According to Weichai Power Group, Weichai Power will invest another RMB 5 billion in its affiliated enterprises in Shaanxi in the next three to five years to support the establishment of heavy-duty truck manufacturing bases in Shaanxi Province, which will be led by Shaanxi Auto Heavy Trucks. STEC's transmissions are the leading automotive key parts manufacturing base.
During the China East-West Cooperation and Investment and Trade Fair, Weichai Power Group held a development strategy conference in the ancient city of Xi’an on April 7, 2010. Tan Xuguang, Chairman and CEO of Weichai Power Group, announced the above investment plan and thus pulled The prelude to the deepening of cooperation between Shaanxi Provincial Government and Weichai Power Group at a higher level.
Weichai Power Group is one of the most powerful automobile and equipment manufacturing enterprise groups in China. Its core companies include more than 40 companies such as Weifang Heavy Duty Engine, Shaanxi Auto Heavy Truck, Fast Transmission, and Hande Axle, and are located in the United States. , France, Singapore, Hong Kong and other places have wholly-owned subsidiaries. The company owns two stocks, Hong Kong H shares and Mainland A shares, with a market value of more than 60 billion yuan.
The People's Government of Shaanxi Province stated that Weichai Power shall be incorporated into the framework for the revitalization and development of the "Twelfth Five-Year Plan" automobile and equipment manufacturing industry of the Shaanxi Provincial Government. Weichai Power Group strives to achieve the strategic objectives of producing and selling 250,000 heavy-duty trucks and 1 million heavy-duty transmissions during the 12th Five-Year Plan period. At the same time, Weichai Power Group will take advantage of its industrial chain and cooperate with its engineering development capabilities to fully promote its domestic and foreign suppliers. It will set up factories in Shaanxi Province to invest and build factories and build advanced manufacturing clusters.
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