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Company Profile

Weichai Holding Group Co., Ltd. (hereinafter referred to as Weichai Group) was founded in 1946, with 100000 employees worldwide. Its operating income in 2021 exceeded 300 billion yuan, ranking 86th among the top 500 Chinese enterprises and 31st among the top 500 Chinese manufacturing enterprises.
Weichai Group is a leading multinational industrial equipment group in China and has an important influence in the world. It has business segments such as power systems, commercial vehicles, agricultural equipment, engineering machinery, intelligent logistics, marine transportation equipment, etc. Its subsidiaries are located in Europe, North America, Asia and other regions, and its products are exported to more than 110 countries and regions. It owns 8 listed companies and 10 stocks at home and abroad, including Weichai Power (2338. HK; 000338. SZ), Weichai Heavy Machinery (000880. SZ), Asian Star Bus (600213. SH), German Kaiao (KGX. F), Italian Faraday (9638. HK).
Weichai attaches great importance to scientific and technological innovation, and has national research and development platforms such as the National Key Laboratory of Internal Combustion Engines and Power Systems, the National Fuel Cell Technology Innovation Center, the National Internal Combustion Engine Product Quality Inspection and Testing Center, the National Internal Combustion Engine Industry Measurement and Testing Center, the National Commercial Vehicle Powertrain Engineering Technology Research Center, the National Industrial Design Center, the National Certified Enterprise Technology Center, and the National Specialized Maker Space, There are "postdoctoral workstations" and other research bases, as well as a national intelligent manufacturing demonstration base. It has set up research and development centers in Weifang, Shanghai, Xi'an, Chongqing, Yangzhou and other places in China, and has set up cutting-edge technology innovation centers in many places around the world. It has set up a global collaborative research and development platform to ensure that the technological level of enterprises always keeps pace with the world's leading edge.
Weichai adheres to the international development strategy and has created a coordinated industrial layout in the world, ranking 18th among the top 100 Chinese multinational companies in 2022, with a transnational index of 39.06%, which has become an important business card of China's equipment manufacturing industry in the world. In 2004, Weichai Power was listed in Hong Kong, becoming the first listed company in China's internal combustion engine industry in Hong Kong, and opening the way for capital internationalization. In 2005, Weichai Power merged Hunan Torch Automobile Group, creating a heavy truck gold industry chain (Weichai Engine+Fast Transmission+Hande Axle+Shaanxi Automobile Heavy Truck), and then merged Hunan Torch through stock exchange, returning from H shares to A shares, creating the "Weichai Model" in the capital market. Since 2009, Weichai has successively acquired the French Bodouan Engine Company with a history of 100 years, strategically restructured the luxury yacht manufacturing company Faraday Group of Italy, cooperated with the industrial forklift and service provider Kaiao Group of Germany, acquired Linde Hydraulic of Germany and realized the localization, and supported Kaiao Group to acquire the automatic logistics provider Dematic of the United States, Strategic investment in alternative fuel power system supplier PSI of the United States, solid oxide fuel cell supplier HILIS of the United Kingdom and hydrogen fuel cell supplier Ballard of Canada, strategic restructuring of German Odyssey Company, Austrian Weidis Company, and Swiss Swiss-fast fuel cell air compressor company, achieving strategic business coverage and balanced development. At the same time, Weichai has established production bases in India and other places by means of technology export and capacity cooperation, realizing the landing of localized manufacturing. In January 2021, Weichai strategically restructured Lovol Heavy Industries, accelerated the promotion of China's agricultural mechanization and intelligence, and led China's agricultural equipment to the high-end.
At the same time of rapid development, Weichai has been exemplary in fulfilling its social responsibilities, actively engaged in public welfare activities and philanthropy, and made positive contributions to voluntary services, poverty alleviation and disaster relief, donation and education, and established a good image. Weichai vigorously advocates energy conservation, emission reduction and green production, continues to promote industrial transformation and upgrading, and mutually beneficial and win-win development with the upstream and downstream of the industrial chain, and shares development achievements with all sectors of society.
Weichai's rapid development has been fully recognized by all sectors of society. It has successively won the honorary titles of National Civilized Unit, National Advanced Grassroots Party Organization, Typical Enterprise of Independent Innovation, National Innovative Enterprise, China Quality Award, China Trademark Gold Award • Trademark Innovation Award, China Industry Award, National Enterprise Culture Demonstration Base, National Quality Award, and won 8 national science and technology awards, including 2 first prizes of National Science and Technology Progress Award.
Weichai has formed a unique corporate culture with the mission of "green power, international Weichai" and the purpose of customer satisfaction. Weichai's strategic goal is to stabilize its traditional business at the world-class level in 2025 and lead the development of the global industry in 2030; The revenue will reach US $100 billion by 2025 and 1 trillion yuan by 2030; The core business of each main business has entered the top three in the world, and has steadily ranked in the top 150 of the world's top 500, creating a respected multinational group of intelligent industrial equipment.

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Address: 197 Fushou East Street, Kuiwen District, Weifang City, Shandong Province

Website: https://www.weichai.com/