Founded in 1946, Weichai Holding Group Co., Ltd. is a leading multinational industrial equipment group in China with significant global influence. The Group has Weichai Power, Shacman Truck, Weichai Lovol Intelligent Agriculture, Fast Transmission, Hande Axle, Torch Spark Plug, Ferretti of Italy, KION of Germany, Linde Hydraulics of Germany, Dematic of the U.S., PSI of the U.S., Baudouin of France, Ballard of Canada and other well-known brands at home and abroad. The Group has 10 stocks from 8 companies listed at home and abroad, a global workforce of 100,000 and an annual revenue of more than 300 billion yuan. It ranks 86th in China's Top 500 Enterprises, 31st in China's Top 500 Manufacturing Industry Enterprises, and 18th in China's top 100 Multinational Companies. It has a multinational index of 39.06%.
The Group’s main business covers powertrain systems, commercial vehicles, agricultural equipment, construction machineries, intelligent logistics, and marine mobility. It has subsidiaries in Europe, North America, Asia and other regions, and its products are exported to more than 150 countries and regions in the world. Its sales volume of heavy-duty engine and heavy-duty transmission is the first in the world; the industrial forklift and luxury yacht are leading the world; the sales volume of agricultural equipment is the first in China; the heavy-duty trucks are leading in China. It has the State key Laboratory of Engine and Powertrain System, the National Fuel Cell Technology Innovation Center, the National Internal Combustion Engine Industry Measurement and Testing Center, the National Internal Combustion Engine Product Quality Inspection and Testing Center, the National Commercial Vehicle Powertrain System Assembly Engineering and Technology Research Center and other national-level platforms. It has also set up frontier innovation centers in many places around the world and has established a global collaborative research and development system. It has won 8 national science and technology awards, including 2 National Science and Technology Progress prizes (2016 and 2018).
Weichai Group has been exemplary in fulfilling its social responsibility, actively practicing green, low-carbon and high-quality development, and leading the equipment manufacturing industry chain to high-end win-win development. It has won honorary titles such as National Civilized Organization, National Advanced Grass-roots Party Organization, Model Company of Independent Innovation, National Innovative Enterprise, China Quality Award, China Trademark Gold Award’s Trademark Innovation Award, China Industry Award, National Corporate Culture Demonstration Base and etc.
On March 8, 2018, when General Secretary Xi Jinping participated in the deliberation of the Shandong delegation at the first session of the 13th National People's Congress, he made an important instruction after listening to the report of Weichai Group: "Weichai has delivered a brilliant result with ten years of development!", "All successful enterprises that have climbed to the top of their career must focus on the main business."