China Yuchai, through its main operating subsidiary, Guangxi Yuchai Machinery Company Limited, 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, China Yuchai’s subsidiary, Yuchai Xin-Lan New Energy Power Co. Ltd., will form a joint venture with Beijing Xing Shun Da Bus Co. Ltd. In the Daxing District of Beijing to research and develop fuel cell powertrain systems for on- and off-road applications. The joint venture will also combine their resources and capabilities to advance the development of core fuel cell power system components.

China Yuchai President Mr Hoh Weng Ming commented, “This new hydrogen energy project with Beijing Xing Shun Da further demonstrates our commitment to providing new energy solutions at a time when energy demand is increasing, and climate conditions call for more sustainable solutions.”