China Yuchai and Rolls-Royce Systems expand JV operations

China Yuchai (CYD), through its main operating subsidiary in China, Guangxi Yuchai Machinery, announced that Yuchai’s Marine and Genset Power subsidiary and Rolls-Royce’s (RYCEY) Power Systems division signed an agreement to enter into a second phase cooperation and development of their 50/50 joint-venture entity MTU Yuchai Power. MTU Yuchai Power will extend the production and localization of the mtu Series 4000 for both Power Generation and Oil & Gas segments. The joint venture will also undertake the production and sales of the mtu Series 2000 and the Yuchai branded VC series diesel engines to address the rapid growth in domestic and overseas power generation markets, with its second phase scheduled to commence mass production and operation in the second half of 2025.