Singapore, Singapore – January 23, 2018 - China Yuchai International Limited (NYSE: CYD) (“China Yuchai” or the “Company”), a leading manufacturer and distributor of engines for on- and off-road applications in China through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited (“GYMCL”), announced today that it exported a record number of engines to the global market in 2017.
In 2017, GYMCL exported 12,173 units to the global bus market, breaking the 10,000-unit mark for the first time and establishing a record high. Among the units sold, sales of engine models YC6L and YC6MK exceeded 3,000 units, an increase of 64% over the previous year. Natural gas engine export sales grew to more than 2,500 units, an increase of 300% over last year. In addition, over 1,200 engine units were exported for use in the passenger vehicle market, representing a year-on-year increase of 17%.
In supporting the Chinese government’s ‘One Belt One Road’ initiative, the growth of bus sales in international markets has become a priority.
Mr. Weng Ming Hoh, President of China Yuchai, commented, “We are pleased with the export growth achieved in 2017 as the global markets provide another growth avenue for our diversified portfolio of commercial vehicle engines. We have especially leveraged our leading bus engines in China and our global service network to meet the needs of bus companies in foreign markets. We look forward to our exports continuing to grow in the future.”