Weichai Power

Founded in 2002, Weichai Power Co., Ltd. was initiated by the former Weifang Diesel Engine Works as the main sponsor, jointly with domestic and foreign investors. It is China's first enterprise in the internal combustion engine industry listed on the Hong Kong H-share market, and also the first enterprise to achieve "H to A" dual listing through share exchange and merger. It owns well-known domestic and international brands including Weichai Power engines, Shacman heavy-duty trucks, Weichai Lovol Smart Agriculture, Fast Gear transmissions, Hande Axles, Torch Spark Plugs, as well as Germany's KION, Germany's Hydraulic Transmission, America's Dematic, America's PSI, France's Baudouin, and Canada's Ballard. In 2024, it achieved operating revenue of RMB 215.69 billion and net profit attributable to the parent company of RMB 11.4 billion.

Its main business covers business segments such as power systems, commercial vehicles, agricultural equipment, and smart logistics. Its subsidiaries and branches are located in Europe, North America, Asia, and other regions, with products exported to over 150 countries and regions. Its heavy-duty engines and heavy-duty transmissions rank first globally in sales, industrial forklifts rank first globally, agricultural equipment sales rank first in China, and heavy-duty trucks rank first in China. It has national innovation platforms including the National Key Laboratory of Internal Combustion Engines and Power Systems, the National Fuel Cell Technology Innovation Center, the National Commercial Vehicle Power System Assembly Engineering Technology Research Center, the National Industrial Design Center, the National Internal Combustion Engine Product Quality Inspection and Testing Center, the National Internal Combustion Engine Industry Measurement and Testing Center, and the National Recognized Enterprise Technology Center. It has established research bases such as a "Postdoctoral Workstation" and has set up ten frontier innovation centers in multiple locations globally, establishing a global collaborative R&D system. It has received 9 national science and technology awards, including one first prize of the National Science and Technology Progress Award (2018).

Weichai Power models corporate social responsibility, actively pursues green, low-carbon, and high-quality development, and leads the equipment manufacturing industry chain toward high-end and win-win development. It has received honors such as the China Quality Award, China Patent Gold Award, China Trademark Gold Award • Trademark Innovation Award, National Quality Award, and National Corporate Culture Demonstration Base.

On March 8, 2018, when General Secretary Xi Jinping participated in the deliberation of the Shandong delegation at the First Session of the 13th National People's Congress, after listening to Weichai's report, he made important instructions: "Weichai's ten years of development have delivered a brilliant report card, weighty!" "All successful enterprises, to climb to the peak of their careers, must focus unwaveringly on their main business."