- China Yuchai International Limited CYD subsidiary GYMCL stated that the joint venture, Beijing Yuchai Xingshunda New Energy Technology Co., Ltd., has been incorporated in the Daxing District, Beijing, China, with registered capital of RMB 10 million.
- Related: China Yuchai Forms JV To Develop Fuel Cell Powertrain Systems
- The joint venture combines the resources of both Yuchai Xin-Lan New Energy Power Technology Co., Ltd. and Beijing Xing Shun Da Bus Co., Ltd to accelerate the development, manufacturing, and sale of fuel cell powertrain systems.
- Price Action: CYD shares are trading lower by 2.43% at $10.85 on the last check Tuesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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