On March 20, Guangxi You You Si Sensing Technology Co., Ltd., a joint venture of Yuchai, was established in Yulin. This is an important measure for Yuchai Group's transition to high-end parts and components industry, marking Yuchai’s expansion in emerging industries and The internationalization process has taken a big step forward. Yu Ping, chairman of the board of directors of Yuchai Group, together with the general manager of the UST company in Germany and Managing Director Olaf Keizervet, jointly unveiled the new company.
Guangxi Yousiti Sensing Technology Co., Ltd. is a joint venture between Chengxin Company, a subsidiary company of Yuchai Group, Shanghai Xinshen Sensing Technology Co., Ltd. and Shenzhen Zhongshiheli Investment Partnership. It is dedicated to the development of high-end intelligent sensing technology. With products, with high-end automotive sensors as the leader, we develop and produce high-temperature sensors and flow sensors for diesel engines. After the operation matures, we develop and produce NOx sensors, pressure sensors, air quality sensors, and passenger vehicle sensors. Developed into a full range of automotive sensors, high quality professional suppliers.
With the industrial upgrading, the sensor market has great potential. The average annual increase in the output value of the sensor industry has reached more than 20%. The country has always supported the development of sensor technology, and has issued a number of policies to support the sensor industry. It has made great progress, but there are still some key issues. Technology needs to be broken.
After a global inspection, Yuchai selected UST as a strategic partner and technical supporter. German UST is a key enterprise supported by the German Federal Ministry of Education and Research, a well-known supplier of sensor chips in the German automotive industry, and the world's second largest comprehensive class. Sensor chip R&D and production suppliers, mainly develop and produce gas sensors, provide components, parts, equipment and technical R&D project services, and possess strong technical strengths in temperature, gas sensing technology, and leakage monitoring.
The establishment of Guangxi Yousiti Sensing Technology Co., Ltd. marks the official establishment of a strategic partnership between Yuchai and UST, a German company. Olaf Keszvate is confident in the cooperation between the two parties. He said that the German UST company attaches great importance to The development of the Chinese market, the strategic cooperation with Yuchai Group, and the establishment of Guangxi Youyi Site Sensing Technology Co., Ltd. are important starting points for market development. We hope to leverage the tremendous influence of Yuchai Group in the engine industry. R & D and production of sensor products suitable for the Chinese market, work together to explore the Chinese market, achieve win-win cooperation and create a brilliant future.