The company operates on four different business sectors which are engines and vehicles, powertrains, luxury yacht and automotive parts.
Ten years later, Weichai was named one of the seventy “Daqing-Type” enterprises, a famous national denomination in terms of industrial production.
In 1970, the National Defense Industry requested Weichai to develop and produce the 8V160 type tank engine.
Weichai R&D team successfully developed an 800 hp tank engine and won, in 1978, the National Science Conference Prize.
WD615 passed the national-level project acceptance certification in 1989, establishing a new pattern of parallel development of both medium and high-speed diesel engines for the factory.
Faced to a serious situation in 1998, the new management team made “Three commitments» to lead the company to implement the “Three One-Thirds” Property Reforms through innovation which included labor, personnel, and compensation.
[3] Two years later, the latter was listed on the Hong-Kong stock exchange, starting a new step of International capital development for the company.
In 2006, Weichai Power formed the “International Strategic Alliance” with companies in the industry such as Foton, BOSCH and AVL, in order to explore new approaches for product innovation.
[4] In 2007, Weichai Power was listed on the Shenzhen Stock Exchange, creating the first domestic case of an “H to A” innovative capital operation.
In January 2009, Weichai's acquisitions started with Société Internationale des Moteurs Baudouin,[5] a French company who designs and manufactures marine engines.
The company focuses on controlling the entire industry chain to care about the environment and integrating all resources to play on the global scene.
In more concrete terms, Weichai aims in the next several years to achieve a sales income of 200 billion of yuan and to be in the World Top 500 Enterprises.
Société Internationale des Moteurs Baudouin headquartered in Cassis,[9] France, created in 1918, is the power generation specialist for the marine and inland shipping industry.
Key components: Thanks to its subsidiaries, Linde Hydraulics, Torch Sparks Plugs, Zhuzhou Gear, etc., Weichai Power provides different auto parts including hydraulic parts, spark plugs, gears, piston pins, auto lamps...