Yuchai Engines Power Largest Chinese Bus Export Order to Mexico

Rhea-AI Summary

China Yuchai International Limited (NYSE: CYD) announced that its YC6GN natural gas engines will exclusively power 800 Ankai buses shipped to Monterrey, Mexico. This move aligns with Monterrey's initiative to replace traditional buses with environmentally friendly options due to its growing urban population. The YC6GN engine, a 7.8-liter heavy-duty model, complies with Euro V and Chinese National-V emission standards. Previously, these engines performed well in Chihuahua, Mexico, gaining positive feedback from local transportation officials. This order marks a significant step in Yuchai's expansion into global markets.

Positive

• Exclusive supply agreement to power 800 Ankai buses in Monterrey, Mexico, indicating strong demand.
• YC6GN engines are compliant with Euro V and Chinese National-V emission standards, enhancing environmental credibility.
• Proven performance of YC6GN in previous deployments, suggesting reliability and acceptance in the market.

Negative

• None.

SINGAPORE, March 11, 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 GYMCL's YC6GN natural gas engines became the exclusive engine to power 800 Ankai buses that were recently shipped to Mexico. 

These new Yuchai-powered Ankai buses will operate in Monterrey, Mexico, which is the third largest city in Mexico.  With the continuous growth of its urban population, Monterrey is replacing its traditional energy city buses to provide a more environmentally friendly travel solution. Monterrey is also an important industrial and business hub with a number of large Mexican and international companies operating there.  

Prior to this, YC6GN gas engines were already in city bus operations in Mexico, including the Chihuahua Prefecture, and the performance of the engines has been well received by the local transportation department and bus operators.

Designed for on-road applications, the YC6GN is a 7.8-liter heavy-duty engine powered by 6 cylinders and delivers up to 191 horsepower to propel buses up to 12 meters in length.  YC6GN also provides "green energy" solutions in compliance with the Euro V and Chinese National-V emission standards.

Mr. Weng Ming Hoh, President of China Yuchai, commented, "The Yuchai brand continues to penetrate the global commercial vehicle markets with its high-performance bus engines through its large portfolio of diesel, gas and hybrid powertrains."

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
+1-212-510-8922 (new)
+1-212-521-4050 (old)
Email: cyd@bluefocus.com

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SOURCE China Yuchai International Limited

FAQ

What recent order did China Yuchai's YC6GN engines receive?

China Yuchai's YC6GN natural gas engines were selected to power 800 Ankai buses shipped to Monterrey, Mexico.

When was the announcement of the Ankai bus order made?

The announcement was made on March 11, 2022.

What are the emission standards met by YC6GN engines?

The YC6GN engines comply with Euro V and Chinese National-V emission standards.

What is the significance of Monterrey for this engine order?

Monterrey is the third largest city in Mexico and is transitioning to more eco-friendly public transportation solutions.

How many engines did GYMCL sell in 2021?

In 2021, Guangxi Yuchai Machinery Company Limited sold 456,791 engines.