Who is the owner of Weichai?
Founders and Early Ownership of Weichai Power trace to the 2002 corporatization of Weifang Diesel Engine Factory, with state-owned Weichai Group (later under Shandong Heavy Industry Group Co. Ltd. Tan Xuguang led the transformation and market reforms. 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.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.
What is Weichai’s history?
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. Chinese machinery manufacturer Lovol has been making inroads all over the world with its products available at a more competitive price than many of their big-name competitors, but with the same and often higher quality and reliability.As China’s largest agricultural machinery manufacturer, Weichai Lovol achieved a record-high revenue of 17.Weichai Lovol Intelligent Agricultural Company Introduction 🚜Weichai Lovol Intelligent Agricultural is China’s largest agricultural equipment brand and the only Chinese brand that provides total mechanization solutions for modern agriculture.The Lovol Heavy Industry Group is a wholly state-owned subsidiary strategic business unit of China-based Weichai Holding Group under Shandong Heavy Industries. Lovol was established in 1998, and has emerged as a prominent Chinese industrial equipment manufacturer in the same league as XCMG, Sany and LiuGong.Founded in 1946, Weichai now has more than 90,000 employees around the globe and achieved sales revenue of $42 Billion (USD) in 2021.