- Business
- Weichai Power Co., Ltd. manufactures and sells diesel engines, powertrains, transmissions, axles, hydraulic products, heavy-duty trucks, commercial vehicles, construction machinery, forklifts, and related components for applications in trucks, buses, marine power, power generation, agriculture machinery, and data centers; it offers brands including Weichai Power Engine, Fast Gear Transmission, Hande Axle, Shaanxi Automobile Heavy Truck, and Weichai Lovol. Founded in 2002 and headquartered in Weifang, Shandong Province, China, the company operates as a subsidiary of Weichai Holding Group Co., Ltd., with global subsidiaries in Europe, North America, Asia, and other regions, exporting products to over 150 countries. Its business segments encompass powertrain systems, commercial vehicles, agricultural equipment, construction machinery, intelligent logistics, and marine mobility, where it holds leading positions such as the world's top sales volume in heavy-duty engines and transmissions, China's top agricultural equipment and heavy-duty trucks. In 2024, Weichai unveiled the world's most efficient diesel engine achieving 53.09% thermal efficiency, launched full-series hydraulic powertrains and hybrid solutions at its Global Partners Conference, reported a 41% year-on-year surge in large-bore engine shipments including a 491% increase for AI data centers with average selling prices exceeding CNY 500,000, and projects 7.7% engine export growth driven by data center power products in North America, Europe, and Southeast Asia. Recent strategic moves include partnerships with Bosch for high thermal efficiency engines and with BYD for electric vehicle technologies, alongside ongoing investments in new energy power aiming to double revenue by 2025.