China Yuchai Forms Strategic Partnership with Sunlong Bus to Develop Electric Vehicles
SINGAPORE , June 2, 2021 |PRNewswire| -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today it has entered into a strategic partnership agreement with an electric vehicle ("EV") bus producer in China , Guangxi Shenlong Automobile Manufacturing ("Sunlong"). According to the strategic partnership agreement, China Yuchai and Sunlong will join technologies to develop new energy vehicles based upon China Yuchai''s four new energy powertrain systems including the ISG power generation powertrain ("YC IE-Power"), e-CVT power-split hybrid powertrain ("YC e-CVT"), integrated electric drive axel powertrain ("YC e-Axel"), and a fuel cell system ("YC FCS"). In addition to product development, China Yuchai and Sunlong will leverage each other''s supply chains and distribution networks, especially in international markets, with a focus on entering into the southeast Asian markets. Headquartered in Nanning, Guangxi Province , Sunlong specializes in new energy buses, and logistical vehicle development and production in southern China .
China Yuchai Forms Strategic Partnership with Sunlong Bus to Develop Electric Vehicles
SINGAPORE , June 2, 2021 |PRNewswire| -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") announced today it has entered into a strategic partnership agreement with an electric vehicle ("EV") bus producer in China , Guangxi Shenlong Automobile Manufacturing ("Sunlong"). According to the strategic partnership agreement, China Yuchai and Sunlong will join technologies to develop new energy vehicles based upon China Yuchai''s four new energy powertrain systems including the ISG power generation powertrain ("YC IE-Power"), e-CVT power-split hybrid powertrain ("YC e-CVT"), integrated electric drive axel powertrain ("YC e-Axel"), and a fuel cell system ("YC FCS"). In addition to product development, China Yuchai and Sunlong will leverage each other''s supply chains and distribution networks, especially in international markets, with a focus on entering into the southeast Asian markets. Headquartered in Nanning, Guangxi Province , Sunlong specializes in new energy buses, and logistical vehicle development and production in southern China .