Weichai Group Takes the Lead in Realizing V-type Reversal The first-quarter operating income exceeded 50 billion yuan

In the first quarter of this year, Weichai Group's operating income exceeded 50 billion yuan, setting a record high for the same period in history and taking the lead in realizing the V-type reversal in the domestic engine industry.

Yesterday, at the Weichai Logistics Park, trucks from all parts of the country waited to purchase Weichai engines or queued up.

“The supply is in short supply, so every time I come in, I have to wait two days at the earliest. This phenomenon has occurred before the Spring Festival. I feel more deeply after the Spring Festival.” Xi'an customer Jianfeng told reporters.

In the assembly plant of the Weichai No. 1 plant, which is full of horsepower, there is an engine that goes down the assembly line in less than 100 seconds.

"The market recovery has benefited from the country's stable economic situation and the increasingly stringent restrictions on overload regulations. At present, the demand for high-power engines in the heavy-duty truck industry has been increased to 500 hp. Weichai has been doing well two years in advance. Product reserve, said Zhang Quan, CEO of Weichai Power.

In the past March, Weichai’s engine production and sales exceeded 60,000 units, capturing 158,000 units throughout the first quarter. The Group’s operating income exceeded 50 billion yuan, a 61% increase from the best level in history. In addition to the two major driving forces of structural adjustment and independent innovation, the acceleration of the internationalization process is also an important engine for Weichai to achieve V-version reversal. Following the profit made by all overseas companies last year, a few days ago, Weichai invested US$60 million in the acquisition of 40.71% of PSI, the largest new energy engine company in the United States, and became its largest shareholder, not only to enter the North American high-end market. Breakthroughs, the two companies will also jointly develop high-power non-mobile engines, upgrade gas engine technology, paving the way for future growth.