Weichai Power Co., Ltd. （HK2338, SZ000338）was founded in 2002 by the main sponsor, Weichai Holding Group Co., Ltd. and qualified domestic and foreign investors. It is the combustion engine company listed in Hong Kong stock market, as well as the company returning to China mainland stock market. In 2021, Weichai’s sale revenue reaches 203.55 billion RMB, and the net income attributable to parent reaches 9.25 billion RMB.

Weichai has always adhered to the operation strategy of product-driven and capital-driven, and is committed to developing products with three core competitiveness: quality, technology and cost. It has successfully built the synergetic development pattern among powertrain (engine, transmission, axle/hydraulics), vehicle and machinery, intelligent logistics and other segments. The Company owns famous brands such as “Weichai Power Engine”, “Fast Gear”, “Hande Axle”, “Shacman Heavy Truck”, and “Linder Hydraulics”. 

Weichai pays high attention to science and technology innovation, and owns State Key Laboratory of Engine and Powertrain System, National Engineering Technology Research Center for Commercial Vehicle’s Powertrain, National Commercial Vehicle and Construction Machinery New Energy Power Innovation Strategic Alliance, National Professional Makers’ Space, “Academician Workstation”, “Post-doctoral Workstation” and other R&D platforms. The Company has the national intelligent manufacturing model base, as well as established R&D centers in Weifang, Shanghai, Xi’an, Chongqing, Yangzhou, etc. in China, and built cutting-edge technology innovation centers in many places around the world, and set up global collaborative R&D platform to make sure that the technology stays at global leading level.

Weichai has established a service network composed by more than 5,000 authorized maintenance service centers throughout China, and more than 500 overseas maintenance service centers. Weichai products are exported to more than 110 countries and regions.

In recent years, Weichai has won the First Prize of National Science and Technology Progress Award, China Quality Award, China Trademark Gold Award – Trademark Innovation Award, National Demonstration Base of Enterprise Culture, National Quality Award, China Industry Awards, and Special Prize for Progress in Science and Technology of China Machinery Industry.

Tan Xuguang is the Secretary of the CPC Committee and Chairman of Shandong Heavy Industry Group, Chairman of Weichai Holding Group, Chairman of CNHTC Group, Chairman, CEO and Chief Engineer of Weichai Power, Director of the State Key Laboratory of Engine and Powertrain System, and Director of the Expert Committee of the National Fuel Cell Technology Innovation Center. He was a deputy to the 10th, 11th, 12th and 13th National People's Congresses and a member of the 14th National Committee of the Chinese People's Political Consultative Conference. He is also the Vice Chairman of China Federation of Industrial Economics, Vice Chairman of China Enterprise Confederation/China Entrepreneur Association, Vice Chairman of China Mechanical Engineering Society, Vice Chairman of China Internal Combustion Engine Society, etc. He has been awarded the National Outstanding Communist Party Member for the centenary of the founding of the CPC, the National Model Worker (2005, 2020), the Most Beautiful Worker for the 70th anniversary of the founding of the People's Republic of China, the National Outstanding Entrepreneur, the National Innovation Prize, the Guanghua Engineering and Technology Award, the Leonardo International Award of Italy, the Qilu Outstanding Talent Award, the Outstanding Entrepreneur of Shandong Province, the Highest Award of Science and Technology of Shandong Province, and the Taishan Industrial Leader. He is entitled to special government allowances from The State Council.

Weichai Power takes “Green Power, International Weichai” as its mission, takes “customers’ maximum satisfaction” as its aim, and has formed unique enterprise culture. Weichai’s strategy: The traditional business shall remain a world-class level by 2025, and the new energy business shall lead the development of the global industry by 2030. The Company shall grow into a well-respected multinational group of intelligent industrial equipment.

Website:https://en.weichaipower.com