China Yuchai's Gas and Electric Hybrid Engines Used in New Buses in Hebei Province
China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), has sold 298 units of its YC6J gas and electric hybrid engines to the Baoding Bus Company in Hebei Province.
The Baoding Bus Company is the first company in Baoding City to operate buses using GYMCL's gas and electric hybrid engines ("Engine"). One hundred and fourteen buses fitted with this Engine were delivered to the Baoding Bus Company in March 2013 and the remaining buses are scheduled to be delivered in April 2013. Baoding City which connects to the southern side of Beijing, is located in the central part of Hebei Province and has a population of almost 11 million.
The hybrid YC6J medium-duty engine was launched in October 2010 and is primarily intended for use in public buses and coaches of between 8-11 meters in length. The battery-powered motors in the hybrid buses significantly reduce fuel consumption and emissions. The YC6J engine previously compliant only with National IV emission standards have been upgraded to meet the National V emission standards. A 24/7 remote tracing and diagnostic service is provided for each engine supplied by GYMCL to the Baoding Bus Company in order to ensure optimal performance.
Benny H. Goh, President of China Yuchai, commented, "Our gas and electric hybrid engine was specifically designed for use in crowded urban environments such as Baoding City. This engine consumes less fuel and generates lower emissions than standard engines, which are tremendous advantages for urban bus operators. This order from the Baoding Bus Company is a further validation of our strategy to provide diversified solutions to meet the changing requirements of our customers and support the Chinese government's drive to reduce emissions and conserve the environment. Our innovation in engine technology continues to position us as a leading engine supplier to the bus market in China."
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 array of light-duty, medium-sized and heavy-duty diesel engines for construction equipment, trucks, buses and cars in China. GYMCL also produces diesel power generators, which are primarily used in the construction and mining industries. Through its regional sales offices and authorized customer service centers, the Company distributes its diesel 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 2012, GYMCL sold 431,350 diesel engines and is recognized as a leading manufacturer and distributor of diesel engines in China. For more information, please visit http://www.cyilimited.com.