Core Insights - The article discusses the significant growth and strategic direction of Yuchai Group during the "14th Five-Year Plan" period, highlighting the importance of expanding partnerships and focusing on customer success as a core business philosophy [1][15]. Group 1: Business Performance and Strategy - Yuchai Group achieved historical highs in sales revenue, profit, and engine sales in 2025, attributed to strong leadership and support from local governments and partners [1]. - The company emphasizes the need to continuously expand its "circle of friends" to enhance collaboration with commercial vehicle manufacturers, focusing on solving customer pain points in power systems [1][2]. - Yuchai's strategy includes finding its own positioning in the market, aiming for industry co-prosperity rather than replacing existing suppliers [2]. Group 2: Product Development and Innovation - Yuchai has established a research and development center in Wuxi and a low-carbon intelligent power laboratory in Guangxi, leading to significant advancements in product quality, particularly in the National VI engine series [4]. - The company reported a more than 40% year-on-year increase in National VI engine sales, with light truck power doubling and new energy power growing by 155% [4]. Group 3: Market Trends and Future Outlook - The company predicts a stable growth rate of 5% to 10% for the commercial vehicle market over the next five years, despite declining demand from traditional sectors like real estate and infrastructure [5]. - Yuchai anticipates a continued diversification of power systems in commercial vehicles, with multiple technologies coexisting, including internal combustion engines, pure electric, hybrid, and hydrogen fuel [6][7]. Group 4: International Expansion - Yuchai has made significant strides in internationalization, with overseas business growth projected at nearly 80% in 2024 and around 50% in 2025, driven by the global expansion of Chinese automotive products [10][11]. - The company is shifting from product export to technology licensing, allowing local enterprises to quickly gain production capabilities while fostering stable partnerships [11]. Group 5: Collaborative Innovation and Corporate Culture - Yuchai emphasizes the importance of collaboration within the industry, advocating for a tightly-knit ecosystem that benefits all parties involved [12]. - The company's corporate culture is centered around the philosophy of "helping customers succeed," which is seen as essential for its survival and growth [15][16].

撰 文 / 周 洲 设 计 / 琚 佳 内燃机被污名化这么多年，现在被正名了，不应该再诬蔑内燃机。 轩辕奖评审团主席、上海交通大学汽车工程研究院院长许敏在第十二届轩辕奖颁奖典礼上表达了该 观点。 他说："内燃机本身并不坏，主要是用的油不行，如果把燃料改变的话，内燃机还是碳中和非常有 效的动力系统。" 许敏在第十二届轩辕奖颁奖典礼上发表的《先进动力发展趋势》的演讲中表示，带发动机的混动、 插电混动、增程式电动车发展迅速，基本达到了要平分天下的程度。 许敏认为，内燃机被认为是长期发展的动力。如果烧生物质燃料、电子柴油、电子汽油等碳中性燃 料、氢、氨等零碳燃料，内燃机就是清洁的。 许敏称，中国的动力系统跟随和抄袭的时代已经过去，现在在世界上是崭新的一面，搭载中国动力 装置的车型在动力性、经济性方面都非常卓越。 以下是许敏演讲实录，此处略有删节。 我讲一讲汽车动力方面的技术发展和挑战。 汽车动力是汽车最重要的属性之一，也是买车的人最关心的特征。汽车动力毕竟是非常传统的技 术，好像和现在流行的智能座舱、智驾相比比较落后，动力似乎不是那么重要。实际上在动力领 域，最近这些年来发展和变化还是很大的。比如说电动化就是在动力系 ...