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Weichai Power Co Ltd (Weichai Power), a subsidiary of Weichai Group Holdings Ltd, xcarries out the research and development, manufacturing, and sale of engines. The company's main activities encompass power systems, commercial vehicles, agricultural equipment and smart logistics. Weichai Power's product offerings include engines, gearboxes, axles, hydraulic systems and new energy powertrains. The company owns several well-known domestic and foreign brands such as Weichai Power engines, Shaanxi Automobile heavy trucks, Weichai Lovol Smart Agriculture, Fast transmission, Hande axles, Torch spark plugs and others. It has operatins in Europe, North America, and Asia. The company's target markets include heavy-duty engines and transmissions, industrial forklifts, agricultural equipment, and heavy-duty trucks. Weichai Power is headquartered in Weifang, Shandong, China.
Headquarters
China
Address
No.197a, Fushou East Street, Hi-Tech Industrial Development Zone, Weifang, Shandong , 261061
Website
www.weichaipower.com
Telephone
86 536 2297068
No of Employees
47,623
Industry
Automotive
Ticker Symbol & Exchange
000338 (SHE)
Revenue (2022)
$30.3B
22.2%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
83.8%
(2022 vs 2021)
Market Cap*
$20.5B
Net Profit Margin (2022)
XYZ
50.4%
(2022 vs 2021)
* As of and is in US$
Weichai Power Co Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Engines | Remanufacturing Services | Weichai |
| Gearboxes | Shaanxi | |
| Axles | Shaanxi Hande Axle | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In February, Shandong Heavy Industry entered an agreement with Orix Group to deepen business cooperation in the leasing of new energy vehicles in Japan. |
| 2023 | Contracts/Agreements | In July, Shandong Heavy Industry entered into an agreement with Indonesia MNC Group for financial leasing, brand publicity, marketing and other aspects of support. |
| 2023 | Contracts/Agreements | In May, the company signed a strategic cooperation agreement with BYD to establish a more comprehensive and in-depth strategic cooperation relationship in the field of new energy. |
Competitor Comparison
| Key Parameters | Weichai Power Co Ltd | Woodward Inc | Chongqing Zongshen Power Machinery Co Ltd | China Automotive Systems, Inc. | Changchai Co., Ltd. |
|---|---|---|---|---|---|
| Headquarters | China | United States of America | China | China | China |
| City | Weifang | Fort Collins | Chongqing | Jingzhou | Changzhou |
| State/Province | Shandong | Colorado | Chongqing | Hubei | Jiangsu |
| No. of Employees | 47,623 | 8,800 | 7,035 | 4,095 | 2,573 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tan Xuguang | Chief Executive Officer; Chairman | Executive Board | - | 62 |
| Wang Decheng | Director; General Manager; Chief Executive Officer | Executive Board | 2023 | 45 |
| Qu Hongkun | Chief Financial Officer | Senior Management | - | 43 |
| Yuan Hongming | Director; President | Executive Board | 2017 | 58 |
| Zhang Quan | Director | Executive Board | - | 60 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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