Shandong Heavy Industry Group Co., Ltd. is a wholly state-owned company established by transferring all state-owned property rights of Wei Chai Holding Group Co., Ltd., Shandong Construction Machinery Group Co., Ltd. (hereinafter referred to as Gong Shan Group) and Shandong Automobile Group Co., Ltd. and the state-owned equity of Shandong Degong Machinery Co., Ltd. held by Shandong Communications Industry Group Company. The State-owned Assets Supervision and Administration Commission of Shandong Provincial People's Government is the backbone enterprise of Shandong equipment manufacturing industry.
The newly established Shandong Heavy Industry Group has become an equipment manufacturing group with strong competitiveness and core technology at home and abroad. The Group focuses on developing an industrial chain with electricity as its core competitiveness. Through reorganization and integration, Shandong Heavy Industry Group has formed new advantages in talent, R&D and market, with 620 doctoral and master students majoring in management, engineering and finance, 4 national R&D centers and 6 provincial R&D centers.
It is a pillar enterprise in Shandong Province and a national key enterprise.