China Yuchai Forms JV to Develop Fuel Cell Powertrain Systems

Pursuant to the agreement, Beijing Xing Shun Da Bus Co., Ltd. and Yuchai Xin-Lan will form a joint venture in the Daxing District of Beijing to research and develop and manufacture fuel cell powertrain systems for on- and off-road applications.

The joint venture partners will also combine their resources and capabilities to advance the development of core fuel cell power system components.

Mr. Weng Ming Hoh, President of China Yuchai, commented, "This new hydrogen energy project with Beijing Xing Shun Da further demonstrates our commitment to providing new energy solutions at a time when energy demand is increasing, and climate conditions call for more sustainable solutions."