Founded in 1946, Weichai has over 90,000 employees worldwide. With the annual revenue of more than 260 billion RMB in 2019, Weichai ranks the 87th among China’s top 500 enterprises, the 27th among China’s top 500 manufacturing enterprises, and the 2nd among China’s machinery industry top 100 enterprises.
Weichai is a multi-field and multi-industry international group which owns powertrain, vehicle, construction machinery, intelligent logistics, marine transportation equipment, aftermarket services and other business segments. The subsidiaries of Weichai Group spread all over Europe, North America, Asia, and other regions, and its products are exported to more than 110 countries and regions. Weichai Group has 9 stocks from 7 listing companies: Weichai Power (2338.HK; 000338.SZ), Weichai Heavy Machinery（000880.SZ）， Asiastar Bus （600213.SH）, and KION Group (KGX.F).
Weichai pays high attention to science and technology innovation, it owns State Key Laboratory of Engine Reliability, National Engineering Technology Research Center for Commercial Vehicle’s Powertrain, National Innovation Strategic Alliance for New Energy Power System Industry of Commercial Vehicles, National Professional Makers’ Space and other state-level R&D platforms. It has established “Academician Workstation”, “Post-doctoral Workstation” and other research bases, as well as State Intelligent Manufacturing Demonstration Base. It has also built R&D centers in Weifang, Shanghai, Xi’an, Chongqing, Yangzhou, etc., established cutting-edge technology innovation centers in many places around the world, and set up global collaborative R&D platform to make sure that the technology stays at global leading level.