SINGAPORE, Oct. 20,
2023 /PRNewswire/ -- China Yuchai International
Limited (NYSE: CYD) ("China Yuchai" or the "Company"), one of
the largest powertrain solution manufacturers through its main
operating subsidiary in China,
Guangxi Yuchai Machinery Company Limited ("GYMCL"), today announced
that Yuchai Xin-Lan New Energy Power Technology Co., Ltd.
("Yuchai Xin-Lan"), has introduced a
350-horsepower hybrid electric drive continuously variable
transmission ("hybrid CVT") powertrain system for a tractor.
Yuchai Xin-Lan is a subsidiary of
GYMCL. As one of the domestically developed large-size hybrid
systems in China, Yuchai Xin-Lan's 350-horsepower hybrid CVT
powertrain has already drawn interest from potential agricultural
and industrial equipment OEM customers.
Equipped with Yuchai Xin-Lan's
proprietary hybrid powertrain technology, the new tractor was
independently developed and produced by Liugong Agricultural
Machinery, the farming equipment division of global construction
equipment powerhouse, Liugong Machinery ("Liugong").
This Liugong tractor, which is designed for heavy-duty workload
environments, also features a full-frame body structure,
independent dual-electric-motor continuously variable chassis, full
electronic control system, automatic navigation system, intelligent
heat dissipation system, and an intelligent energy management
system.
Mr. Weng Ming Hoh, President of
China Yuchai, said, "We are thrilled that this new tractor sets
another technology milestone for Yuchai
Xin-Lan. We expect our Liugong partnership to expand to
more projects with further cooperation in new product research and
development, improvements in quality assurance, and enhancements in
aftermarket services. We are committing our robust research and
development programs to the creation of more advanced powertrain
solutions to empower our customers' quest for improved high-end
agricultural equipment."
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 2022, GYMCL
sold 321,256 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
group of entities' 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. 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