SINGAPORE, August 28, 2014 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), announced today that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), has supplied approximately 85% of the engines used in the over 3,000 public transportation vehicles serving the Second Summer Youth Olympic Games (“Youth Olympic Games”) held in Nanjing, China.
GYMCL’s engines at the Youth Olympic Games are either natural gas engines compliant with National 5 emission standards or National 4-compliant diesel engines, which have autonomous control systems.
The Youth Olympic Games is an elite sporting event for young people from all over the world organized by the International Olympic Committee. The sports program is based on that of the Olympic Games, with 28 sports featured in the summer program. Also included is a unique Culture and Education Program (CEP), centered on five themes: the meaning of the Olympics, Social Responsibility, Skills Development, Expression and Well-being, and Healthy Lifestyles.
Mr. Weng Ming Hoh, President of China Yuchai, commented, “The outstanding performance, reliability and safety record of our engines has made us the preferred engine of choice for the Youth Olympic Games. We had supplied engines for other key sporting events in the past and we are proud to continue this trend.”
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 2013, GYMCL sold 500,756 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”, “target”, “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.
For more information, please contact:
Kevin Theiss / Dixon Chen