Heavy truck industry warms up Weichai power will usher in new growth

China's heavy-duty truck industry is gradually picking up, benefiting from this, Weichai Power will usher in a new development in 2013.

The company is one of the strongest automotive and equipment manufacturing groups in the country

The company is one of the strongest comprehensive strength of Chinese automobile and equipment manufacturing group, with the powertrain, commercial vehicles, auto parts three business segments, the only build the most complete, including the engine, transmission, axles The heavy truck gold industrial chain, including commercial vehicles, has formed a full range of power industry bases centered on Weifang, heavy industrial vehicles and transmission system bases centered on Xi’an, and high-power engines and light vehicle industries centered on Chongqing. Base, automotive electronics and parts industry base with Zhuzhou as the center, and light automotive power industry base with Yangzhou as the center.

Strong technical research and development capabilities

The company has a modern state-level enterprise technology center and a first-class product experiment center in China. It has a postdoctoral workstation and has established research and development in the United States, Europe, and China's Weifang, Shanghai, Chongqing, Hangzhou, Yangzhou and Xi'an. The center ensures that the technological level of the enterprise always keeps up with the frontiers of the world. Relying on the world's leading R&D platform, the company has undertaken and participated in 18 national “863 Projects”, scientific and technological support programs, international cooperation programs, and scientific and technological research projects. It has obtained nearly 600 patents for product and technology licensing, and has hosted and participated in industry and national standards. Formulated more than 40 items. Among them, the high-speed, high-power "Blue Engine" and WP7 series engines have reached the national V emission standards and have reached international advanced levels in terms of economy, reliability and environmental protection.

Product and market structure continue to be optimized

In recent years, the company has continuously promoted product and market structure adjustment. Among them, the engine segment has accelerated the optimization and localization of more than 16 liters of engines of the French Baudouin company, and has built a complete Weichai industrial power product line, relying on WP5/WP7. The company continued to explore emerging markets such as passenger cars, non-loader construction machinery, and medium- and heavy-duty trucks; the heavy-duty auto segment continued to accelerate the development of third-generation heavy trucks, improving product technology content and preparing for subsequent growth. The transmission company will use the joint venture with Carter as an opportunity to increase its R&D efforts in the areas of AMT, passenger car transmission and other fields, and strive to achieve new breakthroughs. The parts and components sector will increase scientific research and innovation, get rid of the homogenous competition, and gradually transition to the assembly. It will truly make the parts and components business an important part of the group.

National IV emission standards will be implemented soon, and the company is expected to maintain its leading position

According to the information released by the Ministry of Environmental Protection, the National IV emission standard was tentatively scheduled to be launched on July 1, 2013. In response to this new situation, domestic heavy truck and construction machinery manufacturers have accelerated the construction of engine manufacturing bases and domestic engine markets. Competition will be more intense. With leading technical strength, extended product chain in all areas, large-scale high-quality product manufacturing capabilities, efficient and complete global service network, unique industrial synergy, and a stable and loyal customer base, the company is expected to be in high-power engines and heavy duty. The transmission industry continues to maintain its leading position.

The economic recovery continues, and the company’s product demand is expected to continue to pick up

According to the data from the National Bureau of Statistics, in January 2013, the China Manufacturing Purchasing Managers Index (PMI) was 50.4%, which has been above the Ronghe Line for four consecutive months. Among them, the new order index was 51.6%, up 0.4 percentage points from the previous month, which was the highest point since May 2012. The demand for the manufacturing industry continued to warm up, indicating that the sustained upward trend of China's economy has basically been established. Under this background, China's auto industry and construction machinery industry are expected to gradually come out of the trough, and the company's product demand is expected to recover. It is expected that the company's performance will return to growth in 2013.

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