Core Viewpoint - The commercial vehicle industry in China is undergoing an unprecedented energy transformation, with various technologies such as pure electric, hybrid, and hydrogen fuel competing at the 2025 Wuhan Commercial Vehicle Exhibition, indicating an irreversible trend towards electrification, intelligence, and low carbonization [1]. Product Strategy - Yuchai's product lineup covers all power forms in commercial vehicles, from traditional fuel and gas engines to hybrid systems, range extenders, and hydrogen fuel cell systems, reflecting a "power matrix" tailored to different scenarios and user needs [2][4]. - The YCK16LN natural gas engine, with a power range of 590-660 horsepower, is designed for long-distance logistics, while the YCK09 series diesel engine emphasizes lightweight and high power density for complex working conditions [2]. New Energy Layout - Yuchai's new energy segment is systematic, featuring the eCVT power-split hybrid system for efficient fuel savings, the YCRE65 range extender targeting the light and medium commercial vehicle market, and hydrogen fuel cell systems designed for 8-18 ton trucks and buses [4][10]. User Value Enhancement - Yuchai aims to enhance user operational value beyond merely developing products, focusing on fuel efficiency, reliability, and overall operational cost reduction [6][8]. - For instance, the YCK16LN engine achieves a fuel consumption of approximately 29 kg per 100 km, potentially saving users over ten thousand yuan annually based on 150,000 km of operation [8]. Strategic Development - Yuchai is advancing multiple technology routes, including hydrogen engines and hybrid systems, while strengthening its advantages in niche markets like heavy trucks and construction machinery, supported by a robust R&D team and certification capabilities [11][12]. - The company is transitioning from being a "power system supplier" to expanding into intelligent manufacturing and logistics equipment, aligning with national development strategies [12][13]. Future Outlook - Yuchai recognizes that traditional internal combustion engines will not be completely replaced in the next 5-10 years, but is preparing for the next era by integrating power and intelligence [13]. - The strategic path outlined at the exhibition emphasizes a combination of traditional power, new energy, and intelligent equipment, aiming to provide the most suitable rather than the most radical solutions for users [13].