Weichai was founded in 1946 and is a core subsidiary of Shandong Heavy Industry Group Co., Ltd. It has developed into a leading industrial equipment multinational corporation in China with significant global influence. It owns well-known domestic and international brands such as Weichai Power, Shaanxi Heavy Duty Trucks, Weichai Lovol Smart Agriculture, Fast Gearbox, Hand Truck Axle, Torch Spark Plugs, as well as Italian Ferretti, German KION, German Hydraulic Transmission, American Dematic, American PSI, French Baudouin, and Canadian Ballard. It has seven listed companies both domestically and internationally, with 10 stocks. With a global workforce of 100,000 employees, the group generates annual total revenue exceeding 300 billion yuan.
Its core businesses span six major sectors: power systems, commercial vehicles, agricultural equipment, construction machinery, smart logistics, and marine transportation equipment. Subsidiaries and branches are established across Europe, North America, Asia, and other regions, with products exported to over 150 countries and regions worldwide. It leads the world in sales of heavy-duty engines and heavy-duty transmissions, is a global leader in industrial forklifts and luxury yachts, holds the top position in China for agricultural equipment sales, and is a leader in China for heavy-duty trucks. It has established ten cutting-edge innovation centers worldwide and built a global collaborative R&D system. It has won nine national-level science and technology awards, including one First Prize for National Science and Technology Progress (2018).
The company operates national-level innovation platforms including the National Key Laboratory of Internal Combustion Engines and Power Systems, the National Fuel Cell Technology Innovation Center, the National Engineering Research Center for Commercial Vehicle Power System Integration, the National Industrial Design Center, the National Quality Inspection and Testing Center for Internal Combustion Engines, the National Metrology and Testing Center for the Internal Combustion Engine Industry, and the National Recognized Enterprise Technology Center. It also maintains research bases such as a “Postdoctoral Research Station.”
The company has been awarded the title of National Demonstration Base for Talent Introduction and Intelligence, and has consistently upheld the principle that human resources are the first resource and talent development is the first priority, actively recruiting talent from around the world.
