Weichai Holding Group Co., Ltd.
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| State-owned enterprise | |
| Industry | Automotive, Heavy Equipment, Engines |
| Founded | 1946 |
| Headquarters | Weifang, Shandong, People's Republic of China |
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Area served
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Worldwide |
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Key people
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Chairman: Tan Xuguang |
| Products |
Diesel engines Powertrains Transmission (mechanics) Axles Automobile components and spare parts Power generation Vehicles Yachts Hydraulics products |
| Revenue | $12.88 Billion (2014) |
| $812 Million (2014) | |
| Total assets | $19.4 Billion (2014) |
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Number of employees
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64,817 employees (2014) |
| Parent | Shandong Heavy Industry |
| Subsidiaries |
Subsidiary List
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| Website | Weichai Holding Group Co., Ltd. |
Weichai Holding Group Co., Ltd. (Chinese: 潍柴控股集团有限公司) is a Chinese state-owned enterprise specialized in the design, manufacturing and sale of diesel engines. The company operates on four different business sectors which are engines and vehicles, powertrains, luxury yacht and automotive parts. Headquartered in Weifang, Shandong Province, China, the Weichai Group is holding more than 80 subsidiaries set throughout China and overseas. The group offers products, services and technologies for commercial vehicles, construction machinery, marine power, agriculture machinery and power generation. Thanks to its subsidiaries, it also provides transporting equipment, buses, luxury yachts and hydraulics products. Having more than 35 offices and 245 authorized services stations through the world, Weichai products are sold in approximately 110 countries.
Weichai, formerly known as Yucheng Ironworks, was founded in 1946 in Weihai, Shandong Province, China. Based on this company, the ministry of People’s Armed Forces of Weihai established Jianguo Ironwork Cooperatives which was later renamed Coastal Ironworks. It mainly manufactured 79-type rifles and repaired steamboats. It is two years later that Coastal Ironworks moved to Weifang, where they started to manufacture 15 hp and 40 hp low-speed diesel engines. At the same time, the company was renamed Dahua Machinery Factory.
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