Outstanding competitive position in the industry
As one of China's most comprehensive automotive and equipment manufacturing industry groups, Weichai Power has been driving product and capital operation in two-wheel drive in recent years, building powertrains (engines, transmissions, axles) and complete vehicles. The new pattern of coordinated development of the three major industrial sectors of automotive electronics and parts and components has formed the most complete and most competitive industrial chain in the commercial vehicle industry in China.
Faced with a complex economic and market environment, the company adhered to the correct operation strategy, achieved a more than expected operating result, and created the industry's “Miracles of Wealth†and “Speed ​​of Weichaiâ€. The company's various business indicators continue to rank first in the industry, and continue to create a new high in history, and further enhance the advantages of products and markets.
At present, the company has formed a strategic positioning with power as its core and a complete vehicle as its orientation, covering a wide range of solid vehicle industry resources. The company has a stronger product structure, a complete industrial chain, a diversified market layout, industry-leading product technology, with a stronger ability to resist risks and overall competitiveness. By the end of 2009, the company's market share in heavy-duty vehicles with a total mass of over 14 tons was 35.6%, and the market share of loaders with a load capacity of 5 tons (and above) reached 80%, and the market share of large-scale passenger cars reached 20%, continuing to maintain the industry. Advantage. Weichai's holding subsidiary Shaanxi Fast Gear Co., Ltd. has a market share of 80% in the heavy-duty vehicle market and continues to maintain its leading position in the industry. The shareholding of Shaanxi Heavy-duty Truck Co., Ltd., a holding subsidiary, has rapidly increased and it has become one of the fastest growing companies in the industry. The company's auto parts business has been developing steadily, enjoying the dividends of the Chinese auto market and becoming a stable profit growth point for the company.
To advance structural adjustment in the future
In recent years, with the trend of China’s economic development and international manufacturing industry transfer, with reference to the positive correlation between the industry and economic development, China’s equipment manufacturing industry will have a good space for development in the future for a long period of time. Weichai’s power lies in Heavy-duty vehicles, construction machinery, passenger cars, light trucks, ships, generator sets, agricultural vehicles and other markets will benefit from the overall industry development in the long term. Of course, in the short term, due to the persistence of macroeconomic recovery, it is still unclear, and it is difficult to judge whether the national economic stimulus policies are partially adjusted or not. There is a certain degree of uncertainty in the short-term trend of the industry.
Focusing on the future, Weichai will further increase its R&D efforts, implement the first strategy for talented people, core technology transformation strategy, rely on strong technical R&D strength and technological innovation level, and continue to lead new product launches, technology route selection, and technology promotion and application. China's power market direction. The batch market promotion of China IV engine products will be completed in advance and the product performance will be continuously improved to better meet the needs of customers and to make technical reserves for the forthcoming Phase IV of the country.
Weichai will also further promote product and market restructuring. In the high-power segment, accelerate the optimization and localization of more than 16 liters of engines of the French Baudouin Company, and build a complete Weichai industrial power product line; in the small and medium power segment, relying on the newly developed 5-7 litre engine to continuously develop passenger cars Non-loader construction machinery, medium and heavy trucks and other emerging markets; in the low-power segment, relying on the platform of Yangzhou Diesel Engine Co., Ltd. to accelerate the pace of digestion, absorption and upgrading of small-bore engine technology, and unswervingly build market diversification advantages to form vertical and horizontal coordination The market layout.
At the same time, in accordance with the principle of "strategic unification, independent operation, and resource sharing," Weichai will accelerate the development of commercial vehicle, powertrain, and auto parts sectors, further integrate the company's advantageous resources, and maximize the company's resources for collaboration. The effect enhances the company's resistance to wind and waves. In the next five years, Weichai will build engine blocks into global leading, full-range, and full-range power suppliers, and eventually promote Weichai to create an international enterprise group that is driven by the entire engine and has the core technology of powertrains. The unique one of the unique global equipment manufacturing industry.
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