Weichai Power

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Weichai Power company description

Founded in 1946, Weichai Holding Group Co., Ltd. is the core subsidiary of Shandong Heavy Industry Group Co., Ltd. It has developed into a leading multinational industrial equipment group in China with significant global influence. Currently, it has subsidiaries including Weichai Power, Shacman, Weichai Lovol Smart Agriculture, Fast Transmission, Hande Axle, Torch spark plug, Ferretti of Italy, KION of Germany, Hydraulic Transmission of Germany, Dematic of the US, PSI of the US, Baudouin of France and other well-known brands at home and abroad. There are 7 listed companies at home and abroad with 10 stocks. It has 100,000 employees worldwide and an annual revenue of more than 350 billion yuan. The Group’s main business covers seven business segments, including powertrain systems, commercial vehicles, agricultural equipment, construction machinery, intelligent logistics, marine mobility, and energy & power solutions. Its subsidiaries are among Europe, North America, Asia and other regions, and its products are exported to more than 180 countries and regions. Its sales volume of heavy-duty engines and transmission ranks first in the world, industrial forklifts and luxury yachts lead the world, agricultural equipment sales rank first in China, and heavy-duty trucks lead in China. It has national innovation platforms such as the State Key Laboratory of Engine and Powertrain System, the National Technology lnnovation Center for Fuel Cell, the National Commercial Vehicle Powertrain System Assembly Engineering Technology Research Center, the National Industrial Design Center, the National Internal Combustion Engine Industry Measurement and Testing Center, and the National Certified Enterprise Technology Center. Ten frontier innovation centers have been set up in many places around the world, and a global collaborative research and development system has been established.