Is Weichai Power a State-owned Enterprise?

Weichai Power was founded by Wei Chai Holding Group Co., Ltd. as the main sponsor and jointly sponsored by domestic and foreign investors.

Weichai Power Co., Ltd. (HK2338, SZ000338) was established in 2002. It was founded by Wei Chai Holding Group Co., Ltd. as the main sponsor, in conjunction with domestic and foreign investors. China's internal combustion engine industry is listed on H shares in Hong Kong, and it is also a company that has returned to the mainland from overseas to re-list on A shares. In 20 19, the enterprise realized operating income of1743438+0 million yuan and net profit of 9 105 million yuan.

Committed to building products with three core competitiveness: quality, technology and cost, we have successfully built a pattern of coordinated development of powertrain (engine, gearbox, axle and hydraulic), complete vehicle and intelligent logistics, and have brands such as Weichai Power Engine, Express Transmission, Hande Axle, Shaanxi Automobile Heavy Truck and Linde Hydraulic.

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Technology research and development

The company has strong R&D capability and is in the leading position in the industry in terms of industrial scale, R&D capability and engineering development system construction. The company has established a modern "National Technology Center" and a domestic first-class product laboratory, and established a European R&D center in Austria. Many projects have been included in the National "863 Plan".

In 2005, the company successfully launched the "blue engine" Euro III diesel engine with independent intellectual property rights, which reached the international leading level in noise and fuel consumption and was comparable to the international advanced products. On this basis, in 2007, the company independently developed an engine that reached the national IV emission standard, and successfully equipped heavy trucks, once again writing a new glory of "China Creation" in the equipment manufacturing industry.

Wei Chai Weichai Power Co., Ltd.