SINGAPORE, September 23, 2014 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced that the Company's main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), has supplied the first units of its new YC4FA130-50 light-duty diesel engines compliant with National V emission standards, for transit buses in Shanghai.
The YC4FA130-50 engines are 4-cylinder, four-stroke, light-duty diesel engines. This new diesel model expands the Company's portfolio of diesel engines that are compliant with the stricter National V emission standards which were implemented in the major cities of Beijing and Shanghai in 2013 and 2014 respectively.
The new engines are to be used in the model SXC6720G5 transit buses produced by Shanghai Wanxiang Automobile Co., Ltd. ("Shanghai Wanxiang"). Founded in 1985, Shanghai Wanxiang designs, manufactures and sells a variety of transit, tour, electric and hybrid buses with an annual capacity of approximately 5,000 units. Beginning in 2006, Shanghai Wanxiang entered into a joint venture with Zyle Daewoo Bus Corporation, a bus manufacturer headquartered in South Korea, to build advanced buses.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "Our new light-duty diesel engine meets the need for an innovative engine that is both fuel-efficient and eco-friendly to propel transit buses in heavily populated areas. With major cities like Beijing and Shanghai implementing increasingly stringent emissions, new solutions are urgently needed to improve the environment. Our new National V-compliant bus engine will extend our leadership in emissions technology, and help us capture additional market share in the bus market."
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 diesel 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
