Weichai Lovol Intelligent Agriculture

Founded in 1998, Weichai Lovol has 11,000 employees and has produced and sold over 6 million units of various machinery since its establishment, contributing more than 20% to the overall mechanization of China's grain production process, providing important equipment support for national food security. Actively responding to the national "Belt and Road" initiative, Weichai Lovol continues to accelerate its global development pace, establishing over 500 marketing service channels in more than 120 countries overseas, forming a global network system, with cumulative sales of over 150,000 units of various products. Among them, the export market share of large and medium-sized tractors reaches 30%. On January 6, 2021, Weichai Group officially completed the strategic restructuring of Lovol Heavy Industry. After the restructuring, Weichai Lovol officially entered a new stage of development. Adhering to technological innovation and accelerating breakthroughs in core technologies, relying on Weichai Group's advantages in new technology fields such as electronic control, new energy, CVT powertrain, and intelligent driving, Weichai Lovol continuously grasps the core competitiveness of the agricultural equipment industry chain, achieving fruitful results in intelligent agricultural machinery and smart agriculture, and has become an important strategic business unit of Weichai Group. Focusing on high-end agricultural equipment, continuously increasing R&D investment, breaking through frontier technologies in agricultural modernization, and promoting the high-end and intelligent development of products and services, Weichai Lovol's future goal is to build a leading agricultural equipment group, and by 2025, enter the global industry's top tier. :*