About Weichai
A Brief History of the Weichai
Founded in 1946, Weichai has over 100,000 employees worldwide.
With the annual revenue of more than 300 billion RMB in 2021, Weichai ranks
the 77th among China's top 500 enterprises, the 23th among China's top 500 manufacturing enterprises,
and the 1st among China's machinery industry top 100 enterprises.
Weichai is a multi-field and multi-industry international group which owns powertrain, commercial vehicle, agricultural machinery, construction machinery, intelligent logistics, marine mobility and other business segments. The subsidiaries of Weichai Group are located in Europe, North America, Asia, and other regions, and its products are exported to more than 110 countries and regions.
Weichai Group has 10 stocks from 8 listing companies: Weichai Power (2338.HK, 000338.SZ), Weichai Heavy Machinery（000880.SZ），Asiastar Bus（600213.SH),KION Group (KGX.F) and Ferretti（9638.HK）.
Weichai pays high attention to science and technology innovation, it owns State Key Laboratory of Engine Reliability, National Fuel Cell Technology Innovation Center, National Engineering Technology Research Center for Commercial Vehicle's Powertrain, National Innovation Strategic Alliance for New Energy Power System Industry of Commercial Vehicles and Construction Machinery, National Professional Makers' Space and other state-level R&D platforms. It has established 'Post-doctoral Workstation' and other research bases, as well as State Intelligent Manufacturing Demonstration Base.
It has also built R&D centers in Weifang, Shanghai, Xi'an, Chongqing, Yangzhou, etc., established 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 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 first combustion engine company listed in Hong Kong stock exchange, as well as the first company returning to China mainland stock market.
Weichai 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.
Achieve revenue of 100 billion US dollars by 2025, and revenue of 1 trillion RMB by 2030;
The core business of each main segments shall enter the top three in the world.
The Company shall rank among the top 150 of the world's top 500, and grow into a well-respected multinational group of intelligent industrial equipment.
Weichai Power Co., Ltd.
Weichai Heavy Machinery Co.,Ltd.
Yangzhou Asiastar Bus Co.,Ltd.
197 A, Fushou East Street,High-Tech Development Zone, Weifang, China
