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Yuchai Thailand Plant Put into Operation, Creating a New Era of Globalization Strategy

Core Viewpoint - Yuchai Power System (Thailand) Co., Ltd. has officially opened its first overseas factory in Samut Prakan, Thailand, marking a significant step in Guangxi Yuchai Machinery Co., Ltd.'s globalization strategy and aiming to enhance its growth in the Southeast Asian market [1][3]. Group 1: Company Expansion and Production - The Thailand factory will primarily produce diesel engines, gas engines, and clean-energy engines, with initial products including K08, S06, and S04 series, and plans to produce Yuchai 2-11L series products in the future [1][3]. - Yuchai has been exporting products to Southeast Asia since the 1970s, with exports increasing from 400 units in 2004 to over 20,000 units per year recently, demonstrating significant growth in the ASEAN market [2]. Group 2: Strategic Partnerships and Future Plans - Yuchai aims to strengthen cooperation with key partners, such as Beiqi Foton, to enhance product competitiveness and expand its market presence in Southeast Asia [3]. - The company is also planning to collaborate with KIM LONG MOTOR to establish new factories in Vietnam and is advancing strategic cooperation negotiations in Europe and the Middle East [3]. Group 3: Vision and Development Goals - Yuchai plans to leverage the Belt and Road Initiative and the China-ASEAN Free Trade Area to develop its Thailand factory into a high-end, intelligent, digital, and green manufacturing facility [4]. - The company aims to double its production capacity and provide high-quality products, promoting the development of the industrial chain in China, Thailand, and the ASEAN region [4].