Facing new energy development boom, Weichai adjusted its strategic plan

There is a noticeable change in demand for the heavy truck market this year. In the past, 70% of heavy truck sales were dump trucks , and 70% of sales this year were freight cars and tractors . This shows that important changes are taking place in the logistics structure of our country's heavy-duty truck industry. This is also my basic judgment for the heavy-duty truck industry next year.

Xugong Hanfeng Heavy Truck with Weichai Power Xugong Hanfeng Heavy Truck with Weichai Power

At present, the technological innovation challenge we are facing is no longer an upgrade of simple diesel engines in the past, but a revolutionary subversion of diesel engines. New energy and smart driving will be the two major themes of the current industrial revolution.

At present, new energy sources are being discussed around the world. Until the outbreak of Volkswagen's "emission gate" incident triggered a new global awareness of new energy, coupled with the active promotion of the Chinese government, the formation of a new energy development boom at this stage. "If you don't change, you die." At present, Weichai has adjusted the company's strategic plan and reviewed the "Weichai 2020-2030 Strategy". That is, "a goal": that is, income reaches 100 billion US dollars. "Two stages": "From overstepping to leading", that is, Weichai's traditional business will surpass world-class standards by 2020, and Weichai's new energy business will lead the global industry development by 2030.

At the same time, Weichai also established that the thermal efficiency of traditional diesel engines must exceed 50%, and strive to be closer to zero emissions; the whole vehicle business needs to realize intelligent driving; and new-energy powertrains with fuel cells as the core must be formed. There are major breakthroughs in solid-state lithium batteries, solid oxide fuel cells, and hydrogen fuel cells... and a series of specific goals.

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