Is Weichai Power a State-owned Enterprise?

1. Weichai Power Co., Ltd. was established in 2002. It was founded by Wei Chai Holding Group Co., Ltd. as the main sponsor, together with domestic and foreign investors. The company's main business mainly covers heavy truck industry chain and intelligent logistics related business.

2. Wei Chai has R&D platforms, such as the State Key Laboratory of Internal Combustion Engine Reliability, the National Commercial Vehicle Powertrain Assembly Engineering Technology Research Center, the National New Energy Powertrain Industry Innovation Strategic Alliance for Commercial Vehicles and Construction Machinery, and the National Specialized Creative Space, as well as research bases such as the "postdoctoral workstation" and the National Intelligent Manufacturing Demonstration Base.

3. Wei Chai's two-wheel drive operation strategy of power product management and capital operation is committed to building products with three core competitiveness: quality, technology and cost, and has successfully built a pattern of coordinated development of powertrain, complete vehicle and intelligent logistics, with brands such as Weichai Power Engine, Express Transmission, Hande Axle, Shaanxi Automobile Heavy Truck and Linde Hydraulic.

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