Weichai Group reports surge in overseas business

(chinadaily.com.cn)| Updated : 2024-12-11

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The 2025 Weichai Global Partners Conference is held in Weifang, East China's Shandong on Dec 10. [Photo provided to chinadaily.com.cn]

The 2025 Weichai Global Partners Conference was held in Weifang, East China's Shandong on Dec 10, and dealers, agents, and consumers from around the world gathered together to deepen cooperation, strengthen friendships, and plan for the future.

Attendees had the opportunity to observe Weichai's new products and engage in discussions about the cooperative development plan for 2025, which includes Weichai's multi-scenario, personalized, and modular product solutions, earning praise from global partners.

In 2024, Weichai Power's export volume and revenue are expected to increase by 8 percent and 13 percent respectively compared to the previous year. Particularly noteworthy is the strategic breakthrough achieved by the data center power generation products in developed markets such as Europe, the United States, and Southeast Asia, with export revenue increasing nearly sixfold.

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The 2025 Weichai Global Partners Conference is held in Weifang, East China's Shandong on Dec 10. [Photo provided to chinadaily.com.cn]

Currently, Weichai has developed over 40 product platforms and more than 120 product series, widely applied in areas including commercial vehicles, construction machinery, agricultural equipment, energy and power, and marine equipment. Among these, the heavy-duty power systems rank first globally in sales volume, energy and power systems rank in the top three globally, and medium-speed marine power systems also rank in the top three globally. Marine power and especially energy and power have become two major engines driving Weichai's overseas market.

In 78 years, Weichai has accrued profound R&D capabilities. Through its refined R&D process, the company can make a competitive product performance system based on the characteristics of different global market segments, leveraging its unique global R&D database to deliver high-quality products to customers. With investment exceeding 10 billion yuan ($1.38 billion), Weichai has established testing capabilities covering the entire R&D process for engines.

The company has set up three supply chain centers overseas, actively encouraging domestic suppliers to invest in overseas manufacturing plants to meet local market demands.

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The 2025 Weichai Global Partners Conference is held in Weifang, East China's Shandong on Dec 10. [Photo provided to chinadaily.com.cn]

Currently, Weichai's global engine inventory has exceeded 6.5 million units, with over 1.2 million units held overseas, displaying the remarkable performance of Weichai products on a global scale.

According to official data, in 2024, Weichai's data center power generation products achieved strategic breakthroughs in developed markets such as Europe, America, and Southeast Asia, with export revenue increasing nearly sixfold year-on-year.

In 2025, Weichai will continue to anchor its globalization strategy, focusing on value-driven approaches, technological leadership, and high-end upgrades. The company aims to engage in deeper, better, and more extensive strategic cooperation across various fields with its global partners.