Innovation is overwhelming and the momentum is in upsurge. Since the deployment meeting "Fighting in Q4 and Resolutely Completing the Annual Goals and Tasks" was convened, the affiliated enterprises of Shandong Heavy Industry Group have focused more on technological innovation, the foundation for an enterprise’s growth, and they, with strong sense of responsibility and mission, overcame difficulties and climbed the peak with guts. Aiming at the transformation towards high end, intelligence, and green, and taking foothold in practicality, practicability, and effectiveness, the affiliated enterprises adapted their measures to local conditions to cultivate and expand new-quality productive forces, foster new kinetic energy and advantages for development, and stride forward on the path of high-quality development.

On October 28, the 10,000th power shift tractor of Weichai Lovol Intelligent Agriculture Company rolled off the production line at Weichai Lovol Tractor Factory. Man Shengang, secretary of the Party Committee and chairman of Shandong Heavy Industry Group, and Liu Jianjun, deputy secretary of the CPC Weifang Municipal Committee and mayor of Weifang City, attended the launching ceremony.

On October 26, the China International Agricultural Machinery Exhibition was unveiled in Changsha, Hunan. The super lineup of Weichai + Lovol with nearly 1400 square meters of joint booth showed up brilliantly at the exhibition, fully demonstrating the lineup’s strong strength in the field of high-end and intelligent agricultural equipment!

In response to the requirements of the themed education campaign "One Family, One Heart, Working Together, Succeeding for Sure" sponsored by the Party Committee of Shandong Heavy Industry Group, and in order to commend those who have made outstanding achievements, set an example in their work, and gave play to the exemplary and leading role, Weichai organized the Quarterly Corporate Culture Star Commendation "Gathering Sci-tech Innovation Power, Fighting in Q4" on October 23, which was attended by a total of more than 100 persons, including relevant leaders of the Group, secretaries of part organizations from award-winning units of sci-tech innovation stars, award-winning representatives, employee representatives, et al.

Amid the strong atmosphere of autumn and the loud sound of “Battle Drums”, affiliated enterprises of Shandong Heavy Industry Group (the Group) are working hard, quickening the pace to make progress, and speeding up for the annual business goals. They are working at full capacity to ensure production and improve quality and efficiency, fully igniting the enthusiasm for “Fighting in Q4”. This becomes the most brilliant landscape of the Group in the golden autumn.

Vibrant Birthday Celebration! Colorful Events Mark Weichai’s 78th Anniversary

On October 14, China Yangtze Shipping Group Co., Ltd. and Weichai Holding Group Co., Ltd. signed a cooperation agreement in Wuhan. Zhang Yi, Party Secretary and Chairman of Yangtze Shipping Group, and Ma Changhai, Party Secretary, Chairman, and General Manager of Weichai Group, attended the signing ceremony.

On October 12, Man Shengang, Party Secretary and Chairman of Shandong Heavy Industry Group, visited Weichai Power's Shanghai Operation Center and R&D Center to conduct research, meet with frontline employees, and engage in discussions with the management team.

During the period from October 8th to October 11th, Man Shengang, secretary of the Party Committee and chairman of Shandong Heavy Industry Group (the Group), left for Singapore to investigate at Shandong Heavy Industry (Singapore) Operation Center, arrange the Group’s business development in Southeast Asian market, visit strategic partners and VIP customer representatives, and attend the Ceremony for the Delivery of Zhongtong New Energy Buses & Global Debut of N12D Double-deck Electric Bus.

On October 9th and 10th, Weichai brought innovative data center power solution to the 2024 Data Centre World Asia (DCWA 2024) in Singapore, and ceremoniously released the industry-leading revolutionary data center power generation product Baudouin 20M55 Generator Set at the exhibition site.

On September 28th, Weichai Group held a kick-off meeting for the campaign "Forging Weichai Brand, Adding Color to Shandong Heavy Industry". Ma Changhai, member of the Party Committee and deputy general manager of Shandong Heavy Industry, also secretary of the Party Committee, chairman, and general manager of Weichai Group, attended the meeting.

On the afternoon of September 29th, the Final of Weichai First International Language Grand Prix (Individual) themed on "Voice of Youth, Unique in Language” concluded successfully. Ye Jianjun, deputy secretary of the Party Committee and director of Shandong Heavy Industry Group, attended the final and delivered a speech. Ma Changhai, member of the Party Committee and deputy general manager of Shandong Heavy Industry Group, also secretary of the Party Committee, chairman and general manager of Weichai Group, and Wang Decheng, deputy secretary of the Party Committee of Weichai Group, also secretary of the Party Committee and CEO of Weichai Power, presented awards to the winners.

On September 17, the IAA TRANSPORTATION 2024, the largest and most influential global event in the industry, officially opened in Hanover, Germany. Weichai, along with its subsidiaries Shaanxi Heavy Duty Automobile, Fast Gear, Hande Axle, and Yaxing Motor Coach (AsiaStar), made a grand appearance, showcasing the latest green and intelligent solutions across the full commercial vehicle industry chain.

We pay our deepest respects to the Weichai employees who remain committed on the overseas frontlines!

From September 6 to 12, Man Shengang, Party Secretary and Chairman of Shandong Heavy Industry Group, visited subsidiaries including Linde Hydraulics, Kion, Baudouin, and Ferretti in Germany and France. During his visit, he met with senior management teams, listened to reports on business performance, product development, market expansion, and business collaboration. He also held in-depth discussions with Stefan Hartung, Chairman of the Board of Bosch, and Christian Levin, CEO of TRATON Group. Weifang Party Secretary Liu Yun attended related events with Kion.

Class of 2024, Report Here!

On August 27, Man Shengang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, met with representatives of global partners specially invited by Shandong Heavy Industry Group who attended the Fifth Multinationals Summit in Qingdao. He exchanged communications with entrepreneurs from 8 multinationals including Bosch, BASF, ZF Friedrichshafen AG, BorgWarner, Corning, Garrett, Volkswagen AG, and KION on further deepening strategic cooperation and expanding cooperation fields.

2024 Semi-Annual Results of Weichai Power

On August 18, local time, the Shandong Heavy Industry Group Global Partners Conference and New Product Showcase took place in Mexico City, marking the fourth stop in Shandong Heavy Industry's commitment to the "Belt and Road" initiative and global strategic expansion. Weichai's star-studded lineup of products took center stage at the event, where distributors, key clients, and financial partners from the Americas gathered to discuss cooperation and shape the future together.

On August 18, local time, the Shandong Heavy Industry Group Global Partners Conference and New Product Showcase officially opened at the Mexico City International Convention and Exhibition Center. Over 600 partners from more than 30 countries and regions across the Americas, including Mexico, Brazil, Chile, and Peru, gathered for this grand event of friendship, cooperation, and development. Wang Zhijian, General Manager of Shandong Heavy Industry Group, delivered the opening speech, while Deputy General Manager Zhang Gengsheng presented a report titled "Collaboration to Create Value for Customers."

Recently, to comprehensively enhance the skills of its overseas marketing personnel and better serve global customers, Weichai organized the “Leading the Way, Seizing the Day, Sprinting Ahead into the Next Phase” 2024 Overseas Marketing Mid-Year Bootcamp, focused on talent development to build a strong, internationally competitive team.

Who’s by Your Side on the Road to Xinjiang? Weichai Engine!

Weichai's Core Strength Unleashes "Superpowers" for Corn Harvesting!

On Fire! The Closing Ceremony of Weichai Group’s 2024 New Employee Training Camp is Here!

On the afternoon of July 26th, the Provincial Science and Technology Conference was held in Jinan, where the winners of the 2023 Shandong Provincial Science and Technology Awards were announced. Weichai Power’s projects, "Key Technologies and Industrialization of High-End Engine Compacted Graphite Iron Casting" and "Key Technologies and Applications for Environmental Adaptability of Heavy-Duty Diesel Engines", were honored with the First and Second Prizes in the 2023 Shandong Provincial Science and Technology Progress Awards, respectively.

Chasing Dreams with Weichai: A Wave of New Employees Has Arrived!

From June 30 to July 5, Man Shengang, Secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, went to Weifang, Jinan, Jining and Liaocheng to carry out field research on Weichai Group, Sinotruk, Shantui, Zhongtong Bus and other ownership enterprises, to learn more about their production and operation, market development, scientific and technological innovation, internal management and party affairs.

On the evening of June 30th, Weichai Group hosted the “Heart to the Party, Shoulder the Responsibility” celebration at the Weifang Grand Theater to commemorate the 103rd anniversary of the founding of the Communist Party of China. The event included an awards ceremony and a choral gala, recognizing outstanding collectives and individuals while celebrating the Party's birthday with resounding songs and fervent enthusiasm. Over 2,000 party members and representatives from Weichai Group attended.

From June 25 to 27, the China (Shanghai) International Power Equipment and Generator Group Exhibition (GPOWER 2024) was held in Shanghai. Weichai M33/M55 series large-bore gen-set products made a stunning debut and boosted the development of the industry.

On the basis of extensive research in the previous global market, on June 27, Tan Xuguang presided over the Shandong Heavy Industry Group supply chain management work conference in Jinan and delivered a speech, focusing on comprehensively winning the hard battle toward world-class supply chain competitiveness, focusing on analyzing the outstanding contradictions of supply chain management with the spirit of self-denial, and focusing on activating new quality productivity with a new supply chain. Firmly shoulder the role of "chain master", chain global partners to build a win-win situation, and work together to build an efficient, win-win, safe and sustainable new supply chain system.

In order to further promote the brand of Weichai Power in Malaysia and make "Good Quality of Shandong" famous overseas, from June 20 to 21, Tan Xuguang conducted in-depth field research on end-use customers in Malaysia (West Malaysia region), discussed and communicated with ship owners and distributors, and conducted systematic scheduling around product upgrading, customer satisfaction and resource allocation in advance.

According to the strategic deployment of Shandong Heavy Industry Group to develop new quality productivity and explore overseas business increment, from June 18 to 19, Tan Xuguang led a team to investigate data center gen-set project partners in Malaysia and Singapore, to understand in detail the demand of high-end data center customers for power generation products and the ecological construction of Weichai's industrial chain, and accelerate the development of new quality productivity of strategic increments to work together with partners to build a model data center project for the Asia-Pacific market.

From June 16 to 17, Tan Xuguang chaired the on-site scheduling meeting of Weichai Southeast Asia market export business in Singapore, focusing on the export situation in the first half of the year and the export increase in the second half of the year, in-depth analysis of new problems, new contradictions and new opportunities in the export of marine and power generation equipment products in various regions of Southeast Asia, and carried out a systematic top-level design for business transformation, organizational change and team building to comprehensively promote the upgrading of products and brands in the Southeast Asian market.

According to the global strategy of Shandong Heavy Industry Group, in order to do a good job in the export business at "nearby markets", from June 14 to 16, Tan Xuguang led a team to South Korea to investigate the market, in-depth visit Weichai gen-set and marine sales network construction, and further increase the export of products. At the same time, he also visited and investigated the development of big data centers and fuel cell (SOFC) demonstration application projects in South Korea, and jointly dig into the South Korean data center business growth gold mine.

From May 23 to 24, Tan Xuguang led a team to Frankfurt to investigate KION Group and Linde Hydraulic of Weichai Group, to fully deploy and promote the win-win cooperation between Chinese and German enterprises through high-level cooperation.

On May 21, 2024, Tan Xuguang, who had just finished the research in Italy, led the team to Cassis, France, to investigate Baudouin in depth, listened to the report of the management's key work, and made an impromptu keynote speech.

On May 20, 2024, Ferretti Group Chairman Tan Xuguang listened to the work of the management one by one on the basis of the recent field research at the management headquarters in Milan. He did systematic study of the company's operation, global industry competition situation, strategic benchmark analysis, future business plan, international market development and other key work. He also communicated with all first-line and second-line managers face to face, and made a keynote speech to plan for future development in a comprehensive manner.

On the basis of recent intensive research in overseas markets and in-depth exchanges with local customers and partners, on May 19, 2024, Tan Xuguang presided over a global gen-set business strategy discussion and on-site promotion meeting at the management headquarters in Milan. The Group's technical experts from Europe, North America, Singapore and China headquarters conducted in-depth and pragmatic exchanges and discussions.

On May 18, 2024, Tan Xuguang, Chairman of Weichai Group and Chairman of Ferretti Group, presided over a meeting on the collaborative promotion of yachts and powertrain systems at the management headquarters in Milan. Experts from Ferretti Group and Weichai Group had efficient and practical exchanges on the comprehensive development of yacht propulsion system cooperation.

On May 16, 2024, Tan Xuguang, Chairman of Ferretti Group, presided over the on-site board meeting of Ferretti at the management headquarters in Milan, fully affirmed the sustained growth of the company's performance in the first quarter, and asked for a comprehensive construction of sustainable high-quality operation competitive advantage.

A Glimpse of Weichai Power 2023 ESG Report

On 29 April 2024, at 18:00 Beijing time, Tan Xuguang, Chairman of the Board of Directors of Ferretti Group, listened to a work report on the company's operation from January to April by Alberto Galassi, CEO of Ferretti Group, at Weichai Beijing Operation Center.

In the morning of April 24, Lu Dongliang, member of the Standing Committee of Shanxi Provincial Party Committee and Secretary of Datong Municipal Party Committee, visited Shandong Heavy Industry Group and Sinotruk. Tan Xuguang, Party secretary, chairman, general manager of Shandong Heavy Industry Group and Chairman of SinotruK, and Yang Feng, deputy secretary of Jinan Municipal Party Committee, attended the discussion.

In the afternoon of April 23, Peter Laier, member of the board of directors of ZF Group and head of commercial vehicle solutions division, visited Shandong Heavy Industry Group. Tan Xuguang attended the meeing. The two sides carried out in-depth exchanges on new technology fields such as AMT, new energy electric drive axle, high-end marine power and intelligent driving, and reached a comprehensive strategic cooperation intention.

At 10:00 AM Milan time on April 22, 2024, Tan Xuguang, Chairman of Ferretti Group, hosted the Ferretti Global General Meeting by video in Beijing and answered questions from shareholders. The main venue of the meeting was located in Milan, and members of the Board of Directors, Supervisory board and global shareholders participated in the meeting online.

At 10:00 am on April 16, Weichai Power Future Technology Test Laboratory officially opened. Tan Xuguang attended the opening event and gave a speech.

In the morning of April 10, the 30,000 hours operation ceremony of Weichai generator set on Koh Si Chang Island was successfully held. Tan Xuguang and the gen-set supplier company Namsang jointly witnessed this milestone moment.

In the afternoon of April 9, Tan Xuguang led a delegation from Sinotruk and Zhongtong Bus to Bangkok to visit Thai National Oil Company and its subsidiary ARUN PLUS. Ekachai Yimasakul, Executive Vice president of Thai National Oil Company and Managing Director of ARUN PLUS, led the management team to attend a discussion. The two sides conducted in-depth exchanges on the development of Thailand's new energy industry and reached cooperation intentions.

In the morning of April 8, Tan Xuguang came to the Saigon Shipyard of Vinashin, the largest ship construction company in Vietnam, to experience ship construction on site, and communicated with the person in charge of the shipyard in depth about the needs of customers' transportation operations, Weichai marine engine application, product performance, competitive product comparison, and service parts guarantee.

On the basis of recent detailed field visits and research in the Southeast Asian market, on the afternoon of April 7th, Tan Xuguang hosted the Shandong Heavy Industry · Weichai Power Southeast Asia Market Product Export On-site Advancement Meeting in Ho Chi Minh City, Vietnam. The meeting conducted a comprehensive review of the product export situation of various affiliated enterprises in the first quarter of 2024 and scrutinized the emerging issues, systematizing the work arrangements for the second quarter.