The course of development
Weichai Power Co., Ltd. (2338.HK; 000338.SZ) was founded on December 23, 2002. It is founded by the former Weifang Diesel Engine Factory (restructured into Weichai Holding Group Co., Ltd. in August, 2007) and joined by domestic and foreign investors and is a company that conforms with modern enterprise system. The company is China's first stock to return to Mainland’s A-share market after being listed in H-share market of Hong Kong. It has total assets of 220 billion RMB and more than 30,000 employees, making it the largest auto parts group in China. The history and development course of the company are as follows:
Former Weifang Diesel Engine Factory was established in 1946. It is one of China's first batches of manufacturers to manufacture diesel engine.
From the 1950s to the early 1980s, Weifang Diesel Engine Factory have developed and manufactured many medium-speed diesel engines from the range of 51-99 kilowatts.
In 1984, the Chinese National Development Planning Commission and the National Economic Council recognized Weifang Diesel Engine Factory as one of the R&D and manufacturing factories to manufacture Steyr WD615 series diesel engine. In the same year, the National Economic Council issued "Reply to agree to change the affiliation of Weifang Diesel Engine Factory" to recognize the factory as one of the sentinel factories for heavy-duty vehicles matching.
In October 1989, the production line of Weifang Diesel Engine Factory successfully passed the acceptance of the national authorities. Meanwhile, WD615 series diesel engines for heavy-duty vehicles start production in the same year.
In 1990, 1992 and 1994, Weifang Diesel Engine Factory developed and launched different models of WD615 diesel engines for generator sets, construction machinery and ships.
In 1995, Weifang Diesel Engine Factory passed the ISO9001 quality system certification. In the same year, the contract to introduce WD618 series diesel engine manufacturing technology was signed.
In October 1999, Weifang Diesel Engine Factory acquired Sichuan Changjiang diesel engine factory, expanding its production capacity of WD615 Engines.
In May 2000, WD618 Engines for heavy vehicles were launched.
In 2001, Weifang Diesel Engine Factory successfully developed and launched the Euro I standard WD615 and WD618 diesel engines.
In 2002, Weifang Diesel Engine Factory optimized WD615 series diesel engine again to reach the Euro II standard requirements.
On December 23, 2002, Weifang Diesel Engine Factory used the liabilities, cash and business operating assets of producing and sales of WD615, WD618 series diesel engines to join other investors who provided cash to jointly found Weichai Power Co., Ltd..
In March 2003, Weichai Power’s WD618 engines successful met Euro II standards.
In August 2003, Weichai Power is recognized as high-tech enterprises by Shandong Science and Technology Agency.
On March 1, 2004, Weichai Power passed the ISO/TS16949 quality management system certification and became the first diesel engine manufacturers to receive this certification in China.
On March 11, 2004, Weichai Power (stock code 2338) listed on the Main Board of the Hong Kong Stock Exchange successfully.
In March 2005, Landking series engine WP10 and WD12 which met the Euro III emission standards were launched.
In August 2005, Weichai Power successfully acquired Torch Spark Plugs, extending the industrial chain and broadening the development space.
In September 2005, the "Weichai brand" WD615 diesel engine won the "China Famous Brand" title.
In December 2005, President Tan Xuguang was gloriously elected as "2005 CCTV China Economic Person of the Year".
In March 2006, Weichai Power is recognized by the Central Propaganda Department as "independent innovation typical enterprise.
In May 2006, President Tan Xuguang won the title of "China's top ten business leaders" and Weichai Power was again awarded as the "National Top 100 parts suppliers".
In July 2006, Weichai Power won the "China's Top 500 Machinery Companies" which was ranked 22nd; Weichai Power was named as the "industrial leader of 2006".
In August 2006, Weichai Power was recognized as the first batch of base enterprises for Chinese auto parts exporting.
August 2006, Weichai Power won the "China's Top 500 Manufacturing Companies" which was ranked 71st.
In September 2006, Weichai won three awards — "top 500 Chinese enterprises", "China's top 500 manufacturing companies" and "The Second Chinese Top 100 Educational Enterprise".
In April 30, 2007, Weichai Power A shares got listed on Shenzhen Stock Exchange and became the first "H to A" case which is the most innovative case in Chinese stock markets, opening up the property rights contexts of which happens to be heavy truck chain with the highest quality nowadays.
In September 2007, Weichai was ranked 161th in the annual "China Top 500 Enterprises of 2007", 79th in the Chinese manufacturing enterprises and 1st place in the power equipment and components manufacturing companies.
In November 2007, Weichai's 250000th unit that year got off the assembly line, which creates a world-class new height.
In November 2007, Weichai Power won the "National Quality Award".
In December 2007, Weichai Power launched the first-inroduced best power solutions in China: Weichai powertrain systems. Meanwhile, Weichai was selected as sample stocks of the Shanghai-Shenzhen 300 and CSI 100 index.
In January 2008, Weichai Power won the seventh "China's ten innovation examples of reforming" with the case of "Weichai Power uses stock swap to merger Torch and got listed on the Shenzhen Stock Exchange".
In March 2008, Weichai Power Enterprise Culture Institute was established; Weichai Power got the automotive parts remanufacturing pilot qualifications.
In April 2008, President Tan Xuguang won the "Yuan Baohua Enterprise Management Gold Award".
In May 2008, Weichai scored the second place in "China's Top 100 Machinery Companies of 2007"; the Weichai Landking products acquired "international standards approval certificate" and "products with international standard certificate".
In June 2008, Weichai won the honorary title of "China's Top 100 Educational Enterprise ".
In July 2008, Weichai was selected as the "National state-owned enterprises typical promotional corporate of 2008"; Weichai was also ranked at 10th in "China's Top 500 Machinery Enterprises".
In August 2008, Weicahai was ranked 106th in "China's top 500 Enterprises" and 46th in "China's Top 500 manufacturing enterprises".
In November 2008, Weichai became the first place among the "China's top 100 auto parts enterprises of 2007".
In January 2009, President Tan Xuguang won the "Top 10 Shandong business figures" award.
In March 2009, Weichai's enterprise management innovation project "construction and implementation of performance management system that stimulate employees' potential" won the National Innovation Award.
In May 2009, Weichai entered "China's Top 100 Machinery Companies" again, as well as "China's Top 100 listed companies with excellent market value management of 2009" and "China's Top 100 listed industry with excellent market value management of 2009".
In June 2009, national scientific and technological support major projects of the "Eleventh Five-Year Plan" that is undertaken by Weichai passed the certification of the state.
In July 2009, Weichai entered "Fortune China"'s Top 100 Listed Companies of 2009; Weichai was ranked at 10th in China's top 500 machinery companies, 14th in China's biggest Machinery companies and 248th in world's top 500 machinery companies; Weichai won "China’s Top 100 Educational Enterprise "; the production and sale volume of Weichai’s Landking electronically-controlled China III engine achieved 120,000 units.
In August 2009, Weichai Power appeared in the "national innovation pilot enterprises.
In September 2009, Weichai Power was approved as the "Fourth International Science and Technology Cooperation Base".
In October 2009, Weichai Power was ranked at 204th in the Asian top 500 brands of 2009.
In November 2009, Weichai appeared in the first batch of "national innovative enterprises" and won the "national advanced enterprise of employee education and training" title.
In December 2009, Weichai Power got into the "China's top 100 listed companies" and the "most competitive 10 Hong Kong listed companies in China".
In February 2010, Weichai Power was recognized by Ministry of Science and Technology as "Information Technology Engineering Application Model Enterprise for the Manufacturing Industry".
In March 2010, Weichai - Baudouin (Singapore) Company was officially established; the Weichai Power became one of the National Innovation Alliance pilot companies.
In April 2010, the Weichai Holding Group was ranked 3rd in the "China's Top 100 Machinery Companies" and won the first prize of "National Level Enterprise Modern Management Innovation" award.
In May 2010, Weichai's monthly production capacity of high-speed high-power engines exceeded 50,000 units for the first time; Weichai Power listed company won the sixth "Golden Round Table Award" of outstanding board of directors.
In June 2010, the research and development of Landking engines was certified as the first batch of major innovations results of Shandong Province; the information disclosure of Weichai in 2009 was evaluated as "excellent" by Shenzhen Stock Exchange.
In July 2010, Weichai was ranked at 9th in "China"s top 500 Machinery companies"; Weichai Power won the Golden Bull Award of "China's top 100 listed companies of 2009".
In September 2010, Weichai was ranked at 117th in Chinese top 100 enterprises; Weichai launched the second generation of Landking engines; Weichai won the best board of directors in the listed companies of 20120 and best governance from the board of directors of the listed companies.
In October 2010, President Tan Xuguang was honored as the "entrepreneurs with outstanding contributions to Chinese automotive industry of the decade"; three new products from Weichai passed the provincial appraisal; Weichai Power won the "most influential engine brand over the decade"; Weichai won the "Organization Award of Excellence" for the implementation of excellence performance model.
In November 2010, Weichai passed the ISO/TS16949: 2009 quality management system supervision certification successfully; Weichai Power won the "most influential brand in the power components" title and "Top 100 investor relationship management” title; Weichai was selected as the first batch of Shandong Province"s provincial overseas talent business base.
In January 2011, President Tan Xuguang won CCTV Person of the Year 2010 and entrepreneurs to watch of 2010; Weichai Holding Group Co., Ltd. was named the most influential enterprise in 2010.
In April 2011, Weichai Holding Group won the second session of China Industry Award and was ranked at 18th in "top 100 tax-paying enterprises of Shandong in 2010".
In May 2011, Weichai Power became the first national innovation-oriented enterprise ever in Weifang city; Weichai won three awards of the seventh Golden Round Table Award.
In June 2011, President Tan Xuguang was awarded the "medal of meritorious Chinese entrepreneurs"; Weichai Group was ranked at 2nd in the "China's top 100 machinery companies" and received AA certificate from the customs; Weichai Power made it into the "Top 100 Chinese listed companies”, "Golden Bull top 100 listed companies" and won the Excellent Board of Directors of the Chinese listed companies for three consecutive years.
In July 2011, President Tan Xuguang was honored as the "People with outstanding contributions to the Chinese enterprise culture"; Weichai party committee won the title of "national advanced grass-roots party organizations"; Weichai won the " Outstanding Enterprise Management in the National Machinery Industry", "China's most valuable 100 (top 10) listed companies", "Best Ten management teams of Chinese listed companies". Weichai was elected as Fortune's Top 500 Chinese enterprises again.
In September 2011, Weichai Group was ranked 93rd in the top 500 Chinese enterprises, climbing 24 places since 2010. Weichai was also ranked 35th in the top 500 Chinese manufacturing companies, climbing 14 places since 2010.
In October 2011, Weichai Power Co., Ltd. was recognized as the national corporate culture demonstration base of 2011.
In November 2011, Weichai was selected as the pioneer companies of internal combustion engine and accessories manufacturing industry of 2011; "WP10/WP12 series heavy-duty high-speed engine and key technologies" won the special award of "Chinese machinery industry's scientific and technological progress".
In December 2011, President Tan Xuguang was named "China's top ten innovative people of 2011" and attended the 2011 "CCTV China Economic Person of the Year" ceremony; Weichai Power Co., Ltd. won the "China's top ten innovative enterprises of 2011" and "Standard innovative enterprises in Shandong Province".
In January 2012, Weichai signed agreements with the leading luxury yacht company – Italian Ferretti Group, to acquire 75% stake in Ferretti, becoming the largest shareholder of the company.
In March 2012, Jia Qinglin, standing committee of the Political Bureau of the CPC Central Committee and the CPPCC National Committee Chairman, visited Weichai; China's first direct injection natural gas engines manufactured by Weichai Power was successfully developed and launched, filling the gaps in the field of application of such engines in China, becoming a milestone in the development of Chinese natural gas engines.
In April 2012, He Guoqiang, member of the standing committee of the Political Bureau of the CPC Central Committee and secretary of the Central Commission for Discipline Inspection, visited Weichai.
In May 2012, Weichai Power Global Research Center Headquarters was completed and the mass production launch ceremony of China's first high-pressure common rail electronic control systems was held in Weichai Industrial Park; Weichai Group was ranked 2nd in the "China's top 100 machinery companies".
July 2012, China's top 500 machinery companies were released in Beijing and Weichai Holding Group was ranked at 7th. Weichai was also ranked at 223rd in the world's top 500 machinery companies.
In August 2012, Ferretti Yachts' China strategic news conference was held in Beijing and Weichai Group officially announced the successful completion of the strategic restructuring of Ferretti Group.
In September 2012, Weichai Holding Group Co., Ltd. was ranked at 109th in the China's top 500 companies and 39th in the China's top 500 manufacturing companies. Weichai signed strategic cooperation agreements with Germany KION Group in Jinan, Shandong; Weichai signed the letter of intent with Cowger.
In November 2012, Lu Yongxiang, the CPC Central Committee, vice chairman of the Standing Committee of the National People's Congress, visited Weichai; Weichai won the Golden Tripod Award of eighth annual meeting of the of China's securities market.
In December 2012, Jia Qinglin, Chairman of the National Committee of the Chinese People's Political Consultative Conference, visited Ferretti; Weichai Power and KION Group completed the transaction, becoming the biggest direct investment in Germany among Chinese enterprises.
In January 2013, world's largest luxury yacht "CHOPI CHOPI" from Ferretti was launched into the water; Weichai Power won the "top 10 comprehensive listed enterprise"; President Tan Xuguang was elected as the most influential capital figures among the listed companies; Weichai's "heavy-duty high-speed diesel engine key technology and industrialization" project won the second prize of national science and technology progress award.
In February 2013, Weichai Group won the title of "demonstration enterprise for national level of integration of information technology and industrialization".
In March 2013, Weichai Casting and Forging Company's old factory zone ceased production; Weichai Power officially established joint branding strategic alliance.
In October 2013, Weichai Power Yangtze River Delta Strategy Press Conference ushered in a new tomorrow; KION Group Management and Labor Union Visited Weichai Group.
In December 2013, Weichai and AVL Signed a Strategic Cooperation Agreement; Weichai Released Light Vehicle Brand "Yingzhi"; Weichai Power and JAC Signed a Strategic Cooperation Agreement.
In January 2014, Weichai Power won nomination of first China Quality Award; Weichai Business Conference of 2014 opened, and conference guests of the truck segment visited the Technology Exhibition Hall.
In February 2014, Shandong Heavy Industry and China Longgong Signed a Strategic Alliance Agreement.
In March 2014, President Xi Jinping Met Chairman Tan Xuguang in Germany.
In April 2014, The press conference for the launch of Weichai's international brand.
In May 2014, Foton Signed A New Round of Strategic Cooperation with Weichai Power.
In June 2014, Chairman Tan Xuguang attended the first official meeting of the Sino-German Council of Economic Advisors.
In July 2014, Wang Min, Chairman of XCMG visited Weichai.
In August 2014, Weichai Power Signed Strategic Cooperation Agreement with Guangdong Yueyun.
In September 2014, SHIG •Weichai and XCMG Join Hands to Revitalize National Equipment Manufacturing Industry; Chairman Tan Xuguang and His Team Visit JAC to Strengthen Cooperation, Mutual Visits of Both Sides Being Made on a Regular Basis; Weichai Group Global CEO Conference 2014 Held under the Theme of Joining Hands to Build Our Future.
In October 2014, Weichai Power's "Heavy-duty Vehicles of Machinery Industry and Construction Machinery Diesel Engine Engineering Research Center" Is Certified.
In November 2014, Weichai Power is Awarded "Best Board Prize"; Weichai Power and Shunde Automobile Sign a Strategic Cooperation Agreement; Ferretti Shanghai Flagship Showroom Opens; Shandong Heavy Industry • Weichai Power Third Quarter Economic Performance Meeting Takes Place in Shanghai; Weichai Independently Developed Electronic Control System Successfully Applied in Gas Engine.
In January 2015, Weichai Power holds a launch event of HD commercial vehicle engine technology; Chairman Tan Xuguang met with a team led by Dr. List, president of AVL.
In February 2015, Weichai Group holds the management level meeting of 2015; Weichai Group wins the title of "National Civilized Organization".
In April 2015, Zhang Xinwen (Director of State-owned Assets Supervision and Administration Commission of Shandong Provincial Government) leads his survey team to Weichai Group; Caterpillar (Qingzhou) and Weichai Power sign strategic cooperation agreement; Yangzhou Light-duty Intelligent Power Base is launched; Weichai's own Zhang Minzhi wins the title of "National Model Worker".
In May 2015, Linde Hydraulics Weifang Factory is successfully put into production.
In June 2015, A survey team led by Zhu Minyang (Deputy Secretary of the CPC Yangzhou Municipal Committee, Mayor of Yangzhou) visits Weichai Group; CNPC Natural Gas Transportation Company and Weichai Power sign a strategic cooperation agreement.
In July 2015, SHIG Party Secretary and Chairman Tan Xuguang Presided Over the "Three Stricts and ThreeHonests" Special Lecture; Weichai Chairman Tan Xuguang is invited to the Economic Situation Forum of the State Council on Behalf of the Equipment Manufacturing Industry; Weichai Power's "Integrated Diesel Engine Intelligent Manufacturing Pilot Demonstration Project" is included in National Intelligent Manufacturing Pilot Projects of 2015; Weichai Group holds the management level meeting in Weifang.
In August 2015, Chairman Tan Xuguang meets with FEV CEO Stefan Pischinger.
In September 2015, Vice governor of Shandong Province Wang Shujian visits Weichai.
In October 2015, Establishing the goal-oriented thinking, Weichai proposes the goal to challenge world's No. 1; Weichai Group holds the 2015 Q3 operation analysis meeting; Weichai's Key Laboratory for ICE Reliability is selected as the State Key Laboratory based on Enterprise; Weichai Power technology upgrade seminar is held successfully; Gong Zheng, deputy secretary of Shandong Province party committee, led his team to visit Weichai.
In November 2015, Chairman Tan Xuguang wins the title of "Outstanding Director of Quality Management in China"; SHIG-Weichai Power Q3 operation analysis meeting is held in Weifang.
In December 2015, Weichai Group holds supplier awarding ceremony of 2015.
In January 2016, Shandong Heavy Industry Group-Weichai Power 2016 work conference was held in Weifang; WeichaiGroup and China Telecom signed the strategic cooperation agreement; Weichai Group held the 2016 executive team strategy decoding meeting.
In February 2016, Weichai Group held the State Key Laboratory of Engine Reliability Launch Ceremony and Weichai Scientific and Technological Innovation Commendation General Assembly; KION Groups’snew plant opened in Czech Republic, and Czech Prime Minister arrived at the scene to congratulate.
In March 2016, chairman Tanwent to Beijing to participate in the "Two Sessions"; Weichai hadproduced 15 million units of WP12/13 Landking engines by then; Chairman Tanattended the 2016 China Development Forum's theme activity "Shandong Night"; Chairman Tanwent to production site for research and visited front-line staff.
In April 2016, Weichai Group held the "Move towards the high-end-fight 100 days" pep rally, and chairman Tanpresented the marketing team with the commendation flag;Acting Shaanxi provincial governor Hu Heping met chairman Tan; Shandong Heavy Industry Group -Weichai Power 2016 first quarter economic operation analysis meeting was held in Xi'an; Weichai held the State Key Laboratory of Engine Reliability press conference and first H platform product launch conference.
In June 2016, Weichai Group held the "Move towards the high-end–Weichai high-end engine project kick-off meeting"; KION Group, WeichaiPower's subsidiary,acquired all shares of Dematic.
In July 2016, Weichai intelligent manufacturing program passed the declaration review andreceived special national support funds of 90 million yuan; Linde Hydraulic's new factory in Aschaffenburg was officially put into operation; Chairman Tan delivered a special lecture at Shandong province SASAC mid-year meeting; Weichai's national specialized makers' space for truck powertrain was selected into the first batch of national specialized makers' space demonstration list.
In August 2016, Weichai Group held the grand "Move towards the high-end, production and sales exceeding 300,000 units, and contributing to the 70th anniversary of Weichai" activities; Chairman Tan led the team to the production line for research; Shandong Heavy Industry Group -Weichai Power 2016 first half economic operation analysis meeting was held in Weifang.
In October 2016, Weichai holds thephoto exhibitionof a decade of innovation and development to celebrate the 70th anniversary; Weichai holdsthe grand innovation and development conference to celebrate the70thanniversary; Weichai holds "Weichai Family Meeting" to talk about corporate international development together
In December 2016, Weichai holds joint operation meeting to unswervingly promote the high-end engine project; Weichai holds the 2016 annual supplier recognition conference; Weichai Power signs a cooperation agreementwith Shenhua Group and Entropy Zero Group to establish the national large-scale energy equipment product innovation strategic alliance; Weichai Yangzhou business segment holds a meeting on innovation and development.
On March 30, 2017, Weichai Power held a press conference in Hong Kong to announce the full year results of 2016. Weichai Power Chairman and CEO Tan Xuguang shared Weichai Power's development performance and highlights of 2016 with investers, and analyzed the future development trend showing the great potential of Weichai's development.
In the morning of May 15, 2017, local time, Weichai Chairman Tan Xuguang led a delegation to visit the head quarters of Mahler in Stuttgart, Germany. Mahler Vice President Arnd Franz and Andreas Pfeifer welcomed Tan Xuguangon behalf of Mahler.
On November 20,2017, local time in Germany, Mr. Tan Xuguang, Weichai Power Chairman, and Prof. Dr. Stefan Pischinger, CEO of FEV Group GmbH, signed a cooperation agreement to develop and manufacture a 10,000-kilowatt offshore power unit in the Bavarian government office, in the presence of Li Qun,member of the Standing Committee of the Shandong Provincial Party Committee and Executive Vice Governor of Shandong Province, Merke, Bavarian State Minister for European Union and International Affairs, and other guests.
On December 21, 2017,Weichai Power and Westport Fuel Systems Inc.(“Westport”) signed a joint innovation cooperation agreement in Jinan, Shandong. Together, the two parties will develop high pressure in-cylinder direct-injection natural gas China VI engines, aiming to increase the thermal efficiency of natural gas engines from the current 39% to 42.5%, and realize the engineering implementation of major components in Shandong.
On March 29, 2018,Weichai Power held its 2017 Annual Results Announcement Conference in Hong Kong. In 2017, Weichai Power’s operating revenue was 151.569 billion yuan, up by 62.7% year-on-year; the net income attributable to the mother company was RMB 6.81 billion, an increase of 178.9% year-on-year; and the ROE was over 20%.
On February 5, 2018,Weichai Group held the Hitting RMB 200 Billion Commendation Conference & Moving Towards $100 Billion Pep Rally. It summed up and commended the advanced collectives that had made outstanding contributions to the development of the company, and sounded the bugle to move towards $100 billion.
On September 17-19, 2018, Tan Xuguang visited Stanford University again, and this was his fifth visit in two years.
On the award ceremony of third China Quality Award held on November 3 Weichai Power won the “China Quality Award” relying on “WOS Quality Management Process” and Wang Yong, the State Councilor issued the award to Tan Xuguang, the chairman of Weichai Power.
In the afternoon of March 6, 2019, the Shandong delegation of the Second Session of the 13th National People's Congress held a plenary meeting to review the government work report open to Chinese and foreign medias.
At 11 AM local time on March 20, the 2019 Leonardo Award Ceremony was held at the Barberini Palace in Rome. Tan Xuguang, Chairman of Weichai Group and Ferretti Group, won the Leonardo International Award in recognition of his outstanding contribution to the strategic restructuring of the Italian Ferretti Group and the economic exchanges between China and Italy.
On June 5, 2019,Weichai Group held the pep rally of “Work hard for first half of the year to fully realize the budget target”. Tan Xuguang proposed to fully seize the effective market, accelerate the transformation to service-oriented manufacturing company, stimulate the innovation vitality of all employees, and promote the progress of moving towards the world first class.
At 14:30 on June 7, 2019, the 23rd St. Petersburg International Economic Forum was held. Chinese President Xi Jinping and Russian President Putin attended the Forum. With the deepening of Sino-Russian relations, China has become an important participant in Russia's most important international economic forum. As an important force in Sino-Russian bilateral economic cooperation, Tan Xuguang, chairman of Weichai Group, was invited to participate in the forum.
On June 26, 2019, the White Paper on China's Hydrogen Energy and Fuel Cell Industry was released in Weichai.
On July 25, 2019, the Science and Technology Innovation and Development and Science and Technology Awards Conference of Weichai Group was held in Weifang.
On August 23, 2019, the buses equipped with Weichai hydrogen fuel cells were put into operation in batches in Weifang, Shandong Province.
On August 28, 2019, Tan Xuguang was awarded the title of "Outstanding Entrepreneur of Shandong Province" and the first-class merit award.
On October 1, 2019, Weichai released its new logo with “AI” factor to the world, with the slogan "Intelligent future drives dreams".
On October 19, 2019, the Qingdao Multinationals Summit opened in Qingdao. Tan Xuguang, Chairman of Shandong Heavy Industry Group, Weichai Group and China National Heavy Duty Truck Group, was invited to participate, sharing Chinese wisdom with the world's leading multinational entrepreneurs and highlighting the Chinese entrepreneurial style.
On October 22, 2019, Chairman Tan Xuguang won the 7th Shandong Provincial Governor Quality Award.
On November 3, 2019, the 3rd China Enterprise Reform and Development Forum officially opened. Tan Xuguang, secretary of the Party Committee and Chairman of Shandong Heavy Industry Group, was invited to participate in the main forum and deliver a keynote speech.
On November 5, 2019, the 2nd China International Import Expo was grandly opened in Shanghai. Liu Jiayi, Secretary of the CPC Shandong Provincial Committee, led a team to visit the Weichai overseas brand exhibition area.
On November 24, 2019, Weichai made another step in the hydrogen industry by putting 40 hydrogen fuel cell buses into Jinan.
On December 7, 2019, Liu Jiayi, Secretary of the CPC Shandong Provincial Committee, led a team to visit Weichai (Tokyo) Science and Technology Innovation Center.
On January 15, 2020, Weichai Power signed strategic cooperation agreements with Germany's ARADEX AG and Austria's VDS Holding GmbH in Jinan, Shandong Province, embarking on a new journey of cooperation.
In March 2020, Weichai Power held its 2019 annual performance press conference via live-streaming; Tan Xuguang presided over the 2nd Global CEO and CFO Video Conference of Weichai Holding Group Co., Ltd. at the headquarter of Shandong Heavy Industry Group Co., Ltd. in Jinan, Shandong Province, to coordinate the efforts of overseas subsidiaries in epidemic prevention and control, production and operation, as well as financial status; Weichai's new plant, with a capacity of 20,000 hydrogen fuel cell engines, was officially put into operation.
In April 2020, Tan Xuguang hosted a video mobilization meeting titled as "Rally for Hundred Billion Revenue in the Second Quarter" of Shandong Heavy Industry Group and Weichai Power in Jinan.
On June 1,2020， “Hydrogen Energy Demonstration City in Weifang” and 150 Weichai Hydrogen Fuel Cell Buses Operation Ceremony was held.
On September 16, 2020, Weichai Group, a leader in China's internal combustion engine industry, held a launch ceremony in Jinan, Shandong, China, officially launching the world's first commercialized diesel engine with a brake thermal efficiency over 50%.
On December 28, 2020, Weichai Group ushered in a new milestone that is the official announcement of the production and sales of engines in 2020 exceeding 1 million units.
On Jan. 6, 2021, Weichai Group held a press conference in Jinan, Shandong. Tan Xuguang, Chairman of Shandong Heavy Industry Group, Weichai Group, and China National Heavy Duty Truck Group announced that, with the approval of Shandong Provincial SASAC, Weichai Group officially completed the strategic reorganization of Lovol Heavy Industries. Weichai Group now holds 60% stock equity in Lovol Heavy Industry and becomes its controlling shareholder.
In April, 2021, the Shandong Science and Technology Innovation Conference was held in Jinan. Tan Xuguang was awarded the 2020 Shandong Top Science and Technology Award. The National Fuel Cell Technology Innovation Center, led by Weichai Power, officially settled in Shandong.
On August, 2021,Weichai ushered in a milestone moment, announcing the delivery of the 400,000th China VI engine and officially launching Weichai’s service for China VI engines in more than 1,000 cities, more than 10,000 service stations with more than 100,000 elite service staff.
On November, 2021, the first delivery ceremony of Weichai-Shenhua Wuhai 150-ton large mining trucks was held in Yangzhou. The CPC Committee Secretary, Chairman of Shandong Heavy Industry Group, and Chairman of Weichai Group Tan Xuguang delivered the "Golden Key" to Shenhua Wuhai Company;China Yangtze River Shipping Group Co., Ltd..
On December , 2021, Qingdao Government and Weichai Group signed a strategic cooperation memorandum and agreed on Weichai Power’s Global Future Technology R&D Center, Weichai Power (Qingdao) Technology Incubation Center, Weichai (Qingdao) Marine Equipment manufacturing center and other projects in a package of strategic cooperation agreements.
On January , 2022, Weichai Group held a ceremony in the production workshop of the Weifang headquarters to celebrate Weichai Group’s production and sales of 1.05 million engines in 2021.
On February , 2022, 2022 Work Mobilization Conference of Shandong Province was held to commend the outstanding entrepreneurs, industry leaders and outstanding entrepreneurs. Tan Xuguang, Secretary of the CPC Committee and Chairman of Shandong Heavy Industry Group, was awarded the title of "Outstanding Entrepreneur in Shandong Province" and was awarded the first-class merit.
On March 31, 2022, the Hong Kong listing ceremony of Ferretti Group was held in Jinan, Shandong.
On May 19, 2022, the unveiling ceremony of the National Internal Combustion Engine Industry Metrology and Testing Center (in preparation) was held in Weichai.