China Yuchai Invests in RMB 1 Billion Fund for Engine and New Energy Innovation
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China Yuchai International Limited has invested RMB 333 million in the Guangxi Yuchai Double Growth Fund, which totals RMB 1 billion. This fund, established with two governmental entities and China Merchants Securities, aims to support innovative solutions in engine-related and new energy technologies through equity investments. The investment will be made in three tranches based on the fund's progress.
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