Introduction of Weichai Holding Group Co., Ltd.

Founded in 1946, Weichai is one of the biggest automobile and equipment manufacturing groups regarding comprehensive strength. Having more than 80,000 employees in the world, the group has achieved 220.7 billion yuan sales income in 2017, ranked 1st of China top 100 engine & machinery industry enterprises.

Weichai Group 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, 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 the sole enterprise-based national key laboratory for the testing of reliability of internal combustion engine, 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, 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 19 national “863 project”, scientific supporting plans, international cooperation plans and scientific research projects, achieved 1940 product and technology patent licenses, presided and participated in establishing more than 65 industry and national standards. In 2013, the “Key technology and industrialization of heavy-duty and high-speed diesel engine” project won the second prize of the National Science and Technology Progress Award, breaking the technology monopoly of foreign companies in the high-speed and heavy-duty diesel engine field. In 2014, the electric control ECU system independently developed by the company successfully matched the CNG engine, and the high-power WP13 engine for heavy-duty commercial truck are released and put into market, marking the significant improvements of the company’s ability of independent innovation.

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 243 overseas servicing stations, the products are sold well in Russia, Iran, Saudi Arabia, Vietnam, Indonesia, Brazil with more than 110 countries. Brands such as “Weichai Power Engine”, “Fast Gear”, “Handle Axle”, “Shaanxi Heavy Duty Truck” are playing a leading and dominant role in the relevant domestic market, enjoying the concentration effect of brands.

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” and ”National Civilized Unit”. Several party and national leaders visited and inspected Weichai successively,gave high evaluation on Weichai’s development.

Take “Green Power, International Weichai” as our mission, at the end of the 2030 , Weichai Group will try to achieve the grand vision of “sales income topping $ 1000 billion “, to become a sustainably developing world-leading international industrial equipment manufacturing group with core technologies, taking engines and vehicles as the orientation and powertrain system as the core.