SINGAPORE, Aug. 27,
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 Machinery Power
System (Thailand) Co., Ltd.
("Yuchai Thailand") commenced production operations as the first
K08 engine from the Thailand
factory rolled off the production line and was delivered to its
customer. Senior executives from Foton Motor, SANY, Zoomlion, and
Liugong attended the commencement of production.
Yuchai Thailand will mainly produce a range of diesel engines,
natural gas engines, new energy power products and other products.
Various series of Yuchai products will be manufactured and the
first group of products include the K08, S06 and S04 series of
engines. Annual production capacity will begin at 5,000 units and
will expand to meet future market demand.
Yuchai's globalization has been accelerating over the past
decade due to the growing cooperation between China and ASEAN countries. Yuchai's direct and
indirect export volume to ASEAN countries has increased to more
than 20,000 units per year, accounting for a large share of
Yuchai's overseas sales.
Yuchai Thailand further strengthens Yuchai's alliances with
important partners such as Foton Motor, enhances product
competitiveness, and increases penetration into the Southeast Asian
markets.
Mr. Weng Ming Hoh, President of
China Yuchai, commented, "Yuchai Thailand is an important stepping
stone to increase Yuchai's share of the ASEAN markets, solidify our
partnerships with OEM customers and enhance our foundation for
greater global growth."
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 they are 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