SINGAPORE, May 17, 2022 /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 the city of Macau has begun operating 222 new energy buses equipped with Yuchai's range extenders. More than 600 units of Yuchai's core range extenders have been ordered for the Macau auto market.
Yuchai's range extenders feature the advantages of seamless integration, advanced fuel savings, superior reliability, and high adaptability, which can meet the power demands of different vehicles in various road conditions. Yuchai's YCS04-100kW and YCY24-65kW range extenders used in these buses in Macau are the core range extender products of GYMCL.
The fuel consumption of these buses powered by Yuchai's range extenders is up to 4.20kW·h/L per liter, outperforming similar traditional buses in Macau, with a fuel saving of up to 50% and an annual carbon emission reduction of 50%. Compared with traditional vehicles, a new energy bus with range extenders can save nearly 14.2 tons of fuel per year, and reduce carbon emissions by about 43.8 tons.
The Yuchai core range extenders have won contracts from many first-tier domestic bus producers including Yutong Bus, Suzhou Golden Dragon Bus, and Zhongtong Bus.
Weng Ming Hoh, President of China Yuchai commented, "The congested road conditions in Macau and rapidly rising fuel cost presents an opportunity for our range extenders. We are pleased to win this contract and will continue to introduce new range extender products to offer our customers a choice of "Green" solutions."
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, GYMCL 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 2021, GYMCL sold 456,791 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's and the joint venture's 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. Among others, if the COVID-19 pandemic is not effectively and timely controlled, our business operations and financial condition may be materially and adversely affected due to a deteriorating market for automotive sales, an economic slowdown in China and abroad, a potential weakening of the financial condition of our customers, or other factors that we cannot foresee. 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
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Email: cyd@bluefocus.com
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