SINGAPORE, May 21, 2024
/PRNewswire/ -- China Yuchai International Limited (NYSE:
CYD) ("China Yuchai" or the "Company), one of the largest
powertrain solution manufacturers through its main operating
subsidiary in China, Guangxi
Yuchai Machinery Company Limited ("Yuchai"), announced that 50
green energy buses equipped with Yuchai Xingshunda hydrogen fuel
cells debuted at a ceremony in Beijing. Yuchai Xingshunda is a 65%
owned joint venture of Yuchai established in 2022 with Beijing Xing
Shun Da Bus Co., Ltd. for the development, manufacturing and sale
of fuel cell powertrain systems as well as core fuel cell power
system components.
These first 50 Suzhou King Long 12-meter hydrogen fuel cell
buses commenced their commercial operations powered by 30 units of
82kW and 20 units of 125kW Yuchai Xingshunda hydrogen fuel cell
systems. This Yuchai 82kW hydrogen fuel cell system generates an
energy efficiency higher than 43% and enables a service life of
more than 15,000 hours. It is highly suitable for buses, light-duty
trucks, passenger vehicles, construction machinery and other
applications. The Yuchai 125kW hydrogen fuel cell system
features a proprietary metal plate stack to reduce hydrogen
consumption and has an energy efficiency above 45%. Together
with Yuchai's advanced intelligent energy management programs and
algorithms, the 125kW system enables optimal energy distribution
and utilization, improves the overall system performance and
safety, and prolongs the powertrain lifespan to more than 15,000
hours. Yuchai's 125kW hydrogen fuel cell system is designed
for semi-trailers, cargo and dump trucks, passenger cars, and
construction machinery.
These Yuchai new green energy powertrain products are important
to meet the national "double carbon" goal. Compared with
traditional internal combustion engines ("ICE"), hydrogen fuel cell
powertrain systems use the electrochemical reaction of hydrogen and
air to replace the combustion process in traditional ICE vehicles.
These new products have demonstrated many technical
advantages such as high energy efficiency, zero emissions, low
noise, and high-power density. These two hydrogen fuel cell
powertrain systems not only meet the national technical guidance
requirements for hydrogen power, but also source all components and
parts domestically in China.
"Green and low-carbon transportation" is one of the "Top Ten
Actions to Peak Carbon". In recent years, construction of
China's hydrogen energy industry
has developed at an accelerated rate. While continuing to
develop reliable and leading traditional power engines, Yuchai has
also embraced investments in new energy powertrain development.
Using Yuchai Xin-Lan New Energy Power Technology Co., Ltd as a
platform, Yuchai promotes strategic cooperation to strengthen core
competences, and build expertise in creating new energy systems for
a wide range of operating scenarios.
Mr. Weng Ming Hoh, President of
China Yuchai, said, "China's
hydrogen energy and fuel cell industry are poised to enter a period
of accelerated growth. These 50 hydrogen buses commencing operation
are the first product implementation of Yuchai Xingshunda's core
technologies in the marketplace."
About China Yuchai International
China Yuchai, through its subsidiary, Guangxi Yuchai Machinery
Company Limited ("Yuchai"), 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.
Yuchai also produces diesel power generators. The engines
produced by Yuchai range from diesel to natural gas and hybrid
engines. Through its regional sales offices and authorized
customer service centers, Yuchai distributes its engines directly
to auto OEMs and retailers and provides maintenance and
retrofitting services throughout China. Founded in 1951,
Yuchai 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 2023, Yuchai sold 313,493 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 China Yuchai group of entities' operations,
financial performance and condition are based on current
expectations, beliefs and assumptions which are subject to change
at any time. China Yuchai 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
China Yuchai'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 they are made and China Yuchai
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.
For more information:
Investor Relations
Kevin Theiss
Tel: +1-212-510-8922
Email: cyd@bluefocus.com
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SOURCE China Yuchai International Limited