1. The company mainly produces and sells natural gas engine body machines, and Weichai Group produces and sells natural gas engine machines.
2. Natural gas heavy trucks have certain advantages in emission and use costs, but at the same time are subject to oil and gas price differences, performance and other factors.
Weichai Power Engine
3. The market share of the company's natural gas heavy-duty truck engine has been at the leading position in the industry and is higher than that of the company's diesel heavy-duty engine. There is no official statistics on sales of natural gas heavy trucks and it is expected that the proportion of all heavy truck sales will be less than 10%.
4. In recent years, the company has been actively deploying new energy business, aiming to lead the global new energy business in 2030. At present, it has produced and sold new energy powertrains, and cooperated with the Bosch Group to develop fuel cells and heavy trucks. The subsidiary, Shaanxi Heavy Duty Truck, has also launched some electric trucks.
In addition, investors questioned the company's order scheduling in March and Weichai Power gave detailed explanations. At present, Weichai Power's medium- and heavy-duty engine production in March continued to maintain a relatively high growth year-on-year, and the capacity utilization rate remained high. The market demand of the company's dominant product 12/13L engine and the newly launched H-platform engine market is relatively good.
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