Great Wall Heavy Industry and Yuchai Strategic Cooperation Plan to Upgrade New Energy Construction Machinery Technology

November 24, 2023

November twenty third，Great Wall Heavy Industry Co., Ltd., Construction Machinery Sector of Great Wall Group、Commercial Vehicle Plate If Technology Co., Ltd. and Guangxi Yuchai Machinery Co., Ltd.（Short name：Yuchai, Guangxi）Signing of strategic cooperation agreement，The three parties will rely on their respective advantages.，Power system of new energy construction machinery and commercial Vehicle products、Carry out comprehensive cooperation in Vehicle development and application，Jointly promote the development of new energy industry，Boost our country“Double Carbon”Goal achieved。

Green empowerment

Focus on technological breakthroughs in new energy power systems

Based on the new situation of the country.“Double Carbon”Strategy，Construction machinery and commercial vehicle industry ushered in a major strategic opportunity for new energy transformation.。According to the agreement，Great Wall Heavy Industries、If science and technology and Guangxi Yuchai will focus on pure electric system、Hydrogen power system、Technological breakthroughs and product production in hybrid special power system, etc.，Jointly provide product solutions and services to users in the construction machinery and logistics industries。

In order to achieve complementary advantages，Common development。The three parties will play their respective advantages.，Establish a new energy power system technology co-creation system。On time、Market information on demand、Industry dynamics、In-depth exchanges on technological innovation and other aspects，And strengthen market expansion、Cooperation in ecological construction，Realize the information penetration from the user side to the R & D side，Direct continuous optimization of powertrain solutions，Innovation of new energy construction machinery and commercial vehicle products，Green and low-carbon development of enabling industries。

Strong alliance

Promote the technological upgrading of new energy construction machinery

Guangxi Yuchai is a professional provider of engine and power system solutions in China.，It is the main construction machinery in China、Agricultural Machinery、Marine machinery、Supporting power for commercial vehicles and other enterprises。Great Wall Heavy Industries relies on the forest ecology of Great Wall.，Working through hydrogen energy、Pure electric、Hybrid power and other new energy technologies and digital solutions，Promote energy reform and mode innovation of construction machinery industry。

At present，China's new energy construction machinery industry is still in the early stage of development.，Although the market continues to grow，But the overall share is still at a low point.。The cooperation between Great Wall Heavy Industries and Guangxi Yuchai，It will further stimulate the advantages of both sides.，Promote the technological upgrading of new energy construction machinery，Especially in the field of hybrid special power system.，Or will accelerate the replacement of traditional fuel engineering machinery。

With the deepening of cooperation between Great Wall Heavy Industries and Yuchai, Guangxi，Foreseeable，Co-creation through technology、Model co-creation，In the future, the two sides will rely on the pure electric system.、Hydrogen power system、Technological breakthroughs in hybrid special power system, etc.，Enabling Great Wall Construction Machinery Product Innovation，Provide low-carbon full-scene solutions for global customers and partners，Helping to drive the energy revolution，Building a Green and Beautiful Future Together。