SINGAPORE, Dec. 22, 2016 /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 delivered a total of 303 hybrid engines to Inner-Mongolia Tian'an Public Transportation Group and Lanzhou Mass Transit Company. All of these engines are compliant with National V emission standards.
The Lanzhou Mass Transit Company recently put 288 new environmentally-friendly buses into service, 280 of which are 12-meter coach buses powered by GYMCL's YC6J210N hybrid engines. This turbocharged engine displaces 7.8 liters for medium-size commercial vehicles. The remaining 8 buses run on GYMCL's YC6MKN heavy-duty natural gas engines with a 10.3 liter displacement, which are designed for larger coach buses. Lanzhou, the capital of Gansu Province and a major industrial city in Western China, has been plagued by increasing environmental pollution in recent years. Additionally, GYMCL delivered 15 natural gas-electric hybrid engines to the Inner-Mongolia Tian'an Public Transportation Group in Erdos City and Xilinhot City.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "We continue to expand our geographic footprint in China and to extend our technological leadership in the new energy bus market. In September 2016, we also announced China's first gas-electric hybrid powertrain system for China's truck market. As the dominant supplier of hybrid engines in the Chinese bus market, we strive to introduce best-in-class natural gas-electric engines and diesel-electric hybrid engines to improve fuel efficiency and reduce emissions in many more urban markets across China."
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 2015, GYMCL sold 364,567 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", "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:
Investor Relations
Dixon Chen
Tel: +646-726-6511
Email: cyd@bluefocus.com
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