Yangzhou Asiastar Bus Co., Ltd.

Yangzhou Yaxing Motor Coach Co., Ltd. (hereinafter: Asiastar) (stock code: 600213) is a significant part of Yangtze River Delta Strategy of Weichai Group.

Founded in 1946, Weichai is one of the bus & assembling manufacturing groups with the most comprehensive strength in China. With about 74 thousand employees worldwide, Weichai Group acquired operating revenue of 134.1 billion RMB in 2016. At the same time, the Group ranked 171st among the top 500 Chinese enterprises in 2016, 73rd among the top 500 China manufacturing industry, the second in the Best 100 China mechanical engineering enterprises and acquired operating revenue of 223 billion RMB in 2017, keeping second in the Best 100 China mechanical engineering Enterprises. Additionally, it has a wide scope of business: vehicle sales, engineering machinery, power train units, luxury yacht, finance and service and intelligence logistic etc.

Weichai Group pioneers in passing the Quality Management System Certificates of GJB9001B, ISO9001 and ISO/TS16949 compared with other domestic counterparts. Moreover, the Group sets up an integrated service network consisted of over 5600 special maintenance service centers across the country and more than 340 overseas after-sales service stations. The fast development of Weichai is completely recognized by all walks of life and rewarded honorary titles of “China Industry Award”, “National Developed Grass-Rooted Party Organization”, “National Quality Award”, “National Innovative Enterprise”, “National Enterprise Culture Model Base” and “National Civilized Unit” etc.

Founded in 1949, Asiastar has been accompanying the development of China's automobile industry for more than half a century since the birth of its first bus; in the meanwhile, it has created many “first” records: the first specialized bus JT663, the first sleeper bus JT6970, the first rear chassis bus JS6970H, the single model bus JS6820 with the highest sales, the new energy bus with the best performance of fuel conservation JS6126GHEV, the best intercity bus YBL6125H and the first luxury bus passes EPA2017 emission standard exported to the USA.

Asiastar brought in the advanced technologies of vehicle R&D, production manufacturing etc.by setting up joint venture with Mercedes-Benz, laying a solid foundation for the performance and quality management of Asiastar products.

In 2011, Weichai Group conducted the strategic restructuring of Asiastar, which established a golden power assembly system and set up the unique power assembly production chain in China. All these measures made an improvement of Asiastar core competitiveness and annual sales income. Consequently, it gained revenues with increasingly dramatic boost of 996 million RMB in 2012, 3.4 billion RMB in 2016 and 3.0 billion RMB in 2017.

Asiastar has two production bases: one is in Yangzhou and the other one is in Xiamen. Yangzhou base owns the first-class bus production lines and product R&D center, covering nearly 660 thousand square meters, and the base has been put into operation since 2013. Xiamen base is located in Xiamen Free Trade Zone, and its products like high-tech new energy bus and low-emission luxury bus are exported to developed countries such as Europe, America, and Australia.

Presently, Asiastar has its sub-brands including Asiastar, Wertstar and FTBCI etc. All the products are divided into different type such as long-distance bus, school bus, top-notch tourism bus, city bus, group bus, and environmentally friendly energy-saving bus like luxury recreational vehicle and special vehicle from 5 meters to 18 meters. The buses with different functions are sold well at home and additionally exported to the overseas markets, for instance: North America, Australia, Eastern Europe, Southeast Asia, Russia, Middle East and Africa, etc.

Complying with the core culture of “responsibility, communication and tolerance” of Weichai Group, Asiastar takes “providing first-class public traffic facilities to the world” as its mission and regard “providing customers with satisfactory passenger transport solutions” as its vision. In the meanwhile, taking the advantage of synergy development of Weichai Group, Asiastar is devoted itself to making contributions to the values for society, clients and staff for the sake of long-term and prosperous development of the company.