Facing the ever-evolving trends in new energy, Weichai Group (Weichai), a subsidiary of Shandong Heavy Industry Group, focuses on industry frontiers and integrates global resources to accelerate its structural transformation.
The series of reports titled "Leading the Way: Shandong Heavy Industry Group's High-Quality Development Observation" focuses on Weichai's development in the new energy market today.
Weichai frequently launches new products,
accelerating its efforts to lead the new energy segment
In 2024, China's electric passenger vehicle market continued its robust growth. In the commercial vehicle sector, pure electric vehicles experienced explosive growth.。
In 2025, the industry landscape both domestically and internationally will become more complex, with rapid industry changes driven by new energy and digital intelligence.
Considering the current situation of the commercial vehicle market,
Weichai adopts a forward-looking strategy for its new energy business
At the 2025 Global Partner Conference held recently, Weichai unveiled its self-developed high-performance, highly reliable, and long-lasting power battery products that cover a complete range of commercial vehicles and construction machinery. Additionally, Weichai showcased products in the full industry chain of new energy, including motors, electronic controls, and drive assemblies. These advancements represent the world's leading commercial vehicle battery technology and promise to deliver more sophisticated, advanced, and professional solutions for China's new energy commercial vehicle sector.
From technological planning to ecosystem development, Weichai has consistently advanced the transformation in the new energy sector with a long-term vision.
Driven by the construction of major projects,
Weichai is nurturing a new energy ecosystem
The construction of major projects is the driving force for enterprises' rapid growth, providing "strong support" for boosting their core competitiveness and acting as a "powerful engine" to propel future strategies. In recent years, Weichai has leveraged major projects in the new energy sector to enhance its intrinsic growth potential and foster high-quality economic growth.
The Weichai-BYD (Yantai) New Energy Power Industrial Park, jointly invested in and constructed by Weichai and BYD, is currently in the phase of equipment installation. With a total investment of RMB 56 billion, the project, upon completion of its three phases, will boast an annual production capacity of 50 GWh of batteries, 500,000 flat wire motors, 400,000 electronic controls, and 50,000 electric drive assemblies. The project is expected to be developed into a leading industrial cluster for new energy vehicle batteries, motors, electronic controls, and electric drive assemblies.
Moreover, by leveraging global R&D strengths and advantageous industrial resources, Weichai has successfully developed powertrain products across three technological paths: fuel cells, hybrid power, and pure electric, achieving significant industrialization. The company has entered strategic partnerships with leading enterprises such as Germany-based Bosch, Canada-based Ballard, Germany-based ARADEX AG, and Switzerland-based FISCHER Spindle Group. Through these collaborations, Weichai has acquired critical hydrogen fuel cell technologies and has built a complete industry chain for hydrogen fuel commercial vehicles covering single cells, stacks, systems, and vehicles.
As green, low-carbon, and high-quality development develops rapidly, Weichai, a subsidiary of Shandong Heavy Industry Group, is seizing opportunities to adapt strategies tailored to local conditions, enhance efficiency, and improve the construction period. Weichai is committed to enhancing its quality and performance, advancing the upgrading of industrial structure, and optimizing its ecosystem. These efforts are aiding Shandong Province in taking a leading position in the green transformation of the high-end equipment manufacturing sector.