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China Yuchai and Rolls-Royce Power Systems Expand MTU Yuchai Power's Operations

Aug 13, 2024•almost 2 years ago

Contract Type

partnership

SingaporeManufacturingOil And Gas

Description

China Yuchai's Marine and Genset Power subsidiary and Rolls-Royce's Power Systems division have entered into a second phase of cooperation and development with the joint-venture entity MTU Yuchai Power Company Limited. The agreement extends production and localization of the mtu Series 4000 and the Yuchai branded VC series diesel engines to address growing demand in the power generation and oil & gas segments.

Company Information

Company

China Yuchai International Limited

Location

Singapore

About

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 2022, GYMCL sold 321,256 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.

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Strategic

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months