Is Weichai Power State-owned?
Weichai is a Chinese state-owned enterprise listed on the Main Board of both the Hong Kong Stock Exchange and Shenzhen Stock Exchange with a market cap of over USD$18 billion. Weichai Power Co. Ltd. Chinese developer and manufacturer of diesel engines in Weifang, Shandong in the People’s Republic of China. It also manufactures forklifts and non-diesel engine automotive parts. Weichai Power Co. Ltd. Shandong Heavy Industry Group Co. Ltd.From the origins to 2007. Weichai, formerly known as Yucheng Ironworks, was founded in 1946 in Weihai, Shandong Province, China. Based on this company, the ministry of People’s Armed Forces of Weihai established Jianguo Ironwork Cooperatives which was later renamed Coastal Ironworks.
Where is Weichai located?
Founded in 1948, Weichai is a multi-field and multi-industry international group owning powertrain, vehicle, construction machinery, intelligent logistics, agricultural equipment, marine transportation equipment and other business segments. The corporate headquarters are located in Weifang, Shandong province, China. When it comes to power solutions, Weichai generators are known for their exceptional quality. As a leading brand in both the Chinese and global markets, Weichai has built a solid reputation in the engine and power generation sectors, including marine applications.
How many employees does Weichai have?
Founded in 1946, Weichai now has more than 90,000 employees around the globe and achieved sales revenue of $42 Billion (USD) in 2021. Weichai is a Chinese state-owned enterprise listed on the Main Board of both the Hong Kong Stock Exchange and Shenzhen Stock Exchange with a market cap of over USD$18 billion.