China Yuchai (CYD.US) Surges Over 9% on Delivery of 600 Natural Gas Buses to Mexico

Stock News08-18

China Yuchai International (CYD.US) jumped over 9% on Monday, trading at $31.56. The surge followed the company's announcement that the first batch of buses powered by Yuchai natural gas engines has been delivered to Nuevo León, Mexico, providing a stable and reliable power source for the local public transportation system upgrade.

This initial delivery represents the first shipment under a 600-unit natural gas bus order received in 2024. Currently, 1,400 buses powered by Yuchai natural gas engines are operational in Nuevo León, Mexico, with the total expected to exceed 2,500 units by the end of 2025.

Since first entering the Mexican market, Yuchai's natural gas bus engines have grown from a minimal market share to become the leading player in Mexico's natural gas bus engine market, establishing itself as the preferred supplier for Mexico's bus fleet operations.

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