Weichai Holding Group

Weichai Power Co., Ltd.(HK2338, SZ000338)was founded in 2002, with Weichai Holding Group Co., Ltd. as the main sponsor, which attracted qualified domestic and foreign investors. It is the first company listed in Hong Kong’s H-share market from internal combustion engine industry, as well as the first company returned to inland A-share market to achieve further business in China. In 2012, the company has total assets of 66.3 billion RMB and global employees of 40151, and achieves sales income of 48.2 billion RMB and total profit of 3.96 billion RMB.

The company always adheres to the operating strategy of using both product management and capital operation as the driving force, and constantly enhances the core competitiveness to successfully build a new pattern of joint development consisting of four key sectors — powertrain (engines, transmissions and axles), vehicle engines, hydraulic control and auto parts. Having formed the most complete and most competitive industry chain in the whole Chinese automobile industry and owning the extreme core technology and product in the construction machinery industry, the company has become one of the strongest comprehensive automobile and equipment manufacturing company in China.

The company has formed the Weifang-centered all series power industrial base, the Xi’an-centered heavy-duty vehicle and powertrain industrial base, the Chongqing-centered big-power engine and light-duty vehicle industrial base, and the Yangzhou-centered automobile electronics and parts industrial base. Among which, "Weichai Power engine", "Fast Gear", "Hande Axle", "Shaanxi Heavy Duty Truck" has won the title of "Chinese Famous Brand" and "Chinese Famous Trademark". On September 3, 2012, the company signed the 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.

Having modern "national enterprise technology center", the first-class level product experiment center in China, and "postdoctoral workstation", the company located its R&D centers in the United States, Europe and Weifang, Shanghai, Chongqing, Hangzhou, Yangzhou, Xi’an in china. Standing on the global leading research and development platform, the company has undertaken and involved in 18 national "863 project", scientific supporting 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 has met GuoⅤ emission standard, which has come up with the global leading level in economy, reliability and environmental protection.

The company has won many important national awards. In 2007, the company won the national quality prize. In 2011, "WP10 / WP12 series heavy duty high speed engine and key technology" was awarded as the special award of science and technology progress of China machinery industry, which has changed history of no special award for China internal combustion engine industry. 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.

Weichai Power takes the lead in passing GJB9001B and ISO/TS16949quality management system authentication in the same industry, sets up a service network consists of 5000 special maintenance service centers in the whole nation, with more than 200 overseas service stations, the products are sold well in Russia, Iran, Saudi Arabia, Vietnam, Indonesia and Brazil, more than 80 countries.

Chairman Tan Xuguang was selected as the representative of the tenth and eleventh session of the National People's Congress, got the titles of  "national model worker", "May 1st labor medal", "China's most influential enterprise leaders", "people of economy of CCTV in 2005", " people of economy of CCTV in 2010", "Yuan Baohua enterprise management gold medal", " China equipment legion entrepreneurs". In 2012, he was awarded as one of the top 25 influential entrepreneurs in the twentieth century. He is also the president of China industrial economic association, the deputy president of China machinery industry federation, the deputy president of China enterprise confederation and China entrepreneurs association, as well as the council chairman of China internal combustion engine industry association.

Weichai Power takes "Green Power, International Weichai" as the mission, and “customer’s satisfaction” as the aim, which has formed the enterprise culture of “responsibility, communication, inclusiveness”. The corporate vision is to become an international enterprise group taking whole engine and whole vehicle 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.

Website: http://en.weichai.com/