China Yuchai International Limited (CYD), Thursday announced a strategic agreement with Kim Long Motor Hue, a subsidiary of FUTA Group, to help with technology licenses, component supply and related support, and services for the construction of an engine factory at a designated site in Vietnam.
As part of the deal, Yuchai will provide technical services for equipment installation and commissioning at Kim Long Motor's expense. Additionally, it will also supply all engine assembly parts and service kits for these engines manufactured by Kim Long Motor in Vietnam.
Currently, Yuchai's stock is climbing 38.11 percent, to $21.50 on the New York Stock Exchange.
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