China Yuchai Wins Order to Supply 1,237 Engines to Power Buses in Lhasa

Jan 08, 2016, 06:59 ET from China Yuchai International Limited

SINGAPORE, Jan. 8, 2016 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), has won a competitive bid for the supply of 1,237 engines to power buses for the Lhasa Public Transportation Corporation.

The order includes 648 buses by Zhengzhou Yutong Bus Co., Ltd., 270 buses by Suzhou Jinlong Bus Co. Ltd., 164 buses by Xiamen Golden Dragon Bus Co. Ltd, and 155 buses by Foton Auv Bus Co., Ltd. Each bus is equipped with either GYMCL's YC4G or YC4S light-duty diesel engines. These buses are expected to arrive in Lhasa by March 2016 to service the upcoming peak tourist season.

Recently, seven buses equipped with GYMCL engines passed the reliability test in the challenging terrain of the Tibet Autonomous Region earning the stamp of approval from the Ministry of Transport.

In a separate order, one division of the People's Armed Police in the Tibet Autonomous Region ordered 29 buses equipped with GYMCL engines. These buses are scheduled to arrive in Lhasa at the beginning of 2016.

Weng Ming Hoh, President of China Yuchai, commented, "Our engines have jumpstarted the next generation of buses for use in the highland region of China. We continue to expand our market share in that segment thanks to our high quality engines, widespread service network and in-house parts inventory."

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 2014, GYMCL sold 483,825 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit

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