SDHIWeichai Power Global Partners' Conference "We are One": Collaborative Value Creation and Win-Win Growth Across the Industrial Chain

The Shandong Heavy Industry Weichai Power Global Partners Conference was held in Qingdao on October 17-18, under the theme "Tech Empowered Future Equipped". Senior executives from Shandong Heavy Industry Group and representatives from its global partner network attended the event.

Shandong Heavy Industry Group is a leading multinational group specializing in high-end equipment, recognized both domestically and internationally, including Weichai Power, Sinotruk, Shacman, Shantui, Weichai Lovol, Zhongtong Bus, KION, Ferretti,etc.

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Press Conference of SDHI Weichai Power Global Partners Conference

Wang Zhijian, President of Shandong Heavy Industry Group, announced that the Group achieved revenue of nearly $61.99 billion from January to September, marking a year-on-year growth of over 9%. He highlighted three strategic pillars underpinning the Group's core competitiveness:1. Technological Innovation: advancing product performance, quality, and cost efficiency through continuous innovation. 2. Integrated Industrial Chain: achieving strong synergies between power systems and complete vehicles/equipment across a fully developed value chain. 3. Global Operations: maintaining resilience against market volatility through an extensive international footprint and a dynamic, execution-driven corporate culture.

Addressing the Group's globalization strategy, Wang emphasizedShandong Heavy Industry will continue to pursue technological leadership, deep localization, brand elevation, and ESG excellence to ensure sustainable and high-quality global growth. He elaborated on the Group's "We are One" philosophy, underscoring the importance of co-creation and partnership with global suppliers and distributors. Through integrated R&D collaboration and localized operations, Shandong Heavy Industry aims to rapidly respond to customer needs and achieve shared success across the industrial ecosystem. On brand strategy, Wang noted that the corporate brand will serve as a unifying force supporting all subsidiaries, while each sub-brand will retain independent operations. Together, the parent and sub-brands will collaborate to empower customers and partners, delivering greater value and driving mutual growth.

Zhang Gengsheng, Vice President of Shandong Heavy Industry Group, revealed that the company's export revenue reached $10.24 billion from January to September, representing a year-on-year increase of around 6% to 7%. The Group is confident of meeting its full-year export target of $14.09 billion. Going forward, Shandong Heavy Industry will deepen its footprint in Southeast Asia, Africa, the Middle East, and Latin America, prioritizing local team development, operational management, manufacturing, and R&D to drive long-term growth and strengthen its local presence.

Weichai's revenue exceeded $35.23 billion in the first three quarters, a 6% increase year-on-year. Growth was fueled by strong performance in data center power generation (up 400%), new energy businesses (up 122%), and engine exports (up 30%). Meanwhile, Weichai's overseas M&A operations have maintained steady progress, supported by its localization strategy, the synergistic development between domestic and international operations, and cultural integration inspired by the "We are One" philosophy.

Liu Zhengtao, Chairman of China National Heavy Duty Truck Group (SINOTRUK), stated that from January to September, the company exported 111,000 heavy-duty trucks, up 24.5% year-on-year, maintaining its position as China's leading truck exporter for 21 consecutive years. Combined domestic and international sales reached 225,000 units, an increase of 20%, marking the first time SINOTRUK has achieved global leadership in the heavy-duty truck segment. Looking ahead, SINOTRUK will capitalize on its strengths in research and development, network expansion, and intelligent manufacturing to reach its goal of 150,000 annual exports and further reinforce its global leadership.

Zhi Baojing, President of Shaanxi Heavy Duty Automobile, added that the company currently ranks second among China's heavy truck exporters and sees significant opportunities for growth in international markets.

Zhang Min, President of Shantui Construction Machinery, stated that the global construction machinery industry is entering a period of significant opportunity over the next three to five years. Shantui will leverage the Group's integrated industrial chain and AI-driven strategies to strengthen its product leadership and enhance competitiveness across global markets.

Wang Guimin, Chairman of Weichai Lovol Intelligent Agriculture, underscored the company's commitment to world-class benchmarks in technological innovation, quality improvement, and global expansion. He noted that Weichai Lovol aims to achieve breakthroughs in high-end agricultural machinery and intelligent farming technologies, while accelerating localized manufacturing and market development along the Belt and Road regions.

Wang Xingfu, Chairman of Zhongtong Bus, reported that the company's export revenue increased by 40% year-on-year from January to September. Looking ahead, Zhongtong Bus plans to harness the Group's global resources to accelerate international expansion and advance its transformation toward premium products and brand-driven operations.

The Shandong Heavy Industry Weichai Power Global Partners Conference in Qingdao marked the fifth global gathering organized by Shandong Heavy Industry Group. This year's event attracted nearly 3,000 overseas partners from more than 140 countries, featuring close to 300 products on display.
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