China Yuchai International Limited ("China Yuchai" or the "Company"), announced today that its main operating subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL") has entered into a new joint venture with Guangxi Skylink Software Technology Co., Ltd ("Guangxi Skylink") to design, develop, manage and market an Electronic Operations Management Platform ("the Platform"). The Platform offers radio-frequency identification capabilities and will enable the owners and operators of vehicles who use the Platform to remotely monitor engine performance and pinpoint vehicle location through GPS tracking.
The Platform will provide instant communication between GYMCL, vehicle operators using its diesel engines and the vehicle owners. In the future, other service providers, customers and vendors will be integrated onto the Platform to conduct marketing and conclude sales which will improve supply chain efficiency.
The new joint venture company ("JV Company") will be located in the High-tech Industrial Development Zone of Nanning, the capital of Guangxi Province. Guangxi Skylink will own 60% of the JV Company with GYMCL taking the other 40%.
GYMCL is responsible for the Platform's engine interfaces, development of technical parameters and analytical techniques, development of the system's terminal and managing its e-commerce capabilities and customer service. Skylink Communications is responsible for the Platform's hardware, servicing the operating system, government relations, securing the physical infrastructure for the joint venture, and running the daily operations of the Platform.
Benny Goh, President of China Yuchai, commented, "The Platform is the next generation of technology enabling communications within the vast Chinese transportation industry. Through this platform, we can remotely monitor the location of our engines, supervise real-time engine performance and conduct analytical diagnostics on any engine within the system. We and our customers will be able to use the Platform to better manage our supply chain operations. In the future, vehicle operators will be able to receive new instructions via our internet connectivity and order equipment through our marketing channels enabling faster and more efficient service.
"A number of potential customers have expressed interest in trying out this new system and we expect trials to commence later this year. There is an immediate need for this communications platform for the many buses and trucks in China which make up the largest commercial vehicle market in the world," Mr. Goh concluded.