Weichai
潍柴
Heavy Industry, Machinery & ChemicalsJinan · East (Shandong · Fujian)
Business focus
Heavy Industry, Machinery & Chemicals
Description
Weichai Power (潍柴动力) traces to a 1946 factory; the modern joint-stock company was set up in 2002 in Weifang, Shandong. Beyond its own diesel engines, the group controls Shacman trucks, Lovol farm machinery, Fast transmissions, Hande axles, France's Baudouin (acquired 2009), and a major stake in Germany's KION Group, including Dematic (since 2012). In 2024 it reported revenue of 215.69 billion yuan and net profit of 11.4 billion yuan.