Skip to main content
NewslettersWatchlist

China Yuchai International(CYD-N)
NYSE

Today's Change
Real-Time Last Update Last Sale Cboe BZX Real-Time

China Yuchai Forms Joint Venture in Beijing to Develop Fuel Cell Powertrain Systems

PR Newswire - Wed Oct 20, 2021

SINGAPORE, Oct. 20, 2021 /PRNewswire/ -- 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 its subsidiary Yuchai Xin-Lan New Energy Power Technology Co., Ltd. (Yuchai Xin-Lan") has entered into a cooperation agreement to further develop hydrogen energy applications with fuel cell powertrain systems in the Beijing, Tianjin and Hebei markets. 

Pursuant to the agreement, Beijing Xing Shun Da Bus Co., Ltd. ("Beijing Xing Shun Da") and Yuchai Xin-Lan will form a joint venture in the Daxing District of Beijing to research and develop and manufacture fuel cell powertrain systems for on- and off-road applications. The joint venture partners will also combine their resources and capabilities to advance the development of core fuel cell power system components.

Read more at prnewswire.com

Provided Content: Content provided by PR Newswire. The Globe and Mail was not involved, and material was not reviewed prior to publication.

More from The Globe

investor newsletter
A change in market leadership may be imminent. Plus, an index-beating U.S. dividend portfolio strategy
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1, 2024. (AP Photo/Seth Wenig)
globe investor
Tensions rise in Silicon Valley over sales of startup stocks
SpaceX logo and Elon Musk silhouette are seen in this illustration taken, December 19, 2022.
inside the market
How pro money managers are balancing exposure to Canadian and U.S. stocks
Rob Carrick
market news
At the open: North American stock markets rise as rate-cut hopes linger
Traders work on the floor of the New York Stock Exchange (NYSE) on May 3.
market news
The close: Wall Street sharply higher as nonfarm payrolls report strengthens case for rate cuts in both the U.S. and Canada
A trader works inside a booth on the floor of the New York Stock Exchange on May 1.
market news
The close: Major North American indexes higher, led by Nasdaq, amid plethora of mixed earnings
Traders work on the floor at the New York Stock Exchange in New York, Wednesday, May 1.
international business
Trump awarded 36 million more Trump Media shares worth $1.8-billion after hitting price benchmarks
Former President Donald Trump speaks to reporters as he leaves the courtroom for the day at Manhattan criminal court, in New York, U.S., April 30, 2024. Seth Wenig/Pool via REUTERS
market news
The close: Stocks mixed as Fed leaves investors guessing as to when rate cuts will arrive
NEW YORK, NEW YORK - APRIL 29: Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024 in New York City. Stocks opened high Monday morning amid a Federal Reserve rate decision and the monthly jobs report later this week. (Photo by Michael M. Santiago/Getty Images)

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2024.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).