SINGAPORE, July 23, 2012 /PRNewswire-Asia-FirstCall/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that 80 buses manufactured by the Yutong Bus Group Co., Ltd. running on YC6G260N-40 natural gas engines supplied by Guangxi Yuchai Machinery Company Limited ("GYMCL"), the Company's main operating subsidiary, recently completed their journey from Xining, Qinghai province, to the Tibetan Plateau, meeting the climate requirements for operating at high altitudes. These natural gas engines showcase GYMCL's technical capabilities and product quality leadership in the region. The successful trial of the engine positions GYMCL as a key partner in the ongoing economic development of northwest China.
The YC6G260N-40 engine is a 6-cylinder engine with torque of 980 N.m at 1,400 rpm, which can use either compressed natural gas (CNG) or liquid natural gas (LNG) to power it. It features full-authority electronic controls with robust programming options and advanced diagnostics to optimize engine performance and provides seamless integration with the other components in the engine. It produces ultra-low noise and incorporates a water-cooled exhaust gas turbocharger for higher efficiency and longer service life. The YC6G260N-40 engine is compliant up to National 4 emissions standard.
Mr. Benny Goh, President of China Yuchai, commented, "As previously announced, GYMCL's next focus will be on developing and producing a full portfolio of natural gas powered engines to complement its existing line-up of diesel engines. As a result of past initiatives, we are starting to launch a series of self-developed natural gas engines using our proprietary technologies and robust research and development program. Due to its low emissions and high horse power, many of our natural gas engines have been widely installed in the metro bus market in first-tier cities such as Shanghai and Beijing. Our YC6K natural gas engine which has been tailored specifically for the heavy-duty truck market, features 450-500 horsepower, which is the highest in its class in China. In 2011, we sold approximately 13,000 natural gas engines and we look forward to increasing sales in 2012. The expanding use of our natural gas engines in China's gas rich provinces supports the Chinese government's initiatives to encourage energy conversation and emissions reduction."
About China Yuchai InternationalChina 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 2011, GYMCL sold 510,777 diesel engines and is recognised as a leading manufacturer and distributor of diesel 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," "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 are based on current expectations or beliefs, including, but not limited to, statements concerning the Company's operations, financial performance and condition. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including those discussed in the Company's reports filed with the Securities and Exchange Commission from time to time. The Company 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.
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