Weichai southwest 10 billion engine and vehicle base layout fully launched

On November 28, 2011, Shandong Heavy Industry Weichai Group held the " Chongqing Jiangjin Weichai Group New Investment Project Commencement and Signing Ceremony " in Jiangjin, Chongqing , marking the complete landing of the Weichai Group's strategic layout in the southwest region.

In April 2010, the party and government delegation of Shandong Province attended the Shandong week in Chongqing. Under the supervision of Secretary Bo Xilai, Party Secretary Jiang Yikang, Governor Jiang Daming and Mayor Huang Qifan, Shandong Heavy Industry Weichai Group and Jiangjin District of Chongqing Municipality signed In terms of economic and trade cooperation projects, Shandong Heavy Industries Weichai Group will invest 5 billion yuan in Chongqing Jiangjin to build a “Shandong Heavy Industry billion-dollar Chongqing manufacturing base.” The start-up and signing of this new investment cooperation project is the economic and trade cooperation between the two provinces and cities. The specific implementation of the spirit.

Shandong Heavy Industry Weichai Group currently owns three business segments including complete vehicle, powertrain, and auto parts. It has built a gold industry chain for China's heavy truck industry, and has set up branches in eight regions in Europe, North America, Southeast Asia, and China. Subsidiaries are one of the most comprehensive automotive and equipment manufacturing companies in China and the world’s first supplier of high-speed high-power engines.

In 1999, Weichai Group reorganized and acquired Chongqing Changjiang Diesel Engine Factory (predecessor of Chongqing Weichai Engine Factory). To ensure the rapid development of the enterprise, Weichai Group has continuously increased its technological upgrading and transformation in the past five years. Under the care and support of Jiangjin District Committee and District Government, through more than ten years of pioneering and innovation, the output value, profits and taxes of Chongqing Weichai have increased year by year, and the economic benefits have been steadily improved. The strength of enterprises has been significantly enhanced. From 2000 to 2010, the annual output of high-speed and high-power diesel engines has been increased from 400 to 60,000; the annual output of medium-speed marine diesel engines has been increased from 2 to 2,000; the total industrial output value has increased from 30 million yuan to 3.4 billion yuan. Sustained, healthy and stable development has made due contributions to the sound and rapid economic and social development of Chongqing and Jiangjin District. Since 2008, Chongqing Weichai has been awarded the “State Enterprise Contribution Award” by Chongqing for three consecutive years. In 2010, it ranked 13th among the “Top 50 Industrial Enterprises” in Chongqing and Ranked “1st among the Top 10 Industrial Enterprises” in Chongqing.

According to the Weichai Group's "12th Five-Year Plan" strategic development plan, during the "12th Five-Year Plan" period, the Weichai Group will use Chongqing as the center to further increase the investment in the Southwest strategic segment and build a mid- and high-speed engine R&D and manufacturing base and important The vehicle production base for automobiles will reach a scale of more than 20 billion yuan in 2015 and will truly become one of the important business segments for the Group's development.

Mr. Tan Qiwei, Deputy Mayor of Chongqing, Chairman of Shandong Heavy Industry Group, Tan Xuguang, Chairman of Weichai Group, Guan Haixiang, Secretary of Jiangjin District Committee, and Tao Changhai, Director of the District attended the kick-off ceremony and signing ceremony of the project.

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