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XCMG Machinery and Weichai Power Sign Strategic Cooperation Agreement Together


On September 5, 2022, Tan Xuguang, Secretary of the CPC Committee and Chairman of Shandong Heavy Industry Group, Chairman of Weichai Group, Secretary of the CPC Committee and Chairman of China National Heavy Duty Truck Group visited XCMG. Wang Min, Chairman and Secretary of the CPC Committee of XCMG and XCMG Machinery warmly welcomed the team, and the two sides conducted in-depth exchanges on further strengthening cooperation.

Jiang Kui, General Manager of Shandong Heavy Industry Group, Zhang Quan, Secretary of the CPC Committee and Executive CEO of Weichai Power, Lu Chuan, President of XCMG Machinery, Sun Jianzhong, Vice President of XCMG Machinery, Wang Qingqing, and Song Zhike, Deputy General Manager of XCMG accompanied and witnessed the strategic signing of the two parties.

At the meeting, Wang Min and Tan Xuguang signed the "Strategic Cooperation Framework Agreement" on behalf of XCMG and Weichai Power respectively. According to the agreement, the two parties will follow the principle of "honest cooperation, mutual benefit and win-win", give full play to their respective industrial advantages, and deepen strategic cooperation in the fields of construction machinery diesel engines, hydraulic parts, new energy products and other fields to achieve win-win results.

Wang Min extended a warm welcome to the arrival of Tan Xuguang and the team, and briefly introduced XCMG's business presence, production and operation, and the overall listing situation. At the same time, he said, "Weichai is an old friend of XCMG" and is one of XCMG's core strategic partners. Weichai has been maintaining application on the engines of various types of major products of XCMG. We expect the cooperation between the two parties to reach a new level, create a win-win model of high quality and sustainable development, and form a new competitive advantage in the industrial chain.

Tan Xuguang said that XCMG and Weichai have always maintained a good strategic partnership in product development, manufacturing, supply and after-sales service. We hope that, on the basis of their respective advantageous fields, the two sides will continue to combine strengths, deepen strategic cooperation, and promote the continuous high-quality development of both sides, so as to jointly grow into world-class leading enterprises.

During the visit, Tan Xuguang also went to the XCMG Mining Machinery Assembly Intelligent Manufacturing Workshop and the Hanyun Industrial Internet Experience Hall to learn more about the advanced manufacturing processes of high-end equipment such as large-tonnage mining excavators and mining dump trucks, XCMG’s advanced manufacturing process, the establishment of Hanyun Industrial Internet platform, independent innovation achievements and practical application, etc. He highly affirmed XCMG's technological innovation and intelligent manufacturing capabilities.

As two major independent brand enterprises in China's equipment manufacturing industry, XCMG and Weichai have a history of cooperation for more than 20 years and have forged a profound friendship. With the signing of the strategic cooperation agreement this time, the two parties will further enhance their relationship, give full play to their professional and resource advantages, make in-depth cultivation, show new results in mutual integration and mutual promotion, and jointly develop into world-class enterprises.

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