In 2014, after the implementation of the National 4 emission standards, the diesel engine industry entered a new stage of transformation and development. With its early development and technology reserves for the National IV product, Quanchai Power quickly brought the product to the market with a new high in both production and sales volume. In the first quarter of 2015, sales of Quanchai 4 products are expected to exceed 40,000 units. The continuous product innovation of the company has received generous feedback from the market. Quanchai announced the issuance of targeted private placement and raised funds to focus on low-energy-consuming, low-emission commercial vehicle diesel engine projects, energy-efficient non-road diesel engine projects and technology center innovation capability project construction, and continued to accelerate the improvement of innovation and manufacturing capabilities. Leading edge in small and medium-power diesel engines. Innovation strategy usher in harvest As a domestic professional diesel engine R&D and manufacturing enterprise, in recent years, Quanchai has always been committed to the innovation and upgrading of diesel engine technology and adhered to the implementation of its innovation strategy. Leading innovative thinking and a high-level innovation platform have promoted the continuous transformation and upgrading of corporate product structure. The series products have obvious competitive advantages in the medium and light trucks, large and medium agricultural equipment, forklifts and other market segments. With the construction of state-level enterprise technology centers and postdoctoral research stations in Anhui Province, Quanchai has further strengthened its leading position in the domestic four-cylinder diesel engine industry, and further strengthened its technological innovation and product innovation capabilities. The company owns a series of proprietary technologies and products with independent intellectual property rights. Established a high-level technical team with strong innovation ability, reasonable knowledge structure and international vision. Positive product innovations have also made the company's development better and have ushered in a harvest period. In February this year, in the case of the Spring Festival holidays, the sales of Quanchai four products once again broke through the 10,000-unit mark and continued to lead the domestic four-cylinder diesel engine industry. The positive interaction between product innovation and enterprise development has been achieved, and the product structure has been continuously adjusted to the high end. In order to speed up innovation and development, the market for mid-to-high end diesel engines is intensively cultivated At present, Quanchai is using fundraising funds and is currently implementing innovative capacity projects. Through the acquisition of advanced diesel engine R&D and testing equipment, it has gradually established a technological innovation system that integrates research, development, trial production, testing and management, and builds a higher level of innovation. Platform for new technology development and advance technology research. Accelerate the increase of manufacturing capacity Manufacturing capabilities determine product quality and competitiveness. In recent years, under the dual competitive pressures of cost and market, Quanchai has accelerated the application of information technology, intelligentization, digitization and automation technology for diesel engine manufacturing by benchmarking advanced companies. It has ensured the simultaneous improvement of the level of manufacturing and product technology of Quanchai. In order to cope with industry competition and make full use of the capital market to raise funds for corporate development, Quanchai completed the targeted issuance of capital markets in the near future, providing funds for the company's later development, and focusing on accelerating the company’s innovation and manufacturing capabilities. Among them, the investment in diesel engines for low energy consumption and low emission commercial vehicles is 270 million yuan. It is mainly used for the production of diesel engines for vehicles that have been discharged into the country or above, further increasing the equipment manufacturing capacity of diesel engines for all vehicles and enhancing the competitiveness of enterprises. The energy-efficient non-road diesel engine project has invested 230 million yuan. The project seizes the opportunities for the continuous growth of China's total demand for agricultural machinery and the country's opportunity to promote the transformation of the construction machinery industry from a manufacturing country to a manufacturing powerhouse, and aims at the domestic medium and high-end agricultural machinery and construction machinery markets. In recent years, Quanchai has been actively carrying out technological transformation, adopting advanced diesel engine manufacturing technologies and technologies, and continuously improving its manufacturing capabilities. "In terms of enterprise development, manufacturing capabilities and innovation levels complement each other. It is the high starting point and large investment in product innovation and technological transformation that has driven Quanchai's rapid development in recent years," said the person in charge of Quanchai. 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