Weichai Power: the most competitive auto parts stocks

In the first half of 2010, Weichai sold 222,000 heavy-duty engines, an increase of 118.7% year-on-year; Weichai Holdings, a heavy-duty subsidiary of Weichai Holdings, sold 60,000 heavy-duty trucks in the first half of 2010 due to its outstanding market performance. An increase of 118.2% year-on-year, ranking fourth in the heavy truck industry. With the "blowout" of the domestic heavy truck market in 2010, the sales volume of the "Blue Engine" engine market hit a record high. In the period, a total of 196,000 units of 10-12L State III engines were sold.

Weichai owns three core plates of heavy-duty truck powertrain (engine + transmission + axle), complete vehicle and other components. It is one of the major manufacturers of high-power high-speed diesel engines in China, mainly manufacturing domestic trucks and construction machinery. The products supplied by the company are mainly diesel engines, heavy-duty trucks, engineering machinery, ships, large passenger cars and generator sets. The market share in heavy-duty truck engines reaches 32%.

Weichai has successfully upgraded the WD615 and WD618 series diesel engines to the Euro II standard, and expanded the supporting market from a single heavy-duty vehicle to a variety of fields such as construction machinery, large passenger cars, ships, and generator sets. In addition, it has established long-term cooperative relationships with Liszter and other world-renowned diesel engine manufacturers and agencies. Weichai has already developed the first Euro III series “Blue Engine” diesel engine with complete independent intellectual property rights in China and successfully put into the market. The Euro IV engine R&D work is also underway. The "Lan Qing" IV engine has entered the verification stage of the small-batch market and it has successfully matched with Shaanxi Zhongqi and Foton Motors.

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