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On December 28, 2013, Yuchai-Runtong New Energy-saving and Environment-friendly High-quality Small-scale Diesel Engine Project with a total investment of 3 billion yuan was established in Longxing Industrial Park, Liangjiang New Area.
The project is jointly invested by Guangxi Yuchai Group and Chongqing Runtong Holding Group Co., Ltd.. The first phase plans to produce 350,000 new-type diesel engines each year. The second phase will annually produce 100,000 new-type agricultural machines and 100,000 power generation equipments. About 100 billion yuan, mainly targeting high-end markets in Europe and America. The project will play a positive role in filling the gaps in the current non-road China middle-to-high end diesel power products and upgrading the manufacturing capacity of China's small-displacement high-end diesel engines.
Huang Qifan said that in 2013, Chongqing's industry maintained its momentum of healthy development, and industrial profit growth was among the highest in the country. As a traditional advantage and pillar industry of Chongqing, equipment manufacturing and the automobile industry are currently undergoing transformation and upgrading. As an important platform for Chongqing's inland opening, the Liangjiang New Area is also an important industrial cluster for equipment manufacturing and automobiles. In recent years, it has achieved considerable development. Yuchai Group is a leading enterprise in the domestic equipment industry. The Yuchai-Runtong new energy-saving and environmental protection high-quality small-scale diesel engine project settled in the Liangjiang New Area, which not only can further improve the high-end equipment industry chain in Liangjiang New District, but also promote the development of high-end equipment industry clusters in Liangjiang New District. It can also form a good match with the Chongqing automobile industry and has a broad development prospect.
Yu Ping, chairman of Guangxi Yuchai Machinery Co., Ltd., said that the company is optimistic about the advantages of Chongqing in equipment manufacturing, will be based in Chongqing, and Runtong together to create a global high-level small-displacement diesel engine power industry base.