China Yuchai International Ltd. revealed 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 the Beijing, Tianjin and Hebei markets.

Pursuant to the agreement, Beijing Xing Shun Da Bus Co. Ltd. and Yuchai Xin-Lan will form a JV in the Daxing District of Beijing to research and develop and manufacture fuel cell powertrain systems for on- and off-road applications. The JV partners will also combine their resources and capabilities to advance the development of core fuel cell power system components.

"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," said Weng Ming Hoh, President of China Yuchai.