China Yuchai Delivers China's First Gas-electric Hybrid System for the Truck Market
SINGAPORE, Aug. 29, 2016 /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 it has successfully introduced China's first gas-electric hybrid powertrain system.
At the recent Xinjiang International New Energy Vehicle and Electric Car Exhibition in Urumqi, Dongfeng Motor Corporation and GYMCL jointly debuted China's first gas-electric hybrid truck. The new parallel hybrid system and gas engine powertrain, attracted great attention as the gas rich provinces in western China have been actively seeking more economic fuel solutions to address their growing transportation needs. With this newly developed plug-in truck application, GYMCL demonstrated its ability to go beyond its plug-in hybrid engine for the bus market where it currently dominates in China.
In addition, 40 hybrid 8.5 metres buses installed with GYMCL's light-duty YC4G engines were recently delivered to the Chongqing Pengshui public transportation company. Out of the 40 engines, 30 units were hybrid drive and the remaining units were gas-electric hybrid. Notwithstanding the development of new- energy buses, hybrid engines are still the preferred choice in Chongqing and GYMCL's engines, recognized for their high quality and performance, is the flagship product in Chongqing's hybrid bus market.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "With this new plug-in gas-electric hybrid propulsion system, we significantly enhanced our market position in the hybrid engine market. More encouragingly, we have successfully extended our technology solutions from our current application in the bus market to the much larger addressable truck market in China, the largest truck market in the world. As we develop additional models to meet the needs of different truck types, especially in the urban logistics and special vehicle areas, we see new areas for potential growth. This new hybrid system is another important milestone achieved through our research and development efforts."
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 2015, GYMCL sold 364,567 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.
For more information, please contact:
Investor Relations
Dixon Chen
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SOURCE China Yuchai International Limited
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