China Yuchai International Limited (a Chinese manufacturer of engines) announced today (20th October) that its subsidiary Yuchai Xin-Lan New Energy Power Technology Co., Ltd. has entered into a cooperation agreement to further develop hydrogen energy applications with fuel cell powertrain systems in Beijing, Tianjin and Hebei markets.
Yuchai Xin-Lan will form a joint venture with Beijing Xing Shun Da Bus Co., Ltd. in the Daxing District of Beijing to research, develop, and manufacture fuel cell powertrain systems for road applications. Both partners will also combine their resources and capabilities to advance the development of core fuel cell power system components.
Last month, the company subsidiary Guangxi Yuchai Machinery Company Limited (GYMCL) agreed with the Government of Nanning Municipality to research, develop and construct new production capacity for new energy technologies, including fuel cell systems, range extenders, hybrid power, electric drive system, etc.
In July this year, China Yuchai entered into a strategic partnership agreement with an electric vehicle bus producer in China, Guangxi Shenlong Automobile Manufacturing. The partnership aimed to develop new energy vehicles based upon China Yuchai’s four new energy powertrain systems, including the ISG power generation powertrain (YC IE-Power), e-CVT power-split hybrid powertrain (YC e-CVT), integrated electric drive axel powertrain (YC e-Axel), and a fuel cell system (YC FCS). Both partners also agreed to leverage each other’s supply chains and distribution networks, especially in international markets, with a focus on entering into the southeast Asian markets.
Yuchai Xin-Lan New Energy Power Technology Co., Ltd is a wholly-owned subsidiary of GYMCL and the main investment vehicle for constructing the Yuchai Xin-Lan New Energy Power Project to accelerate GYMCL’s development of new energy technologies.