Deutz First-Generation Dalian Diesel Engine Co., Ltd. Realizes Tax Storage for the First Time

Established in August 2007, Deutz FAW (Dalian) Diesel Engine Co., Ltd. was operating for the first time in April.

Deutz FAW (Dalian) Diesel Engine Co., Ltd. has invested RMB 1.2 billion in 50% of each of the First Motor Group Co., Ltd., the founder of the world's engine industry, Germany’s Deutz AG and China’s automobile industry leader. Established in August 2007. According to the approval of the branch office, as of July 31, the balance of input tax for VAT left after FAW Dachai has passed the gold tax system certification is 27.78 million yuan, which can be deducted from Deutz FAW (Dalian) Diesel Engine Co., Ltd. Since the establishment of the company, there have been tax refunds. Since entering April, the market situation has improved and, in addition, the Euro 3 emission standards have been implemented for diesel engines after July, which has stimulated the market demand for diesel engines. Deutz FAW (Dalian) Diesel Engine Co., Ltd. firmly seized market demand. In April, it produced 14,357 diesel engines and sold 12,224 diesel engines. Its monthly production and sales volume reached a record high. In April, the 13.72 million yuan in the previous month was absorbed into taxation, and taxes were first put into storage.

With the increase in production and sales volume, in addition to the sales growth of old products, with the support and assistance of FAW Group and Deutz, the sales situation of Deutz products has been significantly improved, and has shown a good development prospect: Deutz AG, Germany On April 9th, the company’s board of directors promised to start bulk procurement of the 1013 series diesel engines from Dachai in August this year. The number is expected to be 6000-7000 units this year. Guaranteed the expected goal of achieving a value-added tax of 70 million yuan throughout the year.

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