Industry News | Decoding the Key to Weichai Power's High Quality Development
Recently, multiple media outlets including China Securities Journal, Securities Daily, Phoenix TV, Yahoo Finance, and Hong Kong Business Daily focused on Weichai Power's outstanding performance, decoding the key to high-quality development of the enterprise around the three major strategic transformations of "new energy, digitalization, and aftermarket".
Increase investment in new energyBuild a business growth pole
Since 2010, Weichai has comprehensively laid out the new energy three electric technology route, completed the layout of power batteries, motors, motor controllers, and other products in the entire industry chain and technology chain. In 2024, Weichai will continue to increase its investment
We have released a full range of commercial vehicle and construction machinery power batteries, which have increased the cycle life of the battery system by more than 60%, and the battery pack is 5% lighter than competitors of the same capacity.

Recently, the first battery product of Weichai (Yantai) New Energy Industrial Park Phase I project was put into operation and rolled off the production line. The project has a production capacity of core components such as 20GWh battery PACK. Currently, Weichai's new energy power battery products cover segmented markets such as heavy trucks, light trucks, and construction machinery, and have competitive advantages such as fast charging, high strength, high safety, and long life, which will become a new performance growth engine for the enterprise.
Digitalization empowerment upgradeBuilding a full value chain ecosystem
For over 20 years, Weichai has been continuously promoting the deep integration of digitalization and manufacturing, achieving remarkable results. It has been rated as a global "lighthouse factory", built a globally leading digital unmanned engine factory, and was selected as one of the first "Excellent Intelligent Factories" by the Ministry of Industry and Information Technology. The product development cycle has been shortened by 20%.

At present, Weichai has fully integrated artificial intelligence and established an AI research institute to promote the entire process of "research, production, supply, marketing, and service", digitization, automation, and intelligence. With the advantages of computing algorithms and large group resources, Weichai provides integrated solutions such as intelligent driving, intelligent construction, and intelligent logistics for the industry, accelerating the construction of an intelligent innovation ecosystem covering the entire value chain of high-end equipment.
Extend the value chainStrengthen and expand the aftermarket
Customer satisfaction is our aim. Over the years, Weichai has adhered to the principle of parallel products and services, with more than 5000 service stations, the largest commercial vehicle service call platform, integrated intelligent warehousing management platform, digital service platform

In 2025, Weichai proposes to transform its aftermarket business from selling only accessories to selling service solutions. Based on customer cycle demands, Weichai combines advantageous resources such as products, services, and technology to develop TCO product service solutions that cover a longer value chain, making every kilometer more economical.
Article source: Reprinted from Weichai Information