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Shanghai Diesel Engine Co., Ltd. (SDE) announced that it obtained about 5,299,919 USD, the Shanghai municipal financial subsidy with the 12L engine project in accordance with the Guo IV on 4 January 2010. It is considered that it will be helpful in the scale enlargement of the productivity and sales of SDE based on the current capability to obviously improve the business achievements.
Engine product of the Shanghai Diesel Engine Co., Ltd. (SDE)
SDE is the cradle of our diesel engines and has become the national extra large professional diesel engine design manufacturer by far. The series of D114、C121、135/G128 have been broadly applied in the power accessories of engineering machine, naval construction, generating equipment and auto. Because of some historical reason, the leading products stress on the support of the engineering machine, lack of the new products which can fully meet the requirements of the auto market and lead to the adverse performance of the auto engine.
After the acquisition of the SAIC Motor at early 2008, SDE makes sure the strategy transformation from the emphasis on the engineering machine market to the parallel attachment to engineering machine and auto market. According to the general plan of the SAIC Motor, SDE brings forward the development idea of rapid growing of the automobile products, arranges the 11-12 L heavy duty auto diesel engines, and blends in the mainstream power range in the future 5 to 10 years to form the technology and building advantages of the 360-450h products in the certain period and finally realize the objective of the "Power Base of the SAIC Motor Proprietary Brand Commercial Vehicle ". SDE specially organizes the project group of the heavy duty diesel engines to search and analyze the condition of our auto industry, heavy duty vehicle industry and market; meanwhile, to plan the development strategy and technical line of the Guo IV 12L heavy duty auto diesel engines.
The relevant principal indicated that the diesel engine project for the heavy duty auto with the financial subsidy showed that the company conformed to the national appealing, the requirements of the Shanghai key industry support and the strategy collaboration with SAIC Motor.