On March 15^th, Jining Yuchai Engine Co., Ltd, co-invested by Yuchai Machinery Co., Ltd, Zhejiang Geely Group and Zhejiang Yinlun Machinery Co., Ltd, was officially opened. General Manager Tiansheng Li and Chief Engineer Jie Shen of Yuchai Machinery Co., Ltd director Shufu Lee and Vice president Xueliang Yu of Zhejiang Geely Group, Vice president Yinyue Yuan and deputy general manager Bangguo Chen of Yinlun Machinery Co., Ltd, leaders of Jining City government, and leaders of the high-tech district attended the opening ceremony. Vice president of Zhejiang Geely Holding Group Xueliang Yu introduced the project. Chairperson of Jining City CCP Committee as well as director of Yulin City Committee of Peoples Congress Shougang Sun, General Manager of Yuchai Machinery Co., Ltd Tiansheng Lee, and director of Zhejiang Geely Group Shufu Lee made speeches on the ceremony.

    Jining Yuchai Engine Company, engaging in the passenger car diesel engine business, is co-invested by three companies and controlled by Yuchai Machinery Co., Ltd. The registered capital is 150 million Yuan The investment contributions are 52% by Yuchai, 30% by Geely, and 18% by Yinlun. This project is to build production lines for manufacturing diesel engine block and cylinder cover based on 2-liter passenger-car diesel engine and National-5 emission standard. Once the project is completed, it will have the capability of producing 300,000 Europe-5 environment-protection diesel engines for passenger car annually.

    Shougang Sun, on behalf of Jining City Committee and city government, congratulated  the opening of the project. He asked each related department to fully support the project and provide services with their best. He required that the government departments should help solving problems for the smooth progress of this project; provide good environment for enterprise development; and create win-win situation.

    Tiansheng Lee said that Yuchai would do its best to the project and try to start production sooner. He also said that Yuchai aimed to build Jining Yuchai Engine Co., Ltd into the production base and the leading enterprise of diesel car engine in China ; create high-end brand; gain a triple-win; and make contribution to the fast and healthy development of the industry in Jining.

    Shufu Lee said that Jining had excellent investment environment and good foundation for the development of manufactory industry. It is a prospect to build automobile part production base here. He would work hard to speed up the pace of this project and try to make profit as soon as possible.

    Leaders of Jining City Committee, city government, related administrative department, three investment enterprises, and guests laid foundation soil for the project.

    Now the passenger car market is developing very fast in China . People pay more and more attention to safety, efficiency, and environment friendly when selecting cars. Developing the diesel passenger car is a promising business. As the first enterprise that had developed the diesel car engine in China , Yuchai invested in Jining Yuchai Engine project to industrialize the research achievement; expand living and development space; and fill in the blank of diesel car engine in China . Geely Group and Yinlun Machinery are major automobile enterprises in China have great influence in the domestic automobile market. The combination of three strong parties will make great success.

    Jining Yuchai Engine Co., Ltd is located in the Hi-tech development zone of Jining, the hometown of Confucius and Mengzi (great philosophers in ancient China ). The city has long history, splendid culture, convenient road and water transportation, rich material resources, and great potential for development. The good investment environment has attracted many famous enterprises. Now there are more than 10 of Top 500 World Enterprises and over 1000 industrial enterprises located here.