SINGAPORE, April 20, 2018 /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 800 buses manufactured by Anhui Ankai Automobile Co., Ltd. and powered by GYMCL engines were recently exported to Saudi Arabia.
GYMCL was the sole supplier for the heavy-duty engines to propel these 800 buses, 600 of which were installed with YC6MK engines, which are 6-cylinder turbocharged diesel engines with a displacement of 10.34 liters. The remaining 200 buses were equipped with GYMCL's heavy-duty diesel engine model YC6L, which is a compact, lightweight designed 6-cylinder turbocharged engine with a displacement of 8.42 liters.
Anhui Ankai Automobile Co., Ltd. is a Chinese automotive manufacturing company headquartered in Hefei, Anhui which specializes in the production of buses and coaches.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "This large order is another testament to the excellent reputation of our engines for their performance and reliability supported by our international service capabilities. We are strategically positioned to showcase Yuchai engines to the world. As growth continues, our broad line of advanced engines provides the diversity to meet the power requirements throughout the Saudi Arabian 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 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 2017, GYMCL sold 367,097 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.
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SOURCE China Yuchai International Limited