Yuchai's Engines Powered Yutong Buses Won Major Contract in Nanjing

Rhea-AI Summary

China Yuchai International Limited (NYSE: CYD) announces the successful delivery of hybrid engines for gas-electric buses produced by Yutong Group Co., Ltd. in Nanjing. These buses, powered by Yuchai's YCA07N model, enhance public transport with low emissions and comfort. More than 1,200 units have been ordered by a long-time customer, highlighting Yuchai's reputation for reliability and performance in the hybrid engine market. The YCA07N engines, with a power range of 190-260 horsepower, also secure orders in major cities, reinforcing Yuchai's market presence.

Positive

• Major order of over 1,200 hybrid buses from a loyal customer.
• Yuchai's YCA07N engines recognized for low emissions and reliability.
• Successful penetration into major cities like Wuhan and Nanjing.

Negative

• None.

SINGAPORE, Jan. 11, 2023 /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 Yuchai's model YCA07N hybrid engines are propelling the 10-meter gas-electric hybrid buses produced by the largest bus producer in China, Yutong Group Co., Ltd. ("Yutong"), and delivered to a bus operating customer in the City of Nanjing. These new buses provide Nanjing residents with a low-emission and comfortable travel experience.

This customer is one of Nanjing's public transportation service providers and has ordered more than 1,200 buses all powered by Yuchai engines. As a loyal user of GYMCL since 2020, the customer was an early adopter of GYMCL's National-VI emission engines and the YCA07N engine equipped with a hybrid system.

Yuchai's YCA07N engine power range covers 190 to 260 horsepower, and propels 8.5 to 10.5 meter natural gas public transit buses, 8.5 to 10 meter natural gas long haul coach buses and 10 to 12 meter hybrid power models. With the advantages of strong power with low consumption, and high reliability and durability, Yuchai's YCA07N has recently won large bus orders in major cities including Wuhan and Nanjing. 

Weng Ming Hoh, President of China Yuchai, commented, "This new order demonstrates that our hybrid engine development can achieve new levels of operating performance, reliability and durability to make them the preferred bus propulsion units in key markets. In addition, the advantages of Yuchai's hybrid engines have been recognized by customers as indicated by being a supplier of these bus engines to Yutong."

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
Tel: +1-212-510-8922
Email: cyd@bluefocus.com  

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SOURCE China Yuchai International Limited

FAQ

What is the latest news about China Yuchai International Limited (CYD) as of January 2023?

China Yuchai announced the delivery of hybrid engines for over 1,200 Yutong buses in Nanjing.

How many hybrid buses did China Yuchai International secure orders for?

China Yuchai secured orders for more than 1,200 hybrid buses.

What is the power range of Yuchai's YCA07N hybrid engines?

Yuchai's YCA07N hybrid engines have a power range of 190 to 260 horsepower.

Who is the customer ordering buses powered by Yuchai engines?

The buses are ordered by a public transportation provider in Nanjing.

What advantages do Yuchai's hybrid engines offer?

Yuchai's hybrid engines are noted for their low consumption, high reliability, and durability.