BEIJING, June 25 (Xinhua) -- Rolls-Royce Power Systems and Guangxi Yuchai Machinery Co., Ltd. have signed an agreement to intensify collaboration in production and sales of the MTU-series diesel engines, according to Rolls-Royce China Tuesday.
The new move aims to better serve high-end Chinese market, according to Julian MacCormac, director of Rolls-Royce Greater China, nothing that it is also an indication of Rolls-Royce's confidence in the Chinese market, investment environment and local partners.
According to the agreement, both sides will expand cooperation in technology, manufacturing, marketing and services, and extend the product application market of diesel engines.
In 2018, the two sides established a joint venture, MTU Yuchai Power, in Yulin, south China's Guangxi Zhuang Autonomous Region. The joint venture specializes in manufacturing MTU engines for power generation applications with an annual capacity up to 1,500 units.
"The strengthened cooperation will create new opportunities, especially in Chinese and Asian markets," said Tobias Ostermaier, president of Rolls-Royce Power Systems Greater China.
"The new move is aligned with Yuchai's long-term development strategy through win-win partnership with global partners," said Yan Ping, chairman of the Yuchai Machinery.
Rolls-Royce Power Systems is a division under British engine manufacturer Rolls-Royce. Some of its engine products are already made in its joint ventures in China, respectively in Suzhou, Yulin and Datong.
As the core subsidiary of Yuchai Group of China, Guangxi Yuchai Machinery Co., Ltd. specializes in manufacturing and assembling engines for highway vehicles, generator sets, constructions, as well as marine and industrial applications. It is also a leading diesel, gas and hybrid engine manufacturer.
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