Founded in 1946, Weichai is one of the biggest automobile and equipment manufacturing groups regarding comprehensive strength. Having more than 50,000 employees in the world, the group has achieved80.9 billion yuan sales income in 2012, ranked 109th of China top 500 enterprises in 2012, 39th of China top 500 manufacturing enterprises, 2nd of China top 100 machinery industry enterprises.
Weichai Goup is the only enterprise that possesses vehicle machine, powertrain，luxury yacht and key parts four business platforms in China. It is an interdisciplinary, multi-industry international company, with branch companies locating in Europe, North America and Southeast Asia, with wholly owned or holding subsidiaries setting in Shandong, Shaanxi, Hunan, Chongqing, Jiangsu, Fujian, Shanghai, Beijing and other cities. Group holding subsidiary-Weichai Power Co., Ltd. (HK2338, SZ000338) is an A + H listed company, is the only enterprise group possesses the gold industry chain of power system (including engine, transmission and axle), heavy vehicles, automobile electronics and parts; Another holding subsidiary-Weichai Heavy Machinery Co., Ltd. (SZ000880), covering the product platform of large, medium and small whole series of marine power and power generation equipment, and was listed in Shenzhen Stock Exchange in April 2007. Among them, through the merger and absorption of Xiang Torch listed in Shenzhen Stock Exchange, Weichai Power became the first Chinese enterprise of realizing back from H shares to A shares of the blue chip through merger and absorption, creating the “weichai model” in capital market. On January 10, 2012, Weichai Group restructured the world’s largest luxury yacht manufacturing enterprise-Italy Ferretti, began to enter into the world’s top yacht manufacturing field, and its industrial chain got further extension, marked the enterprise has made a solid step on industrial structure adjustment and international development. On September 3, 2012, Weichai Power, a subsidiary of the group signed a strategic cooperation agreement with one of the world premier industrial forklift truck manufacturer and the global leader of the hydraulic technology — KION Group Germany, marked the core technologies of enterprise directly into the world’s leading level, revolutionized the situation of long-term dependence on imports of China’s high-end hydraulic products completely.
With modern “national enterprise technology center” and the first-class level product experiment center in China, with ” postdoctoral workstation”, the group has set up R&D centers in the United States, Europe and Weifang, Shanghai, Chongqing, Hangzhou, Yangzhou, Xi’an in china, which keep enterprise technical level always on the world leading level. Relying on the leading global research and development platform, the enterprise undertaken and involved in 18 national “863 project”, scientific supportting plans, international cooperation plans and scientific research projects, achieved 626 product and technology patent licenses, presided and participated in establishing more than 40 industry and national standards. Among them, high speed high-power “Landking” engine and WP7 series engine can meet Guo Ⅴ emission standard, which has reached the global leading level in economy, reliability, environmental protection.
Weichai Group takes the lead in passing GJB9001B、ISO9001 and ISO/TS16949 quality management system authentication in the same industry, sets up a service network consists of 5000 special maintenance service centers in the whole nation, with nearly 200 overseas servicing stations, the products are sold well in Russia, Iran, Saudi Arabia, Vietnam, Indonesia, Brazil, more than 80 countries. “Weichai Power engine”, “Fast Gear”, “Hande Axle”, “Shaanxi Heavy Duty Truck” has won the title of “Chinese Famous Brand” and ” Chinese Famous Trademark”. Among which, Weichai engine, Fast Gear, Hande Axle takes the lead and dominant position in China, formed the group brand cluster effect together.
Weichai’s rapid development was fully affirmed by the superior departments and leaders, has won the “Chinese Industry Award”, “National Advanced Basic-level Party Organization”, “National Quality Award”, “National Innovative Enterprise”, “National Demonstration Base of Enterprise Culture”. The party and national leaders gave high evaluation on Weichai’s development.
Take “Green Power, International Weichai” as our mission, during the 12th five-year plan , Weichai Group will try to achieve the grand vision of “sales income topping 200 billion yuan, march world top 500 enterprise”, become an international enterprise group taking whole engine as guidance, take the powertrain as core, to be global leading, with core technology, and sustainable development, to create a very important and unique pole in global equipment manufacturing industry.
Weichai is one of the biggest automobile and equipment manufacturing groups regarding comprehensive strength. Having more than 50,000 employees in the world, the group has achieved80.9 billion yuan sales income in 2012, ranked 109th of China top 500 enterprises in 2012, 39th of China top 500 manufacturing enterprises, 2nd of China top 100 machinery industry enterprises.