China Yuchai Announces Delivery of 76 Diesel-electric Hybrid Buses Powered by YC6A270-50 Engines
SINGAPORE, July 27, 2017 /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, earlier this month, 76 diesel-electric hybrid buses all powered by GYMCL's YC6A270-50 engines were delivered to Siweimei Motor Transport Co., Ltd. ("Siweimei") in Shenzhen. This is the second large order from Siweimei since its purchase of 110 units at the end of 2016.
The diesel-electric hybrid system used in the buses consists of GYMCL's YC6A270-50 engine, a 7.26-litre diesel engine compliant with China's National V Emission Standards, and a plug-in charging battery.
Siweimei provides private group transport including for tourism operations and was designated as the preferred transporter for the XIX International Botanical Congress presently being held in Shenzhen City. The 76 buses powered by GYMCL's YC6A270-50 engines are being utilized for the conference.
Shenzhen City was the Chinese government's first Special Economic Zone. The city's population has swelled to more than 11 million people.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "Our continued winning streak demonstrates our products' reputation, reliability, and performance to improve fuel efficiency and lower emissions. With the Chinese government's ongoing emphasis on lowering pollution, especially in large cities, the hybrid systems provide an attractive alternative to standard engines."
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 2016, GYMCL sold 320,424 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.
For more information, please contact:
Kevin Theiss
Phone: +1 646-726-6511
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited
