilities advancement, and ecological win-win; Adhere to the dual wheel drive of "technological innovation" and "global strategy"; Simultaneously focusing on three major development tracks: consolidating traditional power, winning new energy, and exploring intelligent equipment. This strategy abandons vague slogans and closely integrates the concept of openness and win-win with specific development paths, demonstrating Yuchai's determination to transform from a product supplier to an industrial ecosystem builder.

Strategic leadership direction, technology driven growth. The most eye-catching technological breakthrough of this conference is the release of the world's first "Yuchai Flywheel Range Extension System (FRS)" technology brand. By integrating the mechanical and electrical rigidity of the flywheel with the engine crankshaft, the complex connection structure of traditional range extender systems is replaced, achieving minimalist design, ultra-high efficiency, and ultimate reliability. Zhong Yuwei, Deputy General Manager of Yuchai Corporation, pointed out that FRS marks Yuchai's strategic leap from "technological leadership" to "technological definition", and is the "ultimate efficiency solution" provided by Yuchai for global commercial vehicles and non road fields. Its full scenario coverage potential covers nine core areas such as trucks, buses, loaders, and mining vehicles.

At the same time, Yuchai has released 32 new power products covering five major fields: commercial vehicles, communication systems, ship power, low altitude power, and intelligent equipment, building a complete three-dimensional power matrix. From mature YCK series gas and diesel engines, to 250kW PEM electrolytic cell hydrogen production system, intelligent agricultural machinery 2.0, to the "Star Power Fuel saving Hero" AI system and high-end CNC machining center, Yuchai fully demonstrates its profound reserves in cutting-edge technology fields.

Deep cultivation, the path of advancing engineering machinery power

In Yuchai's vast business territory, the power of construction machinery (general machinery) has always been its traditional advantage and the focus of continuous attack. The new products and strategies released this time deeply reflect Yuchai's precise grasp of the development trend in the field of construction machinery.

At the market share level, Yuchai continues to solidify its leading position. For example, in the 5-ton loader market, the YCA08 engine has successfully replaced larger displacement competitors with efficient power due to its excellent fuel economy (measured fuel consumption is about 5% lower than the industry's 10 liter power).

At the high-end breakthrough level, Yuchai is committed to breaking the monopoly of foreign brands. The most representative achievement is that the YCK16 heavy-duty engine (with a displacement of 16 liters and a power of 775 horsepower) has been successfully matched with mainstream brands of mining vehicles such as Zoomlion, XCMG, Liugong, and Sany, and has been delivered in bulk to mining customers in North China, Xinjiang, and other regions. In addition, in the tracked excavator market dominated by imported power for a long time, Yuchai has achieved full range coverage through product combinations such as YCF30, YCA05, YCK16, and continuously seized market share through cooperation with manufacturers such as Zoomlion.

At the level of technological leadership, Yuchai is actively defining the future path. The FRS system released this time is naturally suitable for engineering machinery with complex working conditions due to its full scene coverage. Previously, its hybrid power system had been matched with loaders from brands such as Lingong and Yingxuan Heavy Industry, with significant advantages of energy saving and no mileage anxiety, which was well received by users and led the industry's technological trend.

Expanding towards the sea and deepening the globalization strategy

The 'Global Strategy', as one of the dual engines of Yuchai's development, was elaborated in depth at this conference. Yuchai's internationalization has already surpassed product trade and entered the stage of "ecological sea going" with localization operation as the core.

The ASEAN market is the most successful epitome of Yuchai's globalization strategy. In Vietnam, Yuchai is the largest overseas market with extremely high brand recognition. It ranks first in the sales of passenger car power market and has a market share of over 70% in the medium-sized cargo truck market. In Indonesia, Yuchai ranks first in the wide body mining truck power market share, with rapid growth in commercial vehicle power. These achievements are attributed to Yuchai's highly forward-looking localization strategy. For example, Yuchai has partnered with Vietnam FUTA Group to build a highly automated engine factory in Vietnam, producing a full range of diesel and natural gas engines with an annual production capacity plan of 40000 units. At the same time, Yuchai Machinery Power Systems (Thailand) Co., Ltd., the first overseas factory established by Yuchai in Thailand, officially opened. Through localized manufacturing, Yuchai has achieved a leap from "product export" to "technology, standards, and production capacity output", truly practicing deep binding and common growth with local partners.

Yuchai's overseas expansion relies closely on the strategy of "going global in groups". By deeply bundling domestic truck manufacturers such as Beiqi Foton, Dongfeng Liuqi, and Heavy Duty Truck Group, as well as bus manufacturers such as Yutong and Jinlong, a synergistic effect of "1+1>2" has been achieved. This model not only significantly reduces the risk of developing overseas markets, but also achieves the first market share in multiple important regional markets. In the Saudi bus power market, Yuchai's engine share for Chinese buses such as Yutong and Jinlong has exceeded 70%, firmly ranking first in the industry. In the public transportation market in Kazakhstan, Yuchai's supporting Foton and Yutong buses account for over 90% of the market share, almost monopolizing this segment. In the form of a combination of "Chinese vehicles+Chinese power", we compete head-on with established giants in the global market and have successfully achieved breakthroughs in multiple key regional markets, climbing to the top of market share.

With intelligent equipment listed as the third core track, Yuchai's globalization connotation will be further enriched. Chairman Li Hanyang has personally visited the ASEAN market to explore cooperation models in the field of intelligent equipment. In the future, Yuchai's exports overseas will not only include the surging "Yuchai core", but also a complete set of intelligent manufacturing solutions such as industrial robots and intelligent agricultural machinery, participating in global industrial upgrading in a broader dimension.

At the 2026 Global Partner Conference of Yuchai Group, we witnessed the strategic determination and ecological wisdom of a traditional manufacturing giant in the face of changing times. Yuchai's transformation path resonates with China's current national strategies of "developing new quality productive forces" and "promoting new industrialization". This demonstrates how a traditional manufacturing giant can reshape itself through "smart transformation and digital transformation": developing artificial intelligence platforms, deepening cooperation with technology companies, and making research and development, production, and supply chains fully intelligent. The industrial robots and high-end CNC centers incubated in its intelligent equipment track are productizing its own manufacturing experience and empowering a wider range of industrial fields.

123, GO! "- This horn is not only a gathering order, but also a charge signal. A more technologically confident, strategically clear, open and win-win 'new jade wood' is joining hands with global partners, heading at full speed towards the magnificent journey of the 15th Five Year Plan!Editor/Cheng Liting