Name: Weichai Power
Foundation: 1953
Headquarters: Weifan, Shandong, China
Shares available for purchase: Yes
Is often mentioned in context: Kion, Linde Hydraulics, Ballard Power Systems, VDS Group, Aradex
Products:
Engines, Commercial vehicles, automotive electronics
History:
The Weichai Diesel Engine Factory, from which Weichai Power emerged, was already founded in 1953. Originally Weichai Diesel produced engines according to the model of Steyr Daimler Puch. In Germany, the Chinese company became known by taking over 45% of the shares of the forklift truck company Kion. Weichai also owns 70 % of Linde Hydraulics. In 2018, 19.9 percent of the fuel cell manufacturer Ballard Power Systems. Based on this cooperation, Weichai plans to serve the Chinese market with fuel cells for commercial vehicles.
More recent history:
In February 2020 it became known that Weichai has secured a 51% share in the VDS Group from Upper Austria. VDS develops continuously variable transmissions. | Link
At the same time Weichai acquired 80% of the German electric motor manufacturer Aradex. | Link
Weichai Power ranks 20th in the list of the largest automotive suppliers worldwide | Link
Recovery for Kion and Weichai Power through online trading - incoming orders rising again | 06/2020 - Link
China is setting up a billion-euro program to promote fuel cells and hydrogen. Could Weichai-Power benefit from this? | 10/2020 - Link
In cooperation with Bosch, Weichai improves the efficiency of diesel trucks by 45-50%. | 10/2020 - Link