Name

Weichai

Legal name

Weichai Holding Group Co.,Ltd.

Website

https://en.weichai.com

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

5,001–10,000 employees

Ownership category

akta.pro rank

Product category

Commercial Vehicle Powertrain and Equipment Manufacturing

NAICS

Engine, Turbine, and Power Transmission Equipment Manufacturing (3336), Motor Vehicle Manufacturing (3361), Machinery Manufacturing (333)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Class 4–6 Medium-Duty Truck Manufacturing (IMACABAB)

akta.pro secondary industries

Specialty Off-Road Utility Vehicles (UTVs, ATVs, Side-by-Sides) (IMAHAIAG), Heavy-duty truck, trailer & commercial vehicle parts distribution (CRAOANAJ)

Keywords

• Diesel engine manufacturing
• Commercial vehicle powertrains
• Construction machinery engines
• Heavy-duty truck manufacturing
• Industrial power generation

Headquarters

HQ city

Weifang

HQ country

China

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. Weichai Power (Engine Sales): Core engine manufacturing including bus engines, truck engines, construction machinery engines, marine engines, agricultural engines, and new energy engines. Annual production capacity of 5 million units with power range 22-10000Ps.
2. Commercial Vehicles: Sales of heavy-duty trucks (Shaanxi/Shacman brand), buses (Yangzhou Asiastar), and special vehicles through manufacturing subsidiaries.
3. Intelligent Logistics: KION Group industrial vehicles and supply chain solutions, Dematic warehouse automation systems contributing over €11.7 billion in orders.
4. Luxury Yachts: Ferretti Group luxury yacht and pleasure vessel sales through 7 Italian shipyards with portfolio of brands including Ferretti Yachts, Riva, Pershing, Itama, CRN, Custom Line and Wally.
5. Power Generation Systems: Generator sets and industrial power engines covering 2-8700kW power range for national defense, communications, petroleum, medical, plateau, railway, and agricultural applications.
6. Agricultural Equipment: Weichai Lovol intelligent agricultural technology including construction machinery, agricultural equipment, and complete core component industry chain.
7. Aftermarket Business: Spares, remanufacturing, and oil products through extensive service network covering more than 300 domestic maintenance stations and 100 overseas stations.
8. Transmissions and Components: Shaanxi Fast Gear transmissions (1.2 million annual capacity), Hande Axle axle systems, Zhuzhou Gear drivelines, and Torch spark plugs.

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Weichai manufactures and sells powertrain systems (diesel and new energy engines, transmissions, axles), commercial vehicles (heavy-duty trucks, buses, special vehicles), construction machinery, agricultural equipment, marine engines, power generation systems, luxury yachts, and warehouse automation solutions. Its 2024 operating income reached 215.69 billion yuan, with a globally distributed product portfolio sold across 150+ countries through dealer networks, subsidiaries, and Belt and Road manufacturing facilities.

Product overview

Weichai is a multi-field and multi-industry international group owning powertrain systems, commercial vehicles, agricultural equipment, construction machinery, intelligent logistics, marine mobility, and energy & power solutions. The company's product portfolio is organized around its core subsidiaries and product lines. Weichai Power Co., Ltd. serves as the primary listed company encompassing engine manufacturing (bus, truck, construction machinery, marine, new energy, and agriculture engines), powertrain components (transmissions through Shaanxi Fast Gear, axles through Hande Axle), and generator sets/power solutions. Commercial vehicles are served through Shaanxi Heavy Duty Automobile (Shaanxi Automobile/Shacman brand) and Yangzhou Asiastar buses. New energy vehicle solutions span Weichai New Energy Commercial Vehicle (LANDKING brand trucks), Weichai New Energy Power Technology (batteries, motors, fuel cells), and Tsintel (ADAS and autonomous driving). The group also includes intelligent logistics operations through majority-owned KION Group and Dematic. Luxury marine vessels are represented by Ferretti Group. Supporting operations include Baudouin (marine engines), Weichai Heavy Machinery (diesel engines 30-12,000 HP), LHY Powertrain (hydraulics), and ARADEX (electrification solutions). The group maintains share holdings in Ballard, Ceres Power, and Fischer Fuel Cell Compressor for fuel cell technology development.

Differentiator

Problem solved

Functional benefit

Brands

• Weichai Power: Core powertrain and engine brand including Weichai engines, transmissions, and axles
• Shaanxi Automobile
• Shacman
• Ferretti Group
• Ferretti Yachts
• Riva
• Pershing
• Baudouin
• Yangzhou Asiastar
• Lovol
• KION Group
• LANDKING
• Torch

Products and services

• Weichai Power Powertrain Systems Engines, transmissions, and axles for commercial vehicles, construction machinery, marine, agriculture, and power generation, with 5 million units annual engine production capacity and power range of 22-10000 Ps.
• Generator Sets

Quantifiable outcome

• 300-ton mining truck powertrain achieved 18,000-hour reliable operation
• +4 more outcomes

Named customers7 records

Segments7 records

Ideal customer profiles7 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature7 records

Partnerships

Twelve partnerships are on record, tiered strategic and core.

• BoschstrategicStrategic or Co-development Partner · 8 May 2026Bosch visited as a strategic partner during group leaders' inspection of affiliated enterprises in Europe in May 2026, part of ongoing strategic cooperation relationship.
• SchaefflerstrategicStrategic or Co-development Partner · 8 May 2026Schaeffler visited as a strategic partner during group leaders' inspection of affiliated enterprises in Europe in May 2026, part of ongoing strategic cooperation relationship.
• InfineonstrategicStrategic or Co-development Partner · 8 May 2026Infineon visited as a strategic partner during group leaders' inspection of affiliated enterprises in Europe in May 2026, part of ongoing strategic cooperation relationship.
• ShacmancoreTechnology or Integration · 8 May 2026Partnership with Shacman (Shaanxi Automobile brand) through the 'ONE FAMILY ONE TRIP' campaign in Kazakhstan, donating maintenance filter elements to logistics customers.
• Garrett MotioncoreTechnology or Integration · 12 February 2026Garrett Motion announced first commercial deployment of its largest MEG turbocharger platform through partnership with Weichai for next-generation large-bore engine programs targeting marine propulsion and power generation systems.
• MAZ (Minsk Automobile Plant)coreTechnology or Integration · 11 February 2026Joint venture between MAZ and Weichai enables Belarus to produce components previously imported from abroad, helping the country withstand sanctions impacts. Weichai supplies engines and technology for commercial vehicles.
• FISCHER Fuel Cell Compressor AGcoreTechnology or Integration · 1 January 2021WEICHAI Power acquired a stake in FFCC in 2021 and founded joint venture FISCHER WEICHAI (Weifang) Fuel Cell Compressor (FWFCC) together, investing in global series production for fuel cell air compressors.
• Ballard Power SystemscoreTechnology or Integration · 1 January 2018Ballard joined hands with Weichai in 2018 to provide fuel cell power solutions in a sustainable manner. Weichai was a significant shareholder with board representation until May 2026 when Weichai sold shares reducing ownership below 15%.
• Ceres PowercoreTechnology or Integration · 1 January 2018Ceres Power started cooperating with Weichai in 2018 as a supplier of solid oxide fuel cells (SOFC). Weichai holds a stake in Ceres Power as a shareholding company.
• DematiccoreTechnology or Integration · 1 January 2016Dematic joined hands with Weichai and KION in 2016 to design, build and implement automation system solutions for warehouses, distribution centers and production facilities.
• KION GroupcoreStrategic or Co-development Partner · 1 January 2012KION Group joined hands with Weichai in 2012. KION is one of the world's leading suppliers of industrial vehicles and supply chain solutions, with Weichai as controlling shareholder. KION has deep integration with Weichai beyond capital ties, evolving into a global industrial community characterized by strategic alignment, business synergy, and cultural symbiosis.
• Linde HydraulicsstrategicTechnology or Integration · 1 January 2012Linde Hydraulics is part of KION Group and visited during group leaders' inspection of affiliated enterprises in Europe in May 2026. LHY Powertrain was carved out from Linde Material Handling in 2012.

Scale indicators21 records

Recent moves6 records

Expansion highlights7 records

Broad incumbents

• Caterpillar Inc. Caterpillar competes with Weichai across diesel engines for construction machinery, mining trucks, marine, and power generation, and is also a major OEM of construction equipment that competes with Lovol — making it a broad incumbent in Weichai's overlapping end markets.
• Robert Bosch GmbH: Bosch is a strategic technology partner of Weichai (per its May 2026 visit) and a broad incumbent in automotive components, fuel cell systems, and commercial-vehicle electronics — overlapping with Weichai New Energy, Tsintel (ADAS), and the overall powertrain electronics roadmap.

Direct peers

• Deutz AG: Deutz is a European specialist in diesel, gas, and electric drive systems for off-highway, automotive, and stationary applications — a direct comparability match for Weichai's industrial power engines, construction machinery engines, and new-energy powertrain business.
• Daimler Truck Holding AG: Daimler Truck's Mercedes-Benz, Freightliner, and Fuso brands compete head-to-head with Shacman in heavy-duty trucks, and Daimler Truck's in-house engine and e-powertrain development parallels Weichai's vertically integrated engine-plus-transmission-plus-axle model.
• CNH Industrial N.V. CNH Industrial's construction equipment (CASE, New Holland Construction) and agricultural machinery compete directly with Lovol, while its powertrain business (FPT Industrial) overlaps with Weichai Power's engine portfolio in commercial vehicles and industrial applications.
• PACCAR Inc. PACCAR's DAF, Kenworth, and Peterbilt heavy-duty trucks compete with Shacman in international markets, and PACCAR's engine partnerships (with Cummins and others) reflect the same vertical-integration logic Weichai pursues through its golden powertrain chain.
• AGCO Corporation: AGCO is a global agricultural equipment manufacturer whose tractors and harvesting machinery compete with Weichai Lovol's intelligent agricultural technology, while AGCO's engine and powertrain sourcing overlaps with Weichai's power-kit strategy.
• Cummins Inc. Cummins is the closest global peer to Weichai's powertrain business, manufacturing diesel and natural gas engines, transmissions, and aftertreatment systems for commercial vehicles, construction, mining, marine, and power generation — directly overlapping Weichai's WP engine and Fast transmission portfolios.
• Yanmar Holdings Co., Ltd. Yanmar manufactures industrial diesel engines, marine propulsion, and agricultural equipment with growing electrification offerings, overlapping with Weichai's industrial power, marine (Baudouin), and agricultural (Lovol) segments.
• Volvo Group: Volvo Group is a leading global heavy-duty truck OEM with in-house powertrain development, directly competing with Shacman/Weichai in heavy trucks while also developing electric and hydrogen powertrains that mirror Weichai's new-energy strategy.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries31 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Weichai