Weichai Power
 |
|
| State-owned enterprise | |
| Traded as | : 2338 : 000338 |
| Industry | Automotive |
| Founded | 2002 |
| Headquarters | Weifang, Shandong, People's Republic of China |
|
Area served
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Worldwide |
|
Key people
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Chairman: Tan Xuguang |
| Products |
Diesel engines Powertrains Transmission (mechanics) Axles Power generation Vehicles Hydraulics products |
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Number of employees
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42,000 employés (2014) |
| Parent | Weichai Holding Group., Ltd. |
| Subsidiaries | |
| Website | www.weichai.com |
Weichai Power Co., Ltd is a Chinese state-owned enterprise in Weifang, Shandong province, specialised in the research and development, manufacturing and sale of diesel engines. Its products are used in vehicles, marine vessels and power generators.
Weichai's H share was listed on the in 2004 and its A share was listed on the in 2006.
Weichai Power Co., Ltd. was founded in 2002, with Weichai Holding Group Co., Ltd. as the main sponsor. Weichai Power has built different industrial bases: for all series power (Weifang), for heavy-duty vehicle and powertrain (Xi’an), for big-power engine and light-duty vehicle (Chongqing), and for automobile electronics and parts (Yangzhou). The company owns several R&D centers around the world (China, United State, Europe…).
Regarding Research and Development, Weichai Power has been involved into 22 national "863 project". It achieved 1437 product and technology patent licenses, and participated in establishing around 45 industry and national standards.
In the recent years, Weichai Power has introduced several whole series of automotive diesel engines which met National IV and National V standards. Also, the company independently developed an Electric Control ECU which has equipped CNG engines and the WP13 engine for heavy-duty commercial trucks.
Weichai Power owns several Chinese brands:
Weichai Power’s acquired, in 2009, a French company which designs and manufactures marine engines named Société Internationale des Moteurs Baudouin. In 2012, the company signed a strategic cooperation agreement with the KION Group, a German company, and Linde Hydraulics, its forklift truck manufacturer and hydraulic technology subsidiary.
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Wikipedia