Tan Xuguang: self-driving is a fool, new energy vehicles will have disastrous overcapacity…

2022-08-02 0 By

This morning, Tan Xuguang, Chairman of Weichai Power, explained weichai Power’s 2021 annual performance to the whole society in a one-hour live broadcast, which was watched by about 4.5 million people around the world.At the beginning of the live broadcast, Tan Xuguang released the report of Weichai Power in 2021, with annual revenue of 203.548 billion yuan, up 3.17% over the previous year, and net profit attributable to shareholders of listed companies of 9.255 billion yuan, up 0.28% over the previous year.Tan said high-quality growth has been maintained under the current economic situation.It is understood that the powertrain business of Weichai Power Company maintained positive and steady development in 2021, with annual sales of 1.02 million engines, up 3% year on year.1.153 million gearboxes were sold, among which 1.01 million heavy truck gearboxes were sold, with the market share increasing by 5.3 percentage points year-on-year to 72.4%.Sales of 938,000 Bridges, including 697,000 heavy truck bridge sales.The proportion of non-road engines in the total sales volume increased by 5.3 percentage points to 34.4%, maintaining the first place in the industry in loader, crane, bulldozer and other markets.Seizing the opportunity of upgrading emission standards, China VI engine sales ranked first in the industry, with 429,000 heavy-duty engines sold, increasing its market share by 2.8 percentage points year-on-year to 30.7%.New energy vehicles will have disastrous overcapacity Tan Xuguang said that in recent years, new energy is hot, “crowded on”, disorderly competition.New energy vehicles, especially passenger vehicles, will have a catastrophic overcapacity.Using the capital market concept of new energy vehicles, many companies inflate their wealth through the capital market, leading to disorderly capital expansion in the new energy market.But at the same time, Tan Xuguang also on the new energy to traditional energy to bring scientific and technological progress of the power to give affirmation.He said that reducing fuel consumption and improving efficiency are important ways to improve the life span of traditional power sources.The diversification of energy structure is the direction of future development.When it comes to the hydrogen fuel cell field weichai Power is developing, Tan Xuguang proudly introduced it with four unique products.Specifically, at present, Weichai’s powered hydrogen fuel cells have the world’s largest production capacity (up to 20,000 units), the world’s only 30,000km run without energy attenuation, and the world’s only industrial chain layout is the most complete.In addition, the only national fuel cell technology innovation Center in China is also located in Weichai Power, tan xuguang said that it will undertake a series of major national projects in the future.It is understood that the core technology of the center is autonomous and controllable, and the application of the whole field of scene coverage.At present, the world’s first diesel engine with thermal efficiency of 51.09% has reached the technical peak in the internal combustion engine industry, and 30-200kW series hydrogen fuel cell products are fully distributed.Shandong is a large agricultural province and agricultural equipment production province, in the national total has an important position.But in Tan Xuguang’s view, China’s agricultural machinery does have “dirty, disorderly, poor” problems, low value-added, high subsidies, high-horsepower agricultural machinery and tools are imported and other problems plaguing the development of China’s agricultural machinery and tools.For that, Mr. Tan watched Mr. Levo for five years.He said that five years ago weichai completed the layout of the entire series of agriculture, agricultural machinery and tools required by each engine platform, and entered the commercial development.At this point, proposed strategic reorganization with Levo.Tan Xuguang said that Weichai’s participation in the weichai Heavy Industry has its own power “heart”, the joining of Leivo Heavy Industry has also rapidly released the capacity of Weichai, in the country’s agricultural machinery share has also been rapidly increased, weichai Power to provide 24,000 units to Leivo heavy industry last year, is expected to provide 60,000 units this year.The reorganization of the two, Tan Xuguang said: “Not only drives the Agricultural Machinery Group to the middle and high-end, but also brings a great market for Weichai, the future scale can reach 50 billion.”Tan also said leivo will be listed in the future, but did not disclose how or when.In addition, Tan Xuguang also proposed that Leivo heavy Industry will focus on smart agriculture, through Weichai + Leivo to provide overall solutions for smart agriculture, the future planning of 50% market share, 50 billion revenue.Engine exports this year will reach 100,000 units Weichai power engine business export volume growth.About 35,000 engines were exported last year, up 58 percent from a year earlier, Tan said.Tan expects weichai’s power engine exports to double to 100,000 units this year, a big change in the pattern of global medium and large diesel engine exports.In addition, Shaanxi Auto heavy truck production increased by 72% last year, and Sinotruk exported 6,000 units for three consecutive months.When talking about the development of heavy truck, Tan Xuguang said, it is indisputable that he is the world leader.After sinotruk’s acquisition, Sinotruk added shaanxi Heavy truck, which controls the world’s largest number of heavy truck.Last year, the group sold 450,000 heavy card, the year before nearly 500,000.At the same time, heavy truck accounted for 70% of China’s exports, control China’s heavy truck export resources.Tan Xuguang admitted that although he has been holding the chairman of Sinotruk and Shaanxi Auto heavy truck, but always retired, now the biggest problem is to solve the two enterprises how to change from passive competition to active cooperation.At present, shaanxi heavy truck is all powered by Weichai, Sinotruk Shandeka uses slow engines, and Howard will also use Weichai engines.Tan Xuguang said that the current cooperation between the two enterprises is very good, and both have obtained the benefits they need.Strong R&D supports strong growth.Tan said that it is because the engine business research and development expenses continue to grow, can support the company to the top of the diesel engine world.In addition, the increase in research and development spending, profits also maintained growth.From 2017 to 2021, the R&D investment of Weichai’s power engine business increased year by year in the past five years, reaching 1.6 billion yuan, 2.2 billion yuan, 2.7 billion yuan, 2.9 billion yuan and 3.6 billion yuan respectively. R&d expenses accounted for 5.8% of the revenue in 2021 alone.’If a company doesn’t see the importance of r&d spending by now, it won’t survive,’ tan said.Nowadays, the unmanned driving wind is blowing more and more hot, tan Xuguang said: “unmanned driving is fooling, assisted driving is hope, specific environment can be achieved.”In the live broadcast, Tan xuguang said that the most promising place for the first use of unmanned driving is agricultural mechanization, especially smart agriculture in the three northeastern provinces.And heavy trucks are driving assistance. They can’t be unattended.In the live broadcast, Tan Xuguang said that Weichai Power, with power system as the main axis, has realized diversified business structure adjustment, strategic business development and rapid volume, export business to achieve high-speed growth, intelligent logistics performance increased contribution.In the future, with the core of “science and technology leading + solutions”, we will promote the transformation from equipment manufacturing group to technology leading equipment solution group. We will not only be the world’s no.1 in sales, but also the world’s no.1 in high-quality development.To more beautiful performance, return to the society, continue to create value for investors!(Lu Net · Taishan Financial reporter Wu Yixuan)