![]() | This article contains promotional content .(October 2015) |
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Native name | 潍柴动力股份有限公司 |
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SEHK: 2338 SZSE: 000338 | |
Industry | Industrial machinery |
Founded | 2002 |
Headquarters | , |
Area served | Worldwide |
Key people | Chairman: Tan Xuguang [1] |
Products | Automotive parts Diesel engines Forklifts |
Revenue | $28.38 billion (2021) [1] |
$1.334 billion (2021) [1] | |
Number of employees | 81,600 (2021) [1] |
Parent | Shandong Heavy Industry Group Co., Ltd. [2] |
Subsidiaries | Moteurs Baudouin |
Website | www.weichaipower.com |
Weichai Power Co., Ltd. is a Chinese developer and manufacturer of diesel engines in Weifang, Shandong in the People's Republic of China. It also manufactures forklifts and non-diesel engine automotive parts. [3]
Weichai Power was founded on 23 December 2002. [3] Its shares began trading on the Hong Kong Stock Exchange in 2004 [4] and the Shenzhen Stock Exchange in 2007. [5]
In 2009, Weichai bought French marine engine manufacturer Moteurs Baudouin. [2] In 2012, it agreed to buy a 25% stake in German forklift manufacturer KION Group for €738 million; [6] the stake grew to 38.25% by 2016.
Weichai became the first Scuderia Ferrari sponsor from China in January 2013; the sponsorship was to end in 2016. [7]
The company appeared on the Fortune 500 list for the first time in 2021, ranking 425th. [1] [8]
Since 1999, Weichai Group has partnered itself with Bosch, an engineering company based in Gerlingen, Germany, to share research and development on technologies such as fuel cells and common rail fuel-injection systems. On November 3, 2023, they both signed a strategic cooperation agreement where they agreed to cooperate on the development of new technologies, such as high thermal efficiency diesel engines. [9]
In 2023 Weichai partnered with BYD, a Shenzhen-based [10] electric vehicle manufacturer and also the biggest electric vehicle manufacturer in the world. Both companies plan to develop new electric vehicle technology, as Weichai has planned since 2010 to focus on new energy options and has invested approximately $550 million in research and development of electric, hybrid and hydrogen fuel cell engines. [11]
In 2024 Weichai demonstrated the most efficient diesel engine in the world at the World Congress on Internal Combustion Engines in Tianjin, China. This diesel engine has 53.09% thermal efficiency as verified by Technischer Überwachungsverein, an international testing body. It is expected that the engine would perform with 14% better fuel efficiency than previous engines, which would reduce operating costs and reduce carbon footprint. [12]
A fuel cell is an electrochemical cell that converts the chemical energy of a fuel and an oxidizing agent into electricity through a pair of redox reactions. Fuel cells are different from most batteries in requiring a continuous source of fuel and oxygen to sustain the chemical reaction, whereas in a battery the chemical energy usually comes from substances that are already present in the battery. Fuel cells can produce electricity continuously for as long as fuel and oxygen are supplied.
Ballard Power Systems Inc. is a developer and manufacturer of proton exchange membrane (PEM) fuel cell products for markets such as heavy-duty motive, portable power, material handling as well as engineering services. Ballard has designed and shipped over 400 MW of fuel cell products to date.
A fuel cell vehicle (FCV) or fuel cell electric vehicle (FCEV) is an electric vehicle that uses a fuel cell, sometimes in combination with a small battery or supercapacitor, to power its onboard electric motor. Fuel cells in vehicles generate electricity generally using oxygen from the air and compressed hydrogen. Most fuel cell vehicles are classified as zero-emissions vehicles. As compared with internal combustion vehicles, hydrogen vehicles centralize pollutants at the site of the hydrogen production, where hydrogen is typically derived from reformed natural gas. Transporting and storing hydrogen may also create pollutants. Fuel cells have been used in various kinds of vehicles including forklifts, especially in indoor applications where their clean emissions are important to air quality, and in space applications. Fuel cells are being developed and tested in trucks, buses, boats, ships, motorcycles and bicycles, among other kinds of vehicles.
BYD Auto Co., Ltd. is the main automotive subsidiary and brand of BYD Company, a publicly listed Chinese multinational manufacturing company. It manufactures passenger battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), collectively known as new energy vehicles (NEVs) in China. It also produces electric buses and trucks. The company sells its vehicles under the main BYD brand and high-end vehicles under its Denza, Yangwang and Fangchengbao brands.
An electric truck is a battery electric vehicle (BEV) designed to transport cargo, carry specialized payloads, or perform other utilitarian work.
A gas engine is an internal combustion engine that runs on a fuel gas, such as coal gas, producer gas, biogas, landfill gas, natural gas or hydrogen. In the United Kingdom and British English-speaking countries, the term is unambiguous. In the United States, due to the widespread use of "gas" as an abbreviation for gasoline (petrol), such an engine is sometimes called by a clarifying term, such as gaseous-fueled engine or natural gas engine.
Zhongtong Bus Holding Co., Ltd. is a Chinese bus manufacturing company based in Liaocheng, Shandong Province. The company is listed on the Shenzhen Stock Exchange, and is one of China's major bus makers.
Kion Group AG is a German multinational manufacturer of materials handling equipment, with its headquarters in Frankfurt, Hesse, Germany. Its principal products are intralogistics, warehouse automation equipment, and industrial (forklift) trucks. Kion Group was founded in 2006 by the demerger of Linde's materials handling equipment operations. It is the world's second-largest manufacturer of forklifts measured by revenues.
An alternative fuel vehicle is a motor vehicle that runs on alternative fuel rather than traditional petroleum-based fossil fuels such as gasoline, petrodiesel or liquefied petroleum gas (autogas). The term typically refers to internal combustion engine vehicles or fuel cell vehicles that utilize synthetic renewable fuels such as biofuels, hydrogen fuel or so-called "Electrofuel". The term can also be used to describe an electric vehicle, which should be more appropriately called an "alternative energy vehicle" or "new energy vehicle" as its propulsion actually rely on electricity rather than motor fuel.
A battery electric bus is an electric bus that is driven by an electric motor and obtains energy from on-board batteries. Many trolleybuses use batteries as an auxiliary or emergency power source.
An electric car or electric vehicle (EV) is a passenger automobile that is propelled by an electric traction motor, using electrical energy as the primary source of propulsion. The term normally refers to a plug-in electric vehicle, typically a battery electric vehicle (BEV), which only uses energy stored in on-board battery packs, but broadly may also include plug-in hybrid electric vehicle (PHEV), range-extended electric vehicle (REEV) and fuel cell electric vehicle (FCEV), which can convert electric power from other fuels via a generator or a fuel cell.
BYD Company Limited or BYD is a publicly listed Chinese multinational manufacturing conglomerate headquartered in Shenzhen, Guangdong, China. It is a vertically integrated company with several major subsidiaries, including BYD Auto which produces automobiles, BYD Electronics which produces electronic parts and assembly, and FinDreams, a brand name of multiple companies that produces automotive components and electric vehicle batteries.
Shaanxi Automobile Group Co., Ltd., trading as Shacman, is a Chinese bus and truck manufacturer with headquarters in Xi'an, Shaanxi, China.
The electric vehicle industry in China is the largest in the world, accounting for around 58% of global production of electric vehicles (EVs) and more than 1.5 million exports in 2023. In 2023, CAAM reported China had sold 9.05 million passenger electric vehicles, consisting 6.26 million BEVs and 2.79 million PHEV. China also dominates the plug-in electric bus and light commercial vehicle market, reaching over 500,000 buses and 247,500 electric commercial vehicles in 2019, and recording new sales of 447,000 commercial EVs in 2023.
Shenzhen Denza New Energy Co., Ltd., trading as Denza, is an automobile manufacturing company and brand owned by BYD Auto. The brand produces premium plug-in electric vehicles.
The BYD K series bus are a line of battery electric buses manufactured by the Chinese automaker BYD, powered with its self-developed lithium iron phosphate battery, featuring a typical operating range of 250 kilometres (160 mi) per charge under urban road conditions. It is available in several different nominal lengths, from 7.0 to 13.7 m and also as a 18 m (60 ft) (articulated) bus. The rear axle is powered by two electric traction motors; the battery capacity and motor power of each model varies depending on the nominal length and passenger capacity.
Shandong Heavy Industry Group Co., Ltd. is a Chinese state-owned multinational heavy machinery and automotive manufacturing company headquartered in Jinan, Shandong.
The YTO Group Corporation is a Chinese agricultural machinery and construction machinery manufacturer part of Sinomach, a comprehensive machinery conglomerate. Although composed of many subsidiaries and divisions, the company is best known for manufacturing a range of farming products including tractors and combine harvesters. The company was founded in 1955 and become the largest manufacturer of tractors in China. The company also manufactures construction machinery trucks and diesel engines.
Weichai Holding Group Co., Ltd. is a Chinese state-owned enterprise specialized in the design, manufacturing and sale of diesel engines. The company operates on four different business sectors which are engines and vehicles, powertrains, luxury yacht and automotive parts. Headquartered in Weifang, Shandong Province, China, the Weichai Group is holding more than 80 subsidiaries set throughout China and overseas. The group offers products, services and technologies for commercial vehicles, construction machinery, marine power, agriculture machinery and power generation. Thanks to its subsidiaries, it also provides transporting equipment, buses, luxury yachts and hydraulics products. Having more than 35 offices and 245 authorized services stations through the world, Weichai products are sold in approximately 110 countries.
000338 WEICHAI POWER 2007-04-30 6,783,516,821 5,049,762,516 C Manufacturing