Weichai Strengthens Partnership with Its Global Supply Chain Partners

From December 10 to 11, 2023, Weichai Power hosted the Global Supply Chain Strategic Partner Cooperation Conference in Haikou, Hainan, China. The event brought together 400 suppliers from all over the world to discuss ways to strengthen their cooperation and seek innovation-driven development.

Tan Xuguang, Chairman and General Manager of Shandong Heavy Industry Group, Chairman of Weichai Power, and Chairman of China National Heavy Duty Truck Group, attended the event and delivered a keynote speech entitled Join Hands to Promote Innovation for a Better Future.

He highlighted Weichai's efforts to promote the development of the industry by working with global supply chain partners to offer a wide spectrum of power solutions, build the world's largest power industry cluster, and earn wide recognition with a number of influential global brands.

In response to the new characteristics and new trends of global industry development, Tan Xuguang proposes four win-win cooperation principles, namely ”same strategy, mutual benefit & win-win, optimization & improvement, and clean, upright market environment”, vowing to work closely with its global partners and create the world's best industrial cooperation ecology. These principles aimed to work closely with its global partners and create the world's best industrial cooperation ecology.

The conference also released the framework opinions on incentives to cultivate Weichai excellent suppliers. Consisting of the evaluation criteria of excellent suppliers, dynamic management and incentive policies and other aspects of the standard of excellent suppliers, the framework opinions aim to further strengthen its procurement management, encourage its suppliers to continuously improve their overall competitiveness, and jointly build a world-class global supply chain system.

Weichai Group is a leading Chinese multinational industrial equipment company with a significant global footprint. The company owns diverse portfolio such as power supply systems, commercial vehicles, agricultural equipment, construction machinery, intelligent logistics solutions and marine transportation equipment. Weichai has set up many subsidiaries in Europe, North America and Asia. Weichai owns many subsidiaries in Europe, North America and Asia and exports to more than 150 countries and regions around the world. Currently, it boasts a wide spectrum of products, including medium- and high speed engines, fossil fuel powered or new energy powered engines with displacement from 2L to 579L and power coverage from 18kW to 10000kW.

It has been recognized as China’s Intelligent Manufacturing Demonstration Project and the World’s Lighthouse Factory. Statistics show that the total sales volume of Weichai engines has exceeded 11 million units. In the global multi-cylinder diesel engine market, Weichai’s market share has reached 10%. In China, its market share has exceeded 30%.

In face of changing industry cycles and intense global competition, Weichai will build collaborative and mutually beneficial relationships with the world's leading supply chains to effectively support global industry.

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