SINGAPORE, July 17,
2023 /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"), today announced
that GYMCL's subsidiary, Yuchai Xin-Lan New Energy Power Technology
Co., Ltd. ("Yuchai Xin-Lan") has
introduced the Yuchai Xinlan S06-100kW P1 parallel hybrid
powertrain system for SANY Group's 12-cubic-meter mixer
trucks. SANY Group is a large global engineering machinery
manufacturer.
The S06-100kW P1 hybrid powertrain features Yuchai Xin-Lan's proprietary control software
that intelligently coordinates and controls the engine, electric
motor and automated mechanical transmission (AMT) gearbox. The
hybrid powertrain was designed to shift automatically for different
working environments and to optimize engine performance. Fuel
consumption is improved due to reduced sudden acceleration and
deceleration of the vehicle, and excessive idling of the
engine.
One key feature is the significant fuel savings achieved from
automatic engine shutdown and restart during commuting in congested
traffic.
S06-100kW P1-powered SANY 12-cubic meter diesel-electric hybrid
powertrain mixer trucks can achieve high fuel savings as the system
automatically recognizes the changing road conditions and
seamlessly switches among economy, standard and mountainous modes
to provide the best fuel economy and power combinations for these
different road conditions.
Mr. Weng Ming Hoh, president of
China Yuchai, commented, "SANY is a large construction equipment
producer and we are pleased that SANY has chosen our new system. In
a recent test of over 20,000 kilometers across 4 provinces, this
new SANY hybrid mixer truck outperformed its traditional
diesel mixer truck with significant fuel savings. The S06-100kW P1
system can be applied to a number of other commercial vehicles as
well."
Yuchai Xin-Lan was incorporated
in August 2021 to research, develop
and construct new production capacity for GYMCL's new energy
technologies including fuel cell systems, range extenders, hybrid
power, electric drive systems, etc.
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, GYMCL 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 2022, GYMCL sold 321,256
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 China Yuchai's
and the joint venture's operations, financial performance and
condition are based on current expectations, beliefs and
assumptions which are subject to change at any time. China Yuchai
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
China Yuchai'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. Among others, if the COVID-19
pandemic is not effectively and timely controlled, our business
operations and financial condition may be materially and adversely
affected due to a deteriorating market for automotive sales, an
economic slowdown in China and
abroad, a potential weakening of the financial condition of our
customers, or other factors that we cannot foresee. All
forward-looking statements are applicable only as of the date it is
made and China Yuchai 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:
Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited