– YC6K1340N Liquid Natural Gas Engine Has 25% Lower Fuel Consumption With the Highest Torque –
SINGAPORE, January 23, 2015 /PRNewswire/ — China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today that a "K-Gold" model C&C truck equipped with the YC6K1340N liquid natural gas ("LNG") engine, has won the "Fuel Efficient Heavy-Duty Truck of the Year 2014" at China’s largest annual commercial vehicle ("CV") event.
The "2014 Commercial Vehicles of the Year" competition was hosted in Beijing by Commercial Motor World Magazine, the leading CV magazine. The event was co-hosted by the Research Institute of Highway Ministry of Transport, the China Automotive Technology & Research Center, the Beijing Institute of Technology, and Tongji, Chang’An and Beihang Universities. Competitors included FAW Jiefang, Sinotruk, Auman Truck, SAIC-IVECO Hongyan and others.
The YC6K13N series of engines are produced by Y&C Engine Co., Ltd. ("Y&C"). Y&C is a joint venture of China Yuchai’s main operating subsidiary, Guangxi Yuchai Machinery Company Limited with Shenzhen City Jiusi Investment Management Co., Ltd. and Jirui United Heavy Industry Co., Ltd, a company jointly established by China International Marine Containers Group Ltd. and Chery Automobile Co., Ltd.
The YC6K1340N engine has the largest displacement and highest torque power among comparable natural gas engines in China. By utilizing lean-burn technology, it reduces average energy consumption by approximately 25% compared with diesel engines of similar size and power. The model YC6K1340N is the only engine in China that utilizes the JACOBS in-cylinder brake technology, and has LNG braking power up to 17Kw/L.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "We are pleased that our YC6K13N engine has, once again been recognized as the leader in fuel conservation, emissions control and high performance in its engine category. We continue to invest in research and development to improve our broad portfolio of engines to offer customers advanced solutions in performance, durability, fuel conservation and emissions control. We are committed to being a leader in engine technology 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 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.
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