Road to Development Weichai Innovates to Build an International Blueprint

“Our dream is to become the world's firewood , to create a global leader in Weichai, and let Weichai's brand shine on the world stage.” Weichai Group Chairman Tan Xuguang describes Weichai as such.

What is the key to relying on Weichai to win the dream? As the leader in China's equipment manufacturing industry, Weichai Group has embarked on a unique path of innovation: core technological innovation and international operation innovation. With the implementation of the “One Belt and One Road” strategy, Weichai people and their own dreams of getting firewood are getting closer and closer.

"Innovation based on me and innovation in linkage" casts the soul of development

“Innovation is the soul of the company's development. From a single product to multiple businesses, from the national power to the international firewood, in the past ten years, every step of Weichai's major leap has reflected the contribution and value of technological innovation.” The head of Weichai, Tan Xuguang knows the importance of innovation in the development of the company.

Weichai independent research and development ECU

Weichai is the first company in China to have fully independent intellectual property rights in the country three, national four, national five high-speed high-power Lan engine , the first set of domestic autonomous ECU electronic control system, the industry's only national key laboratory for internal combustion engine reliability ... These Achievement is the best example of Weichai's advancement on the road of independent innovation in recent years.

“Under the principle of “maintaining me as the mainstay and linking innovations”, we have constantly broken through monopolies in the field of technological innovation and continuously climbed the peak. We have established a global collaborative R&D center in China, the United States, Germany, Italy, and France. Many research and development platforms such as the State Key Laboratory have formed nearly 3,000 technologies and patents with independent intellectual property rights,” Tan Xuguang said proudly.

National Key Laboratory

As for the State Key Laboratory of Reliability of Internal Combustion Engines, the laboratory has a total investment of 530 million yuan, a construction area of ​​11,200 square meters, scientific research equipment of 370 million yuan and supporting facilities of 120 million yuan. It can meet the research needs of engine reliability, key component reliability, reliability prediction and evaluation, etc. It is a fully functional and outstanding laboratory in the same industry in China. “At the beginning of the laboratory application, some experts questioned: 'What is the reliability of advanced technology? It is better to declare new energy-saving technologies, materials, and other lightweight technologies.'” said Wei Dehui, vice president of Weichai Power, Weichai still insisted on reporting at the time. Reliability, because it was discovered when benchmarking with the international industry, reliability is the biggest gap between China's internal combustion engine and the world's advanced level. Moreover, the improvement of reliability is the basis and prerequisite for the development of energy conservation, emission reduction, and light weight.

Weichai insists on global talent training and self-directed training, attracting talented people and creating an equal environment, building a global gathering of talents. Weichai established a professional recruitment team led by the chairman of the board of directors and visited many places in Europe and the United States to attract talented people and introduced more than 300 high-end talents. Among the talents of Weichai Science and Technology, 1 person was selected as the “National Talent Project”, 6 people were selected as the “Thousand-person Project”, 9 were selected as the leading talents in the Taishan industry, and 11 were granted special government allowances from the State Council, 15 people. Was named chief technician of Shandong Province.

Weichai engine production line

Today, Weichai is embracing the Internet, relying on intelligent manufacturing demonstration bases and digital workshops to build an intelligent manufacturing model with the characteristics of Weichai, speeding up the construction of Weichai's smart factories, advancing the implementation of industrial Internet planning, and leading enterprises in intelligent manufacturing. Forefront.

"Culture integration, goodwill acquisition" paves the way for internationalization

With the advancement of the “One Belt and One Road” strategy and the enhancement of the company’s own strength, Weichai has already begun its global deployment. From export trade to international mergers and acquisitions, Weichai’s internationalization is also accelerating.

In recent years, Weichai has successively acquired internationally renowned companies such as Baudouin of France, Ferretti of Italy, Kion Group of Germany, and Linde Hydraulics, and has achieved leading sales of heavy-duty engines and leading hydraulics industry.

In Tan Xuguang's view, mergers and acquisitions are not "eating" but fusion. "Culture integration, goodwill acquisition" is a key weight for Weichai's success. When acquiring the Baudouin company in France, Weichai offered only 2.99 million euros, and a foreign bidder once bid to reach 15 million euros. How Weichai succeeded in winning at a low price? The reason was that Weichai promised that more than 100 employees at Baudouin would not be laid off, while competitors demanded 30% immediate layoffs. In the end, Weichai was recognized.

In the acquisition of the German KION Group and Linde Hydraulics, Weichai beat the well-known foreign investment banks after half a year's game, setting a record for Chinese companies' M&A in Germany to date. Today, Weichai has integrated “engine + hydraulics” to create a global hydraulic powertrain system, and plans to “recreate a firewood” in the next 5 to 8 years.

Weichai factory area

“At present, these mergers and acquisitions companies have achieved a good momentum of development. We have also achieved resource sharing and coordinated development with Weichai. We have taken concrete steps to achieve our goals and promises at the time of M&A, demonstrating that Chinese companies can fully integrate. Good leading companies in developed countries." Tan Xuguang said.

Today, Weichai's domestic and international businesses each account for half of the country, becoming a gold brand for China's equipment manufacturing industry with strategic operations covering the globe and leading internationalization.

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