Weichai Power Co., Ltd. was established in 2002 and is headquartered in Weifang, Shandong, the beautiful kite capital of the world. This company is a modern enterprise system established by the former Weifang Diesel Engine Factory (transformed into "Wei Chai Holding Group Co., Ltd." in August 2007) in conjunction with domestic and foreign investors. This is the first H-share listing in China.

With more than 30,000 employees, the enterprises that went back to the mainland to re-list A shares are the largest auto parts enterprise group in China. The company has a subsidiary cluster composed of 40 high-quality enterprises, including Shaanxi Heavy Truck Co., Ltd., Shaanxi Fast Gear Co., Ltd., Zhuzhou Xianghuo Spark Plug Co., Ltd. and Mudanjiang Futong Automobile Air Conditioning Co., Ltd.

It has built a new pattern of coordinated development of powertrain (engine, gearbox and axle), commercial vehicles and auto parts, and has become the only group in China with three business segments at the same time.

The Development Course of Wei Chai:

1984, the State Development Planning Commission of China and the State Economic Commission of China confirmed that Wei Chai Factory was one of the designated factories for developing and producing Steyr WD6 15 series diesel engines. In the same year, the State Economic Commission issued the "Reply on Agreeing to Change the Subordinate Relationship of Weichai Factory", which confirmed that Weichai Factory was one of the designated diesel engines for heavy vehicles.

1989 10, Wei Chai production line successfully passed the completion acceptance organized by the state, and the WD6 15 series diesel engines for heavy trucks were put into operation in the same year. In 1990, 1992 and 1994, Wei Chai factory developed and introduced different models of WD6 15 series diesel engines for generator sets, construction machinery and ships respectively.

1999 10, Wei Chai factory acquired Sichuan Changjiang diesel engine factory, which expanded the production capacity of WD6 15 series diesel engines.

Reference to the above content: Baidu Encyclopedia-Wei Chai