CYD - China Yuchai incorporates joint venture subsidiary
China Yuchai International (NYSE:CYD) announced the joint venture, Beijing Yuchai Xingshunda New Energy Technology Co., Ltd. , between its subsidiary Yuchai Xin-Lan New Energy Power Technology and Beijing Xing Shun Da Bus. The JV has been incorporated in the Daxing District, Beijing, China with registered capital of RMB 10M. The JV will combine the resources of both partners to accelerate the development, manufacturing and sale of fuel cell powertrain systems as well as core fuel cell power system components for the Beijing, Tianjin and Hebei markets.
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China Yuchai incorporates joint venture subsidiary