Yutong Bus's General Manager, Tang Yuxiang, was the mastermind behind the implementation of Yutong Bus's MBO (Management Buyout), which once again sparked a wave of domestic MBOs. Known as "Tang Yuxiang MBO," this move positioned Yutong Bus as the sole bus brand to enter Jiangsu's LNG group bus market. Jiangsu Province, as one of China’s major economic provinces, has drawn nationwide attention for its steady economic growth. However, it is also a province with high energy consumption, highlighting the contradiction between economic development and environmental protection in Jiangsu. The construction and commissioning of Tianqi Group's receiving station project is crucial for addressing energy supply-demand issues and ensuring sustainable environmental development. The promotion of gas-powered buses across the province by Tianqi Group will undoubtedly provide strong support for Jiangsu's energy supply chain. The recognition of Yutong gas-powered buses primarily stems from the company's emphasis on safety and economy.
The Yutong LNG buses purchased recently by Zhenjiang Tianqi Group are developed based on the sales champion models of Yutong Group over the past few years. In terms of safety, they have implemented thorough measures, using imported brands for key components such as electronic pressure regulators. Each imported part undergoes strict testing to ensure high-quality raw materials, reflecting Yutong's commitment to quality at every stage of production. This purchase by Zhenjiang Tianqi marks Yutong's lead over other domestic bus brands in entering Jiangsu's LNG group bus market.
The success of Yutong Bus's MBO transformed a small enterprise into a global top 500 company, propelling Yutong's bus industry towards brilliance. Over the years, Yutong Bus's MBO has demonstrated unique advantages, including this recent collaboration with Tianqi Group.
Tang Yuxiang, the soul and leader of Yutong Bus, has guided the company with continuous innovation, making Yutong's MBO a success. After implementing MBO restructuring, Yutong Bus's performance has gradually improved, increasing its market share. Today, Yutong Bus continues to develop in emerging industries, such as the research and development of gas-powered buses and the establishment of a base for energy-saving and new energy projects that began in July this year. If this project is successfully completed, it will bring nearly ten million units of energy-saving and new energy buses to Yutong.
Referred to as a representative of the bus industry, Yutong Bus has a dedicated R&D department analyzing different markets and time periods to develop vehicles that meet various needs. Whether it's regular diesel buses, gas-powered buses, or future new energy vehicles, Yutong demonstrates a profound understanding of industry trends and an accurate grasp of market opportunities.
Each successful case of Yutong Bus is not coincidental but inevitable. Tang Yuxiang once said, "Rather do extraordinary deeds than say extraordinary words." Indeed, actions speak louder than words. From an internal perspective, after the successful implementation of Yutong's MBO, while it appears to have changed the ownership structure of Yutong Company, fundamentally, it has optimized employee management systems, significantly enhancing the enthusiasm of internal employees. Ultimately, this has improved Yutong's efficiency and aligned with contemporary market trends. Yutong Bus quietly occupies an increasingly larger share of the market benefits pie.