Weichai was founded in 1946 and has 95000 employees worldwide. In 2020, its revenue exceeded 300 billion yuan, ranking 77th in China's Top 500 Enterprises, 23rd in China's Top 500 Manufacturing Enterprises, and 1st in China's Top 100 Machinery Industry Enterprises.

Weichai is an international company that operates across fields and industries. It has business segments in power systems, automotive, engineering machinery, intelligent logistics, agricultural equipment, and marine transportation equipment worldwide. Its subsidiaries are located in Europe, North America, Asia, and other regions, and its products are exported to more than 110 countries and regions. It owns 7 domestic and foreign listed companies and 9 stocks, including Weichai Power (2338. HK; 000338. SZ), Weichai Heavy Machinery (000880. SZ), Yaxing Bus (600213. SH), and KGX. F from Germany.

Weichai attaches great importance to scientific and technological innovation. It has national research and development platforms such as the State Key Laboratory for Internal Combustion Engine Reliability, the National Fuel Cell Technology Innovation Center, the National Research Center for Commercial Vehicle Powertrain Assembly Engineering Technology, the National Strategic Alliance for Industrial Innovation of New Energy Power Systems for Commercial Vehicles and Construction Machinery, and the National Specialized Maker Space. It has research bases such as "Postdoctoral Workstation", and a national intelligent manufacturing demonstration base. We have established research and development centers in cities such as Weifang, Shanghai, Xi'an, Chongqing, and Yangzhou in China, as well as cutting-edge technology innovation centers in multiple parts of the world. We have built a global collaborative research and development platform to ensure that our enterprise's technological level always keeps up with the world's forefront.

The rapid development of Weichai has been fully recognized by various sectors of society, and has successively won honors such as "National Civilized Unit", "National Advanced Grassroots Party Organization", "Independent Innovation Typical Enterprise", "National Innovative Enterprise", "China Quality Award", "China Trademark Gold Award · Trademark Innovation Award", "China Industrial Award", "National Enterprise Culture Demonstration Base", "National Quality Award", etc. Weichai Power's "Key Technology and Application of Heavy Commercial Vehicle Powertrain" project won the first prize of National Science and Technology Progress in 2018.

Weichai takes "green power, international Weichai" as its mission, customer satisfaction as its purpose, and has formed a unique corporate culture. Weichai's strategic goal is to maintain a world-class position in traditional business by 2025, and to lead the global industry development in new energy business by 2030; By 2025, achieve a revenue of 100 billion US dollars, and by 2030, achieve a revenue of 1 trillion RMB; Our core businesses have entered the top three globally and remain in the top 150 of the Fortune Global 500, creating a respected multinational group for intelligent industrial equipment.