SINGAPORE, Aug. 27, 2024 /PRNewswire/ — China Yuchai Global Restricted (NYSE: CYD) (“China Yuchai” or the “Company”) one of the vital greatest powertrain answer producers thru its primary working subsidiary in China, Guangxi Yuchai Equipment Corporate Restricted (“Yuchai”), these days introduced that Yuchai Equipment Energy Device (Thailand) Co., Ltd. (“Yuchai Thailand”) commenced manufacturing operations as the primary K08 engine from the Thailand manufacturing facility rolled off the manufacturing series and used to be dropped at its buyer. Senior executives from Foton Motor, SANY, Zoomlion, and Liugong attended the graduation of manufacturing.
Yuchai Thailand will basically put together a space of diesel engines, herbal gasoline engines, unused power energy merchandise and alternative merchandise. Numerous line of Yuchai merchandise might be manufactured and the primary team of goods come with the K08, S06 and S04 line of engines. Annual manufacturing capability will start at 5,000 gadgets and can make bigger to satisfy hour marketplace call for.
Yuchai’s globalization has been accelerating over the year decade because of the rising cooperation between China and ASEAN nations. Yuchai’s direct and oblique export quantity to ASEAN nations has higher to greater than 20,000 gadgets according to age, accounting for a massive proportion of Yuchai’s out of the country gross sales.
Yuchai Thailand additional strengthens Yuchai’s alliances with noteceable companions akin to Foton Motor, complements product competitiveness, and will increase penetration into the Southeast Asian markets.
Mr. Weng Ming Hoh, President of China Yuchai, commented, “Yuchai Thailand is an important stepping stone to increase Yuchai’s share of the ASEAN markets, solidify our partnerships with OEM customers and enhance our foundation for greater global growth.”
About China Yuchai Global
China Yuchai Global Restricted, thru its subsidiary, Guangxi Yuchai Equipment Corporate Restricted (“Yuchai”), engages within the build, meeting, and sale of all kinds of light-, medium- and heavy-duty engines for vehicles, buses, passenger cars, development apparatus, marine and agriculture packages in China. Yuchai additionally produces diesel energy turbines. The engines produced through Yuchai space from diesel to herbal gasoline and hybrid engines. Thru its regional gross sales workplaces and certified customer support facilities, Yuchai distributes its engines immediately to auto OEMs and shops and gives upkeep and retrofitting services and products right through China. Based in 1951, Yuchai has established a credible emblem identify, sturdy analysis and building staff and demanding marketplace proportion in China with high quality merchandise and valuable after-sales help. In 2023, Yuchai offered 313,493 engines and is identified as a eminent producer and distributor of engines in China. For more info, please talk over with http://www.cyilimited.com.
Cover Harbor Observation:
This information reduce would possibly comprise forward-looking statements inside the which means of the Non-public Securities Litigation Reform Office of 1995. The phrases “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or related expressions are meant to spot forward-looking statements. All statements alternative than statements of historic reality are statements that can be deemed forward-looking statements. Those forward-looking statements together with, however now not restricted to, statements regarding China Yuchai team of entities’ operations, monetary efficiency and status are in line with wave expectancies, ideals and guesses which can be topic to modify at any life. China Yuchai cautions that those statements through their nature contain dangers and uncertainties, and original effects would possibly range materially relying on various noteceable elements akin to executive and secure trade rules, pageant, political, financial and social situations all over the world and in China together with the ones mentioned in China Yuchai’s Mode 20-Fs below the headings “Risk Factors”, “Results of Operations” and “Business Overview” and alternative stories filed with the Securities and Alternate Fee from life to life. All forward-looking statements are acceptable most effective as of the presen they’re made and China Yuchai in particular disclaims any legal responsibility to guard or replace the forward-looking knowledge, whether or not of the character contained on this reduce or another way, going forward.
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SOURCE China Yuchai Global
