YTO Group will Accelerate the Development of High-Level Intelligent Tractors

Regarding future development strategies and business layouts, YTO Group will accelerate the research and development, as well as mature applications, of high-end intelligent tractors such as high-power continuously variable transmission, power shifting, and hybrid power. We will deepen the practice of integrating research, production, and use, and form products and technologies that can directly replace imports; And develop small and medium-sized horsepower products that meet the needs of all scenario operations such as dry fields, hilly and mountainous areas, paddy fields, forestry and fruit production, and facility horticulture. Actively apply new technologies such as intelligence, electro-hydraulic control, and new energy to promote product upgrades; At the same time, continuously improving the level of product intelligence and precision operation capabilities, enhancing future industrial competitiveness.

In 2024, YTO Group aims at cutting-edge technology in the field of agricultural machinery and equipment, adheres to independent innovation, continuously increases research and development investment, and develops new products that meet market needs.

It is reported that in 2024, more than 40% of the R&D expenses of YTO Group will be invested in the field of new quality productivity: firstly, breakthroughs in high-end intelligent tractor technology will be made, with a focus on promoting product research and development, testing, and verification of new tractor platforms such as continuously variable transmission, power shift, power reversing, and hybrid power, in order to enhance the competitiveness of products in the high-end market; The second is the development of agricultural machinery in hilly and mountainous areas, targeting the complex terrain requirements in China and developing tractor products suitable for operations in hilly and mountainous areas, actively serving the needs of the country; The third is to invest in the development and performance upgrade of new diesel engine products, explore new supporting areas for diesel engine products, and further optimize energy consumption and pollutant emissions.

YTO Group stated that with the acceleration of technological progress and product updates in the agricultural machinery industry, the company's future capital expenditures will mainly focus on further enhancing the overall production and manufacturing capabilities and intelligence level of the company, including the improvement of high-end intelligent tractor assembly capabilities, key component processing capabilities, and green manufacturing projects. At the same time, the company plans to upgrade some of the original production lines to further improve the automation level and production efficiency of production and manufacturing, continue to build the company's gold industry chain, and improve the stability of the company's overall quality and the progressiveness of industry technology.