SINGAPORE, Nov. 22, 2017 /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 GYMCL has received its first order from Beijing Automotive Group Co., Ltd. ("BAIC Group") for 600 YC4Y20 engines that will be used to power BAIC Group's Beiqi B40L SUVs that will be launched in China in January 2018.
The order is a result of a joint development and cooperation agreement entered in 2015 between GYMCL and BAIC Group. The Beiqi B40L SUV is a longer, four-door version of the BAIC BJ40 SUV. The YC4Y20 engine is a 4-cylinder, 1.8- to 2.2-litre diesel engine and is rated at 90 to 150 horse power. It is compliant with China's National V emission standards and is designed to propel lighter vehicles.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "This order signifies an important step for our engine portfolio and in our desire to meet the needs of the passenger vehicle market in China. China's passenger vehicle market is the world's largest and continues to grow. We will continue to broaden the application of our engines to attract a larger customer base and create more growth opportunities."
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 2016, GYMCL sold 320,424 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
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