SINGAPORE, December 10, 2014 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today that trucks equipped with its YC6K12 diesel and YC6K13N liquid natural gas ("LNG") engines won first place in their respective categories at the Seventh China International Truck Fuel Economy Competition held in Beijing.
The competition was hosted by China Automotive News, the China Automobile Technology and Research Center and China Dingyuan Automobile Testing Center.
The YC6K12 diesel and YC6K13N engines are produced by Y&C Engine Co., Ltd. ("Y&C"). Y&C is a joint venture of China Yuchai's main operating subsidiary, Guangxi Yuchai Machinery Company Limited with Shenzhen City Jiusi Investment Management Co., Ltd. and Jirui United Heavy Industry Co., Ltd, a company jointly established by China International Marine Containers Group Ltd. and Chery Automobile Co., Ltd.
The YC6K13N engine has the highest torque power among similar-sized gas engines. By utilizing lean-burn technology, it reduces average energy consumption by 25% compared with a diesel engine of comparable size and power. This 13-liter engine uses 0.8kg/ton of fuel per 100 kilometers. It is compliant with Euro V emission standards.
The YC6K12 diesel engine was independently developed by Y&C to meet advanced world standards in areas such as fuel consumption and weight. It applies high reliability technology enhancing the engine's dependability and utilizes innovative technologies such as more accurate combustion and electronic control as well as high-strength materials and a high-efficiency engine cooling system which substantially extends the engine's useful life. This is an advanced 12-liter engine compliant with Euro V and VI emission standards.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "These awards are an endorsement to the effectiveness of our research and development ("R&D") program to create market-leading engines to maintain our leadership in the world's largest automotive market. Over the last two years, we have launched 20 new engines including a suite of natural gas and high horsepower engines. We continue to invest in R&D to continually introduce new and improved engines which will position us to increase our share across the different market segments."
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 2013, GYMCL sold 500,756 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", "target", "optimistic", "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 are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. 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, including those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. 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 / Dixon Chen
Grayling
Tel: +1-646-284-9409
Email: cyd@grayling.com
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