Subsidiaries

The Group owns well-known enterprises in China such as Weichai Power,

SINOTRUK, SHACMAN, Weichai Lovol Intelligent Agriculture, Shantui, Lovol Construction Machinery,

Zhongtong Bus, Fast Transmission, Hande Axle, as well as international well-known brands such as Ferretti in Italy,etc.

WEICHAI
SINOTRUK
SHANTUI
LOVOL
KION Group
FERRETTI Group

    Weichai Holding Group Co., Ltd Founded in 1946, Weichai Holding Group Co., Ltd. is a leading multinational industrial equipment group in China with significant global influence. The Group owns well-known brands at home and abroad, such as Weichai Power, Shacman Truck, Weichai Lovol Intelligent Agriculture, Fast Transmission, Hande Axle, Torch Spark Plug, Ferretti of Italy, KION of Germany, Linde Hydraulics of Germany, Dematic of the U.S., PSI of the U.S., Baudouin of France, Ballard of Canada. The Group has 10 stocks from 8 companies listed at home and abroad. With 100,000 employees worldwide and an annual revenue of more than 300 billion yuan, it ranks 86th in China's Top 500 Enterprises, 31st in China's Top 500 Manufacturing Industry Enterprises, and 22th in China's top 100 Multinational Companies with a multinational index of 48.57%.

The Group’s main business covers six major business sectors such as powertrain systems, commercial vehicles, agricultural equipment, construction machinery, intelligent logistics, and marine transportation equipment. It has subsidiaries in Europe, North America, Asia and other regions, and its products are exported to more than 150 countries and regions in the world. The sales volume of heavy-duty engine and heavy-duty transmission ranks first in the world; the industrial forklift and luxury yacht lead in the world; the sales volume of agricultural equipment is the first in China; the heavy-duty trucks are leading in China. It has national platforms such as the State key Laboratory of Engine and Powertrain System, the National Fuel Cell Technology Innovation Center, the National Internal Combustion Engine Industry Measurement and Testing Center, the National Internal Combustion Engine Product Quality Inspection and Testing Center, the National Commercial Vehicle Powertrain System Assembly Engineering and Technology Research Center. It has established cutting-edge technology innovation centers in many places around the world, and set up global collaborative R&D system. Weichai won 10 national science and technology awards, including 2 first prize of  national science and technology progress awards (in 2016 and 2018).

Weichai Group has been exemplary in fulfilling its social responsibility, actively practicing green, low-carbon and high-quality development, and leading the equipment manufacturing industry chain to high-end and win-win development. It has won honorary titles such as National Civilized Organization, National Advanced Grass-roots Party Organization, Model Company of Independent Innovation, National Innovative Enterprise, China Quality Award, China Trademark Gold Award’s Trademark Innovation Award, China Industry Award, National Corporate Culture Demonstration Base, etc.

On March 8, 2018, when General Secretary Xi Jinping participated in the deliberation of the Shandong delegation at the first session of the 13th National People's Congress, he gave an important instruction after listening to the report of Weichai Group: "Weichai has delivered a brilliant result with ten years of development!", "Any successful enterprises that want to climb to the top of their career must focus on the main business without distraction."

Founded in 1930, China National Heavy Duty Truck Group Co., Ltd. (hereinafter referred to as "CNHTC"), whose predecessor was Jinan Auto Works, is the cradle of China’s heavy truck industry. In 1960,the 8-ton truck Huanghe JN150– Chinese first heavy truck was produced and ended the history that China could not produce heavy trucks by itself. On May 4th, 1960, Chairman Mao Zedong visited the sample truck and gave it high praise when he inspected Jinan. On January 11th, 1966, Chairman Zhu De inscribed two Chinese characters "Huang he" for the truck in person. In the early stages of socialist construction, the "Huanghe" truck enjoyed a nationwide reputation, making significant contributions to national economic development and defense construction, becoming one of the landmark achievements of the Chinese nation's self-reliance and hard struggle. In 1983, under the care of Comrade Deng Xiaoping, the Austrian Steyr Heavy Vehicle Project was successfully introduced, making CNHTC the first enterprise in China comprehensively introduce foreign heavy vehicle manufacturing technology. "Steyr" once became a synonym for heavy trucks in China. In 2007, CNHTC was successfully listed on Hong Kong Stock Exchange.

CNHTC is mainly engaged in the research, development, production, and sales of various types of trucks, large and medium-sized buses, special purpose vehicles, special vehicles, etc. The Company owns a full range of commercial vehicle brands such as Huanghe, SITRAK and HOWO, Zhongtong Bus and is the most comprehensive heavy truck enterprise in China's heavy truck industry in terms of driving forms and power coverage. CNHTC has three listed companies, namely, Sinotruk (Hong Kong) Limited (a red-chip listed company of the Hong Kong Stock Exchange), Sinotruk Jinan Truck Co., Ltd. (listed on the Shenzhen Stock Exchange), and Zhongtong Bus Holding Co., Ltd. (listed on the Shenzhen Stock Exchange). The products of CNHTC have been exported to over 110 countries and regions, accounting for over half of the China’s heavy truck export market. In 2020, the new generation of high-end national brand "Huanghe" heavy trucks was launched globally, leading China's heavy trucks to become world-class.

With the corporate vision of "Build a world-class group of full series of commercial vehicles", CNHTC has accelerated the pace of independent innovation, continued to increase investment in research and development, introduced high-end technical talents, created an entrepreneurial ecosystem, and created high-end national independent brands. CNHTC has the first batch of National Enterprise Technology Center, National Heavy Vehicle Engineering Technology Research Center, and National Heavy Vehicle Quality Inspection and Testing Center in China and its R&D, testing and manufacturing capabilities have reached the world's advanced level. CNHTC has been awarded honorary titles such as "China's Outstanding Innovative Enterprise" and "China's Quality Integrity Enterprise". The project "Key Technologies and Industrialization of Commercial Vehicle Mechanical Automatic Transmission Hybrid Power System Assemblies" has won the second prize in the National Science and Technology Progress Award.

In 2022, the heavy truck sales of CNHTC ranked first in China, and the export of heavy truck products accounted for half of China's industry exports, ranking 158th among the "Top 500 Chinese Enterprises", 69th in the "Top 500 Chinese Manufacturing Enterprises", and 60th in the "Top 100 Most Valuable Chinese Brands".

Shantui Construction Machinery Co., Ltd. (hereinafter referred to as “Shantui”) was formerly established as Yantai Machinery Factory in 1952, and was re-constructed with Jining Machinery Factory, Jining General Machinery Factory and Jining Power Machinery in 1980 as Shandong Bulldozer.

It is a state-owned joint-stock listed company, headquartered in Jining City, Shandong Province, with a total area of more than 2,700mu.Main products include more than ten categories of main engine products such as bulldozer series, road machinery series, concrete machinery series, loader series and excavator series etc., as well as accessories for construction machinery, such as chassis part, drive part and structural part etc. At present, its annual production capacity exceeds 10,000 units of bulldozers, 6,000 units of road machineries, 500 units of concrete mixing plants, 150,000 track assemblies, 1,000,000 wheels for construction machinery, 80,000 units of torque converters and 20,000 transmissions, where the bulldozers have ranked first in global production and sales for 16 consecutive years. Shantui is one of the top 50 manufacturers of construction machinery in the world and one of China’s top 500 manufacturers.

Shantui owns a sound sales system and complete sales service network, and its products are sold overseas in more than 160 countries and territories. At present, there are 27 Shantui monopolized stores, 53 agencies and 320 marketing points within the boundary of China. Shantui has more than 100 overseas agents/dealers, as well as more than 10 overseas subsidiaries in the South Africa,United Arab Emirates, Brazil and the United States. In the aspect of service mode, Shantui aims to “build an enterprise that pays most attention to customers’ individual needs and services”, and provides customers with integrated construction solutions; and the humanized and intelligent top-quality service help Shantui win customers’ praise, thus enhancing brand value of the enterprise.

In recent years, Shantui insists on promoting sustainable development by scientific and technological innovation, and is committed to research in the fields of remote control, intelligent network connection and high-power products etc.for leading the industry forward.In 2019, the world’s first 5G remote-controlled high-power bulldozer was commercialized by us, and thus the level of 5G technology application and intelligent manufacturing was further enhanced; China’s highest-power bulldozer was successfully delivered to the customer, filling the technology gap of domestic high-power bulldozers and laying the foundation for the localization of high-power bulldozers.Meanwhile,we have obtained partial result sin the digital transformation, ourin telligent factory built via the 5G network is maturing, the self-designed intelligent production line and assembly testing equipment have been put into operation.

In the future, Shantui Construction Machinery Co., Ltd. will strive to build an international first-class brand of bulldozers, road machinery, loaders, excavators, and concrete machinery, become a leader in new energy and intelligent equipment, and a construction machinery manufacturer with core technology.

Weichai Lovol Intelligent Agricultural Technology Co., Ltd. (hereinafter referred to as " Weichai Lovol Intelligent Agriculture ") was founded in 2004 and currently employs 10,000 staff. It is the largest agricultural machinery equipment company in China. In December 2020, Weichai Group strategically reorganized Lovol. With the support of Weichai Group, Weichai Lovol Intelligent Agriculture has become a domestic enterprisethat grasps the key core technologies of the entire agricultural machinery industry chain.

The main business of Weichai Lovol Intelligent Agriculture covers tractors, wheeled grain harvesters, crawler grain harvesters, corn harvesting machinery, special harvesting machinery, land preparation machinery, seeding machinery, plant protection machinery, forage machinery, grain drying machinery, etc. The agricultural machinery equipment products and intelligent agricultural service business could provide a whole-process mechanization solution for modern agriculture.

In 2022, Weichai Lovol Intelligent Agriculture achieved sales of 144,000 units, with a sales revenue of nearly 16 billion yuan, winning the "five firsts" in the industry in terms of total sales amount, sales revenue, sales of large tractors with 200 horsepower or above, sales of wheat machines, and sales of corn machines.

Weichai Lovol Intelligent Agriculture focuses on technological innovation and currently has 4 research institutes with 1,800 R&D personnel. Relying on the global R&D platform of Weichai Group, it has established technological innovation centers in the United States, Germany, and Japan, built a global R&D system, and created industry-leading technological advantages in power, transmission, hydraulics, and electric control etc. The company won the second prize of the National Science and Technology Progress Award.

Facing the future, Weichai Lovol Intelligent Agriculture will rely on Weichai Group's core industrial resources such as high-end non-road full-series engines, CVT powertrains and hydraulic powertrains, focus on high-end agricultural equipment, increase investment in research and development, and make breakthroughs in agriculture. The company will modernize and develop cutting-edge technologies, promote high-end and intelligent development of products and services, and build a world-class agricultural equipment group.

The KION Group is a world-leading supplier of industrial vehicles and supply chain solutions. Its expertise covers industrial vehicles, including forklifts, storage technology equipment, as well as integrated automation technology equipment, software solutions and all related services that help to improve the efficiency of supply chain operations. The KION Group provides solutions for factories, warehouses and distribution centers in more than 100 countries and regions around the world, helping them to continuously optimize the flow of materials and information. Currently, KION has internationally renowned brands such as Dematic, Linde, STILL, and Baoli. The total number of employees of the KION Group is about 41,000, and the revenue in 2022 reaches up to  11.1 billion euros.

The KION Group is listed on the MDAX, the German medium-sized company stock index, and its sales volume ranks first in the industrial vehicle industry in Europe, Middle East and Africa (EMEA) region. As of the end of 2022, the KION Group has sold more than 1.7 million industrial vehicles worldwide, with customers on six continents.

The KION Group is a world-leading supplier of industrial vehicles and supply chain solutions. Its expertise covers industrial vehicles, including forklifts, storage technology equipment, as well as integrated automation technology equipment, software solutions and all related services that help to improve the efficiency of supply chain operations. The KION Group provides solutions for factories, warehouses and distribution centers in more than 100 countries and regions around the world, helping them to continuously optimize the flow of materials and information. Currently, KION has internationally renowned brands such as Dematic, Linde, STILL, and Baoli. The total number of employees of the KION Group is about 41,000, and the revenue in 2022 reaches up to  11.1 billion euros.

The KION Group is listed on the MDAX, the German medium-sized company stock index, and its sales volume ranks first in the industrial vehicle industry in Europe, Middle East and Africa (EMEA) region. As of the end of 2022, the KION Group has sold more than 1.7 million industrial vehicles worldwide, with customers on six continents.