CYD - China Yuchai inks partnership with Sunlong Bus to develop electric vehicles

China Yuchai (CYD) entered into a vital partnership deal with an electric vehicle bus producer in China, Guangxi Shenlong Automobile Manufacturing (Sunlong).As per the terms, China Yuchai and Sunlong will join technologies to develop new energy vehicles based upon China Yuchai's four new energy powertrain systems.In addition to product advancement, China Yuchai and Sunlong will leverage each other's supply chains and distribution networks, especially in international markets, focusing on entering into the Southeast Asian markets.CYD +4% premarket.

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China Yuchai inks partnership with Sunlong Bus to develop electric vehicles