Weichai's sales revenue exceeded RMB 22 billion in the first half of this year

In the first half of this year, Weichai also made an amazing leap: engine production exceeded 140,000 units, and sales revenue exceeded 22 billion yuan, surpassing full-year levels last year. Supporting Weichai to complete this leap is the full bloom of more than 200 new products on the market.

Strong technical accumulation has enabled Weichai to achieve a sound and rapid development, and the market share has continued to grow. From January to June, Weichai achieved sales revenue of 22.1 billion yuan, an increase of 92.4% year-on-year; and profits and taxes of 2.77 billion yuan, an increase of 120.9% year-on-year. Among them, the ratio of the output value of new products to the total output value is 42.58%, and the profits provided exceed 60%.

“Especially the WD12 engine, after continuous R&D and technical reserves, production capacity has been released. In 2006, 2,530 units were produced in the whole year, and in the first half of this year, the average monthly production was over 2,000.” Lu Wenwu, Factory Manager of Weichai No. 1 Factory, told reporters .

The WD12 engine is a super power developed specifically for China's heavy-duty commercial vehicles after five years of research and development. It fills the domestic gap and reaches the international advanced level of similar products. At the same time, as a personalized product, this is also the product of changes in Weichai's innovative thinking.
Tan Xuguang, chairman of Weichai Power, said that since the company absorbed the merger of the Hunan Torch and completed restructuring of Shandong Juli, it has established a group-based structural platform and the product structure has undergone major changes. It is no longer a single diesel engine manufacturer. It is a multi-product enterprise group with powertrain and commercial vehicle manufacturing, and its product chain and industrial chain are expanding. As a result, corporate innovation has also shifted from single innovation to linked innovation. Module, integration, and individualized innovative ideas have adapted to the requirements of the company's new changes.

Continuous innovation has always been an important embodiment of Weichai's internal reason and core competitiveness that leads the competition. In Weichai, only research and development funds are not capped. In order to enhance its R&D capabilities, Weichai has invested 100 million yuan to build a first-class R&D center in Europe, the world's most advanced engine technology. The R&D center established in the United States is in operation.

At present, Weichai is establishing a “large-scale technology system” that combines enterprise-oriented, market-oriented, and production-study-research-combination, and takes the powertrain research institute as its core, other parts as radiation, and domestic and foreign research institutions to participate in the operation. Mechanisms, promote cooperation with international agencies, integrate domestic and international technology research and development resources, and enhance international technology research and development capabilities.

Three years ago, Weichai successfully developed the first Euro III engine in the country and it has begun to be listed in small quantities this year. At the same time, the Euro IV engine has completed prototyping and is four years ahead of the time when the state enforced this standard; currently, The development of the Euro V engine has also entered the preparatory phase. It is this technologically advanced advancement that has enabled Weichai to continuously develop new markets.
View related topics: Weichai Power: Expanding Auto Parts Gold Industry Chain

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