China Yuchai Restructures Marine and Power Genset Subsidiaries

China Yuchai International Limited (NYSE: CYD), 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 GYMCL's wholly owned subsidiary, Guangxi Yuchai Deyou Engine Systems Co., Ltd., and its 50% owned subsidiary, MTU Yuchai Power Company Limited, have been transferred to GYMCL's wholly owned Guangxi Yuchai Marine and Genset Power Co., Ltd. subsidiary.

 

Guangxi Yuchai Deyou Engine Systems Co., Ltd., specializes in sales and marketing marine and power generation units.  MTU Yuchai Power Company Limited, a 50-50 joint venture between GYMCL and Rolls-Royce Solutions GmbH (formerly known as MTU Friedrichshafen GmbH), mainly produces the high-end, high-speed, high-power MTU Series 4000 engines which are power generators with marine applications.

 

This restructuring consolidates GYMCL's marine and power genset operations into a larger operating unit with a more comprehensive product line and service portfolio.

 

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, GYMCL 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 2021, GYMCL sold 456,791 engines and is recognized as a leading manufacturer and distributor of engines in China.