Founded in 1946, Weichai Holding Group Co., Ltd. is a leading multinational industrial equipment group in China with significant global influence. The Group owns well-known brands at home and abroad, such as Weichai Power, Shacman Truck, Weichai Lovol Intelligent Agriculture, Fast Transmission, Hande Axle, Torch Spark Plug, Ferretti of Italy, KION of Germany, Linde Hydraulics of Germany, Dematic of the U.S., PSI of the U.S., Baudouin of France, Ballard of Canada. The Group has 10 stocks from 8 companies listed at home and abroad. With 100,000 employees worldwide and an annual revenue of more than 300 billion yuan, it ranks 86th in Chinas Top 500 Enterprises, 31st in Chinas Top 500 Manufacturing Industry Enterprises, and 18th in Chinas top 100 Multinational Companies with a multinational index of 39.06%.
The Group’s main business covers six major business sectors such as powertrain systems, commercial vehicles, agricultural equipment, construction machinery, intelligent logistics, and marine transportation equipment. It has subsidiaries in Europe, North America, Asia and other regions, and its products are exported to more than 150 countries and regions in the world. The sales volume of heavy-duty engine and heavy-duty transmission ranks first in the world; the industrial forklift and luxury yacht lead in the world; the sales volume of agricultural equipment is the first in China; the heavy-duty trucks are leading in China. It has national platforms such as the State key Laboratory of Engine and Powertrain System, the National Fuel Cell Technology Innovation Center, the National Internal Combustion Engine Industry Measurement and Testing Center, the National Internal Combustion Engine Product Quality Inspection and Testing Center, the National Commercial Vehicle Powertrain System Assembly Engineering and Technology Research Center. It has established cutting-edge technology innovation centers in many places around the world, and set up global collaborative R&D system. Weichai won 10 national science and technology awards, including 2 first prize of national science and technology progress awards (in 2016 and 2018).
Weichai Group has been exemplary in fulfilling its social responsibility, actively practicing green, low-carbon and high-quality development, and leading the equipment manufacturing industry chain to high-end and win-win development. It has won honorary titles such as National Civilized Organization, National Advanced Grass-roots Party Organization, Model Company of Independent Innovation, National Innovative Enterprise, China Quality Award, China Trademark Gold Award’s Trademark Innovation Award, China Industry Award, National Corporate Culture Demonstration Base, etc.
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 Peoples Congress, he gave an important instruction after listening to the report of Weichai Group: "Weichai has delivered a brilliant result with ten years of development!", "Any successful enterprises that want to climb to the top of their career must focus on the main business without distraction."