- Business
- Kunming Yunnei Power Co., Ltd. (000903.SZ) researches, develops, manufactures, and sells diesel engines for commercial vehicles, passenger cars, and off-road machinery; natural gas, dual-fuel, and hybrid engines; gasoline engines; generator sets; remanufactured engines; agricultural machinery such as rotary cultivators and hay loaders; frame and carriage assemblies; hydrogen fuel cell systems; nanometer ceramic thermal insulation films; heavy-duty gear oils and antifreezing solutions; spare parts and assemblies; and industrial electronic products including communication equipment, computer hardware and software, engine sensors, and systems for new energy charging piles and self-service terminals. Founded in 1999 and headquartered at No. 66, Jingjing Road in Kunming, Yunnan Province, China, the company--a successor to the Yunnan Internal Combustion Engine Factory established in 1956--operates primarily in the People's Republic of China with exports to Europe, South America, Africa, and Southeast Asia; it serves automotive, industrial machinery, and agricultural sectors through its engine and industrial electronics businesses while advancing into intelligent new energy powertrains, modified vehicles, smart agricultural machinery, car electronics, smart doors and windows, and new energy-saving materials. Recent developments include its controlling shareholder Yunnan Yunnei Power Group signing a Global Strategy Cooperation Framework Agreement with Chongqing M&E Holding Group to leverage complementary industries; investing CNY 27 million in an equity funding round for subsidiary Kunming Yunnei Power Intelligent Equipment Co., Ltd. in April 2025, increasing the subsidiary's registered capital to CNY 30 million; and sustained R&D focus on new energy materials and hybrid powertrains amid industry shifts toward electrification and sustainability.