Media Resources

NEWS & MEDIA
Press Releases



 
 27 Jul 2018 China Yuchai Creates New Exhaust Emission Control Subsidiary
 

Singapore, July 27, 2018 – China Yuchai International Limited (NYSE: CYD)(“China Yuchai” or the “Company”), announced today the establishment of a new subsidiary, Guangxi Yuchai Exhaust Technology Co., Ltd ("YETC"), to design, produce and sell exhaust emission control systems for Chinese commercial vehicles to meet the highest domestic emission standard, China National VI.

YETC is a wholly owned subsidiary of Guangxi Yuchai Accessories Manufacturing Company Limited ("YAMC"), which is a wholly owned subsidiary of Guangxi Yuchai Machinery Co. Ltd. (“GYMCL”), the Company’s main operating subsidiary. The registered capital of YETC is RMB 62 million, contributed by internal funding.

Background of emission control
The new exhaust emission control systems are so-called combination systems under China National VI – the strictest emission standard for particulates, nitrogen oxide and hydrocarbons. This emission standard corresponds to Euro 6 in Europe and EPA 10 in the USA. China National VI will result in a further reduction of 80% for nitrogen oxides and 66% for particle mass compared to the China National 5 standard.

Dissolution of two subsidiaries
On a separate note, the following two subsidiaries have been deregistered from the Company Registry of the People’s Republic of China by GYMCL:

i. Nanjing Yuchai Machinery Marketing Company Limited
ii. Ningxia Yuchai Machinery Monopoly Co., Ltd.