SINGAPORE, July 19,
2024 /PRNewswire/ -- China Yuchai International
Limited (NYSE: CYD) ("China Yuchai" or the "Company") one of
the largest powertrain solution manufacturers through its main
operating subsidiary in China,
Guangxi Yuchai Machinery Company Limited ("Yuchai"), today
announced that Yuchai's subsidiary, Guangxi Yuchai Foundry Company
Limited ("Yuchai Foundry") made a significant advancement in the
wind energy sector with the launch of the QT700-10 turbine fan main
shaft. This innovative main shaft was developed and
manufactured using QT700-10 high-strength and high-elongation
ductile iron material proprietarily developed by Yuchai Foundry.
In the context of global energy transformation and carbon
emissions reduction, wind power, as a major force in clean energy
has extensive applications. The first batch of QT700-10
turbine fan main shafts has been running smoothly during the wind
farm tests for 6 months following the successful design,
manufacturing and test operations. The test results of these
advanced turbine fan main shafts have been well received by
customers, including leading domestic wind turbine manufacturers.
Yuchai Foundry is now in position to take orders and has
expanded its production capacity of the QT700-10 turbine fan main
shaft to an annual output of 1,000 units.
The difficulties in developing the QT-700-10 main shaft were
overcome through the efforts of Yuchai Foundry's research and
development team. The materials used in the QT700-10 turbine
fan main shaft feature high strength, high plasticity, and improved
low-temperature fracture toughness. The overall weight has
been reduced by 15%-30% compared to conventional main shaft
products.
The QT700-10 turbine fan main shaft can be used with wind
turbine capacity of 5MW and above. A typical 5MW wind turbine
will generate 5,000 kilowatt-hours of electricity per hour,
creating considerable economic benefits.
Mr. Weng Ming Hoh, President of
China Yuchai, commented that, "We continue to leverage our strong
research and manufacturing capabilities to broaden our offerings in
the clean energy sector. The QT700-10 turbine fan main shaft
represents a leap forward in the design and manufacturing of a
component critical to wind power generation, and demonstrates our
commitment to making technological advancements to power the
renewable energy sector."
About China Yuchai International
China Yuchai International Limited, through its subsidiary,
Guangxi Yuchai Machinery Company Limited ("Yuchai"), 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. Yuchai also produces diesel power
generators. The engines produced by Yuchai range from diesel to
natural gas and hybrid engines. Through its regional sales
offices and authorized customer service centers, Yuchai distributes
its engines directly to auto OEMs and retailers and provides
maintenance and retrofitting services throughout China. Founded in 1951, Yuchai 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
2023, Yuchai sold 313,493 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
group of entities' 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. 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