China Yuchai International Introduces Hybrid Engine to Focus on Chinese Bus Market
09 November 2007 - 1:00PM
PR Newswire (US)
SINGAPORE, Nov. 9 /Xinhua-PRNewswire-FirstCall/ -- China Yuchai
International Limited (NYSE: CYD; "China Yuchai" or the "Company"),
the leading manufacturer and distributor of diesel engines in
China, today announced its latest R&D innovation -- a hybrid
ISG engine specifically designed for urban transportation buses,
and exhibited at the recent 4th China-ASEAN Expo. The hybrid
engine, which has been widely recognized as a major technological
development for energy conservation and emission reduction, is
becoming a general trend for global automotive engine design and
technology advancement. In response to generally low speeds, heavy
loading and frequent stops in Chinese urban transportation markets,
Yuchai has developed China's first hybrid engine system based on
single-axle parallel ISG technology. This new technology consists
of an electrically-controlled diesel engine, 4 quadrant motor and
control system, power source management system, high-power safety
system, power-train control system and vehicle communication
system. The entire system is self-developed with intellectual
property (IP) protected technology. The hybrid engine research
program was initiated by the Yuchai Institute of Engineering and
China Jiaotong University jointly in early 2005. Dr. Bing Zuo, Vice
Principal of Yuchai Institute of Engineering, said, "Our ISG Hybrid
Power Technology has passed its initial in-vehicle functional
tests. This diesel-electric hybrid system is the first innovation
we developed for the urban bus power-train market. Our 4-cylinder
hybrid engine can generate similar acceleration, but outperform the
traditional 6-cylinder engine by reducing fuel consumption by
nearly 20%." About China Yuchai International China Yuchai
International Limited, through its subsidiary, Guangxi Yuchai
Machinery Company Limited ("Yuchai"), engages in the manufacture,
assembly, and sale of a wide array of light-duty, medium-sized and
heavy-duty diesel engines for construction equipment, trucks,
buses, and cars in China. Yuchai also produces diesel power
generators, which are primarily used in the construction and mining
industries. With over 30 regional sales offices and 460 authorized
customer service centers, the Company distributes its diesel
engines directly to auto OEMs and retailers and provides
maintenance and retrofitting services throughout China. Founded in
1951, Yuchai has established a reputable brand name, strong
research & development team and significant market share in
China with high-quality products and reliable after-sales support.
In 2006, Yuchai sold approximately 284,000 diesel engines and was
consistently ranked No. 1 in unit sales by China Association of
Automobile Manufacturers. The Company's headquarters are based in
Singapore, Singapore. For more information, please visit
http://www.hlcorp.com.sg/cyi . About China-ASEAN Expo Initiated by
Wen Jiabao, the Premier of China, China-ASESN Expo was organized to
enhance China-ASEAN comprehensive economic cooperation, promote the
building of China-ASEAN Free Trade Area, and create mutual benefits
and common prosperity. The China-ASEAN Expo focuses on regional
economic and trade cooperation and provides tremendous
opportunities for the business communities within the region.
China-ASEAN Expo was welcomed by the ASEAN leaders and attracted
many top companies from Brunei, Cambodia, Indonesia, Lao, Malaysia,
Myanmar, Philippines, Singapore, Thailand, Vietnam, Hong Kong and
China. The 4th China-ASEAN Expo and the 4th China-ASEAN Business
and Investment Summit were held on Oct. 28-31, 2007 in Nanning,
Guangxi Province, China. Safe Harbor Statement This news release
contains forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The words
"believe," "expect," "anticipate," "project," "targets,"
"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 could
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. For this purpose, statements
that are not statements of historical fact may be deemed to be
forward-looking statements. 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
update the forward-looking information in the future. For more
information, please contact: Kevin Theiss / Dixon Chen The Global
Consulting Group Tel: +1-646-284-9409 Email: DATASOURCE: China
Yuchai International Limited CONTACT: Kevin Theiss, ; Or Dixon
Chen, , both of The Global Consulting Group, +1-646-284-9409 Web
Site: http://www.hlcorp.com.sg/cyi
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