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
Tel: +1-646-726-6511
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited