- China Yuchai International Limited CYD, through its primary operating subsidiary, Guangxi Yuchai Machinery Company Limited (GYMCL), has agreed with the Government of Nanning Municipality to research, develop and construct new production capacity for new energy technologies.
- GYMCL has established a wholly-owned subsidiary, Yuchai Xin-Lan New Energy Power Technology Co., Ltd., with registered capital of RMB 500 million, as the primary investment vehicle for the construction of the Yuchai Xin-Lan New Energy Power Project.
- China Yuchai expects the Project to accelerate GYMCL's development of new energy technologies.
- Price Action: CYD shares traded higher by 4.33% at $13.48 on the last check Thursday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
