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SINGAPORE - MTU Yuchai Power Co., Ltd. has delivered its first batch of mtu Series 2000 engines to customers, China Yuchai International Limited (NYSE:CYD) announced Monday. The company, which has seen its stock surge over 235% year-to-date, continues to strengthen its position as a prominent player in the machinery industry.
The company, a 50/50 joint venture between China Yuchai’s Marine and Genset Power subsidiary and Rolls-Royce’s Power Systems division, has expanded its product line with the new engines manufactured at its Suzhou plant.
According to the company’s press release, the mtu Series 2000 engines are designed for both primary and backup power generation applications. The joint venture has also begun production of mtu Series 4000 S83 oil and gas engines at its Yulin plant.
"High-horsepower engine sales have been a key growth driver," said Weng Ming Hoh, President of China Yuchai.
The joint venture’s existing mtu Series 4000 engines have reportedly exceeded 3,000 units in cumulative production since the venture’s inception, with production increasing annually.
China Yuchai International operates primarily through its subsidiary Guangxi Yuchai Machinery Company Limited, which manufactures engines for various applications including trucks, buses, construction equipment, and marine applications. In 2024, the company sold 356,586 engines.
The Phase II development of MTU Yuchai Power began last year, focusing on expanding the company’s product portfolio and application areas.
In other recent news, China Yuchai International Limited reported a notable 52.2% increase in first-half profit, driven by strong engine sales that outperformed China’s commercial vehicle market. This significant profit growth highlights the company’s robust performance in a competitive industry. Additionally, China Yuchai has started shipping the first batch of high-end cylinder head castings to a German customer. This shipment is part of a larger order for 30,000 castings and was executed through its subsidiary, Guangxi Yuchai Foundry Co., Ltd. These developments reflect the company’s ongoing efforts to expand its international reach and diversify its product offerings.
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