Weichai Power Co.,Ltd

Date:2011-05-31

Weichai Power Co., Ltd. （HK2338, SZ000338）was founded in 2002 by the main sponsor, Weichai Holding Group Co., Ltd. and qualified domestic and foreign investors. It is the combustion engine company listed in Hong Kong stock market, as well as the company returning to China mainland stock market. In 2021, Weichai’s sale revenue reaches 203.55 billion RMB, and the net income attributable to parent reaches 9.25 billion RMB.

Business
Weichai has always adhered to the operation strategy of product-driven and capital-driven, and is committed to developing products with three core competitiveness: quality, technology and cost. It has successfully built the synergetic development pattern among powertrain (engine, transmission, axle/hydraulics), vehicle and machinery, intelligent logistics and other segments. The Company owns famous brands such as “Weichai Power Engine”, “Fast Gear”, “Hande Axle”, “Shacman Heavy Truck”, and “Linder Hydraulics”.

Industry Base
Key Laboratory of Engine Reliability, National Engineering Technology Research Center for Commercial Vehicle Powertrain, National Industrial Design Center, National Internal Combustion Engine Industry Measurement and Testing Center, Nationally Recognized Enterprise Technology Center, and National Professional Makers’ Space and other state-level R&D platforms. It has established “Post-doctoral Workstation” and other research bases, as well as State Intelligent Manufacturing Demonstration Base. It has also built R&D centers in Weifang, Shanghai, Xi’an, Chongqing, Yangzhou, etc., established cutting-edge technology innovation centers in many places around the world, and set up global collaborative R&D platform to make sure that the technology stays at global leading level.

R & D
Weichai owns the State Key Laboratory of Engine Reliability, National Engineering Technology Research Center for Commercial Vehicle’s Powertrain, National Commercial Vehicle and Construction Machinery New Energy Power Innovation Strategic Alliance, National Professional Makers’ Space, “Academician Workstation”, “Post-doctoral Workstation” and other R&D platforms. The Company has the national intelligent manufacturing model base, as well as established R&D centers in Weifang, Shanghai, Xi’an, Chongqing, Yangzhou, etc. in China, and built cutting-edge technology innovation centers in many places around the world, and set up global collaborative R&D platform to make sure that the technology stays at global leading level.

Services
Weichai has established a service network composed by more than 5,000 authorized maintenance service centers throughout China, and more than 500 overseas maintenance service centers. Weichai products are exported to more than 110 countries and regions.

Honor
In recent years, Weichai has won the First Prize of National Science and Technology Progress Award, China Quality Award, China Trademark Gold Award – Trademark Innovation Award, National Demonstration Base of Enterprise Culture, National Quality Award, China Industry Awards, and Special Prize for Progress in Science and Technology of China Machinery Industry.

Strategy
Become a world leading and sustainably developing multinational group of intelligent industrial equipment with its own core technologies, with vehicle and machinery as the leading business, and with powertrain as the core business.