Since 2015, the development of the automotive, agricultural equipment, and construction machinery industries under the “new normal†economy has slowed down, and the growth rate of investment in fixed assets has dropped. The diesel engine industry has been affected by this to enter the adjustment period. According to industry statistics, from January to September this year, domestic vehicle diesel engines sold 1.93 million units, a year-on-year decrease of 19.5%. In response to changes in the economy and the industry environment, Quanchai Group achieved stable growth through continuous product upgrades and structural adjustments. In the first three quarters, it achieved a total of 256,000 units of multi-cylinder diesel engines, representing a year-on-year increase of 0.5%, achieving positive growth. , Production and sales ranked the forefront of the industry. At present, Quanchai is targeting the global high-end products, focusing on speeding up the development of four products in the six countries and non-road countries in the automobile industry, adjusting the product mix, changing the growth mode, promoting the continuous upgrading of products, and promoting the sustained and healthy development of the company.
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