Weichai Power Co., Ltd. was founded in 2002, with Weichai Holding Group Co., Ltd. as the main sponsor. Weichai Power has built different industrial bases: for all series power, for heavy-duty vehicle and powertrain, for big-power engine and light-duty vehicle, and for automobile electronics and parts. The company owns several R&D centers around the world. Regarding Research and Development, Weichai Power has been involved into 22 national "863 project". It achieved 1437 product and technology patent licenses, and participated in establishing around 45 industry and national standards. In the recent years, Weichai Power has introduced several whole series of automotive diesel engines which met National IV and National V standards. Also, the company independently developed an Electric Control ECU which has equipped CNG engines and the WP13 engine for heavy-duty commercial trucks.
Weichai Automotive Co., Ltd., which is wholly owned by Weichai Power Co., Ltd. since 2012.
Weichai Power's acquired, in 2009, a French company which designs and manufactures marine engines named Société Internationale des Moteurs Baudouin. In 2012, the company signed a strategic cooperation agreement with the KION Group, a German company, and Linde Hydraulics, its forklift truck manufacturer and hydraulic technology subsidiary.
Businesses
Weichai Power works in four different sectors: powertrain, vehicle engines, hydraulic products and auto parts. Weichai Power focuses on engines but also on other parts as transmissions, axles, or generating sets for different applications: high-speed light-duty engines, high-speed medium-duty engines, high-speed heavy-duty engines, medium-speed diesel engines, low-speed diesel engines. The main targeted markets include trucks, buses, construction machinery, marine power, power generation, and agriculture machinery... Also, and thanks to its subsidiaries, Linde Hydraulics, Torch Sparks Plugs, Zhuzhou Gear, etc., Weichai Power provides different auto parts including hydraulic parts, spark plugs, gears, piston pins, auto lamps...
Sponsorship
Weichai Power was announced as a new partner of Scuderia Ferrari in January 2013. Weichai Power is the first Chinese company to sponsor Ferrari, and one of the fewChinese companies to sponsor Formula 1. The sponsorship contract has been signed for four years, ending by 2016. A new contract was signed with Ferrari to extend their sponsorship in 2016 for four more years. As of July 2020, they have pulled out of their sponsorship with Ferrari, due to poor performance at the 2020 Austrian Grand prix.
National Awards
In 2007: National quality prize.
In 2011: "WP10 / WP12 series heavy duty high speed engine and key technology" were awarded as a science and technology progress in machinery industry field in China.
In 2013: “Key technology and industrialization of heavy-duty and high-speed diesel engine” project: Second prize of the National Science and Technology Progress Award.
