SINGAPORE, Sept. 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
SOURCE China Yuchai International Limited