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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 combustion engine company listed in Hong Kong stock market, as well as the company returning to China mainland stock market. In 2020, Weichai’s sale revenue reaches 197.49 billion RMB, and the net income attributable to parent reaches 9.21 billion RMB.

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Weichai has always adhered to the operation strategy of product-driven and capital-driven, and is committed to developing products with three core competitiveness: quality, technology and cost. It has successfully built the synergetic development pattern among powertrain (engine, transmission, axle/hydraulics), vehicle and machinery, intelligent logistics and other segments. The Company owns famous brands such as “Weichai Power Engine”, “Fast Gear”, “Hande Axle”, “Shacman Heavy Truck”, and “Linder Hydraulics”.

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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. Our brands, such as "Weichai Power engine", "Fast Gear", "Hande Axle" and "Shaanxi Heavy Duty Truck" are playing a leading and dominant role in the relevant domestic market, forming the concentration effect of brands. In Auguest, 2012, the company signed the strategic cooperation agreement with KION Group Germany, marked the core technologies of enterprise directly into the world's leading level.

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Weichai pays high attention to science and technology innovation, it owns State Key Laboratory of Engine Reliability, National Engineering Technology Research Center for Commercial Vehicle’s Powertrain, National Innovation Strategic Alliance for New Energy Power System Industry of Commercial Vehicles, National Professional Makers’ Space and other state-level R&D platforms. It has established “Academician Workstation”, “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., and establish cutting edge technology innovation centers around the globe to make sure that the Company's technology level stays at the front line of the world.

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Weichai has established a service network composed by more than 5,000 authorized maintenance service centers throughout China, and more than 500 overseas maintenance service centers. Weichai products are exported to more than 110 countries and regions.

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In recent years, Weichai has won the First Prize of National Science and Technology Progress Award, China Quality Award, China Trademark Gold Award – Trademark Innovation Award, National Demonstration Base of Enterprise Culture, National Quality Award, China Industry Awards, and Special Prize for Progress in Science and Technology of China Machinery Industry.

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Become a world leading and sustainably developing multinational group of intelligent industrial equipment with its own core technologies, with vehicle and machinery as the leading business, and with powertrain as the core business.

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