SINGAPORE, Oct. 31, 2018 /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 launched 10 new off-road engines compliant with the Tier 4 emission standards at the recent Yuchai Off-road Power Strategy Conference in Wuhan, Hubei Province. This launch signifies that Yuchai has completed its strategic deployment of its National VI engines for the on-road and Tier-4 compliant engines for off-road markets. Yuchai's product roll-out is on track with the Chinese government's Action Plan for its Blue Sky Protection Initiative.
The Chairman of the China Internal Combustion Engine Industry Association, the General Secretary of the China Construction Machinery Association, Deputy Secretary of the China Association of Agricultural Machinery Manufacturers, senior officials of the Ministry of Agriculture and Rural Affairs, as well as 118 leading construction and agricultural equipment OEM producers and agricultural equipment manufacturers such as Guangxi Liugong, Shangdong Lingong, Zoomlion and Lovol Heavy Industry were in attendance. 194 distributors also attended this event. Senior executives from Yuchai and representatives from Lovol Heavy Industry and Bosch Fuel System made key note speeches during the press conference.
The 10 off-road engines Yuchai unveiled at the press conference not only met the forthcoming national standard Tier 4 for the off-road segment, but they also feature the best-in-class powertrain systems and fuel efficiency with fully upgraded NVH features. These engines are designed to meet the versatile demands of customers in the agricultural machinery and industrial equipment markets.
Co-developed with German, Austrian and British engine design houses FEV, AVL and Ricardo, respectively, Yuchai's new off-road engine portfolio include the A, F, K series: the YCA05-T40, YCA07-T40 and YCA08-T40 models are medium- to heavy-duty engines; the YCF36-T48 and YCF36-T40 models are light-duty engines; the YCK09-T40, YCK11-T40, YCK13-T40, YCK15-T40 and YCTD20-T40 models are heavy-duty engines. Ranging from 40-950 horsepower, these engines are designed for various applications for construction machinery such as loaders, excavators, forklifts, air compressor, drillers and agricultural machinery such as tractors, wheat and rice harvesters and more.
For loaders and excavators under 30 tons, forklifts below 5 tons, and tractors in the range of 40 to 70 horsepower, Yuchai also introduced the YCR24, YCF27 and YCF30 model light-duty engines. For the bigger models and mining equipment, the heavy-duty products YCK09, YCK11, YCK13, YCK15 and YCTD20 were introduced.
These Yuchai Tier-4 products not only meet the more stringent emission standard, but also promise upgraded performances, increased warranty and enhanced durability, with extended service interval. Horsepower and torque have been increased from their Tier-3 predecessors, with industry-leading low noise levels and high-combustion low- friction technologies to reduce fuel consumption by approximately 3-5%. New material and advance noise reduction technology will improve the NVH and suitability of the engine. In addition, smart software systems will enable problem alerts and remote diagnostics, and after-treatment integration.
Weng Ming Hoh, President of China Yuchai, commented," Our new advanced off-road engines are applicable to all types of agricultural equipment and engineering machinery to meet the diverse needs of different customers. We are practicing the "green development and harmonious win" business philosophy implemented by the Central Committee of the State Council to achieve China's Blue Sky initiatives.
"This new series of 10 off-road engines complement our 14 new on-road engines that are compliant with the upcoming National VI standards. With these two new series of engines, we present the first comprehensive portfolio of advanced engines that meet the next-generation on-road and off-road emission standards in China," Mr. Hoh concluded.
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 2017, GYMCL sold 367,097 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 the Company's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. 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 such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in the Company'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 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.
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Kevin Theiss
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