Yuchai Enters Into Strategic Agreement in Vietnam
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China Yuchai International Limited (NYSE: CYD) has entered into a strategic cooperation agreement with Kim Long Motor, a subsidiary of Vietnam's FUTA Group. The agreement includes technology licenses, component supply, and support for building an engine factory in Vietnam.
February 20, 2025 | 11:15 am
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China Yuchai International Limited has entered into a strategic agreement with Kim Long Motor in Vietnam, which includes technology licenses and support for an engine factory. This could enhance CYD's market presence in Vietnam.
The strategic agreement with Kim Long Motor in Vietnam is likely to expand China Yuchai's market presence and influence in the region. The provision of technology licenses and support for an engine factory indicates a significant business development, which could positively impact CYD's stock price in the short term.
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