SINGAPORE, Jan. 12, 2018 /PRNewswire/ -- China Yuchai
International Limited (NYSE: CYD) ("China Yuchai" or the
"Company"), a leading manufacturer and distributor of engines for
on- and off-road applications in China through its main operating subsidiary,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), announced today
that it has launched 14 new engines compliant with China's more stringent National VI emission
standards.
GYMCL's new National VI engines include 10 diesel and 4 natural
gas engines with a power range from 100 to 650 horsepower among 3
platforms, namely S, K, and Y, which together stands for "blue
sky", which symbolizes GYMCL's commitment to developing clean and
efficient engines. The S platform engines address the market for
medium- and light-duty engines with models YCS04, YCS06 and YCS04N.
The K platform engines cater to the medium- and heavy-duty markets
with models YCK05, YCK08, YCK09, YCK11, YCK13, YCK13N, YCK15N and
YCK07N. The Y platform engines are for the light-duty engine market
with models YCY20, YCY24 and YCY30.
Launching engines that meet or exceed next generation emission
standards has been a key strategy for China Yuchai to create a
technological edge and market leadership in the market for
commercial vehicle ("CV") engines in China, the largest CV market in the
world.
Representatives of original equipment manufacturers ("OEMs"),
suppliers, vendors as well as government and industry officials
attended the launch ceremony hosted by GYMCL's Chairman, Mr.
Ping Yan and President, Mr.
Qiwei Wu. They include senior
executives from leading CV OEMs such as Dongfeng Commercial Vehicle
Co., Ltd., Liuzhou Motor, C&C Truck, Foton Motor, Jianghuai
Automobile (JAC), Shaanxi Automotive Group and Yutong Bus. Other
prestigious guests include Dr. Wanhua
Su of the China Academy of Engineering, Mr. Gang Hou, Deputy
Director of Guangxi Ministry of Industry, Mr. Kaiguo Li, Chairman of the China Automotive
Engineering Research Institute, Mr. Michael
Laske, CEO of AVL China, Mr. Thomas
Reinhart, Director of the Southwest Research Institute, Mr.
Yu-ming Miao, Deputy General Manager of Bosch Automotive Diesel
Systems Co., Ltd. and Mr. Tobias
Posner, Director of the ThyssenKrupp Forging Technology
Group.
At the ceremony, GYMCL signed strategic partnership agreements
with 22 truck OEMs including Dongfeng Commercial Vehicle Co., Ltd.,
and 8 bus OEMs including Yutong Bus, as well as 52 key components
suppliers.
China's National V emission
standards were fully implemented across the nation in 2017. The
more stringent National VI emission standards are expected to be
implemented by mid-2020 according to the Ministry of Environmental
Protection.
Mr. Weng Ming Hoh, President of
China Yuchai, commented, "We are committed to the development of
environmental-friendly technologies. The launch of our new product
portfolio demonstrates that we are at the forefront of emission
technologies, and our R&D and engineering expertise enhances
our leadership in the CV engine market. In addition, our strong
sourcing capability continues to enable us to fulfil our system
design and engineering with world-class components."
About China Yuchai International
China Yuchai International Limited, through its subsidiary,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the
manufacture, assembly, and sale of a wide variety of light-,
medium- and heavy-duty engines for trucks, buses, passenger
vehicles, construction equipment, marine and agriculture
applications in China. GYMCL also
produces diesel power generators. The engines produced by GYMCL
range from diesel to natural gas and hybrid engines. Through its
regional sales offices and authorized customer service centers, the
Company distributes its engines directly to auto OEMs and retailers
and provides maintenance and retrofitting services throughout
China. Founded in 1951, GYMCL has
established a reputable brand name, strong research and development
team and significant market share in China with high-quality products and reliable
after-sales support. In 2016, GYMCL sold 320,424 engines and is
recognized as a leading manufacturer and distributor of engines in
China. For more information,
please visit http://www.cyilimited.com.
Safe Harbor Statement
This news release may contain forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. The words "believe", "expect", "anticipate", "project",
"targets", "optimistic", "confident that", "continue to",
"predict", "intend", "aim", "will" or similar expressions are
intended to identify forward-looking statements. All statements
other than statements of historical fact are statements that may be
deemed forward-looking statements. These forward-looking statements
including, but not limited to, statements concerning the Company's
operations, financial performance and condition are based on
current expectations, beliefs and assumptions which are subject to
change at any time. The Company cautions that these statements by
their nature involve risks and uncertainties, and actual results
may differ materially depending on a variety of important factors
such as government and stock exchange regulations, competition,
political, economic and social conditions around the world and in
China including those discussed in
the Company's Form 20-Fs under the headings "Risk Factors",
"Results of Operations" and "Business Overview" and other reports
filed with the Securities and Exchange Commission from time to
time. All forward-looking statements are applicable only as of the
date they are made and the Company specifically disclaims any
obligation to maintain or update the forward-looking information,
whether of the nature contained in this release or otherwise, in
the future.
For more information, please contact:
Kevin Theiss
Phone: +1 646-726-6511
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited