Weichai Power's traditional main business has developed steadily, and outreach and mergers have promoted a diversified layout. The company's traditional business is in the field of heavy trucks. The company has a complete powertrain industrial chain, namely "Weichai Heavy Truck Engine + Fast Transmission + Hande Axle", which is highly competitive. In recent years, the acquisition of KION, Dematic, etc. to enter the world, diversified layout to improve the company's ability to resist risks.
Weichai Power Weichai Power

The heavy-duty truck industry continues its boom. The annual sales volume of the heavy-duty truck industry is expected to reach 900,000. The main driving factors are: 1) The new national standard has been promulgated, and the monitoring of overloaded vehicles has become more stringent. As a result, the capacity of heavy trucks has dropped by about 15%. The demand for heavy trucks will increase. At the same time, over-limit treatment has also accelerated the convergence of domestic heavy-duty trucks to overseas structures (large-displacement engines); 2) the heavy-duty card update cycle is about 5-7 years, and the current industry update demand is strong. From 10 to 12 years, the total sales volume of heavy trucks was approximately 2.54 million units, with an average of approximately 850,000 vehicles. Currently, the update cycle for these batches of vehicles has arrived; 3) The implementation of the National V emission standards and the stricter standards for particulate emissions have accelerated the demand for heavy trucks. Overall, in recent years, the demand for downstream logistics has been booming, and the proportion of semitrailer tractors has gradually increased. In 2016, semitrailer trucks sold 390,000 vehicles, accounting for 53% of the sales of heavy trucks, and have become the main source of heavy truck demand.

Sitting on the heavy truck gold industry chain to benefit the industry. The parent company is the leader in the heavy truck engine industry and has high performance flexibility. The market share of heavy-duty truck engines is highly correlated with the business climate.

The government super-accelerated structural upgrade, the company's high-margin products 12-13L large-displacement engine benefit, the overall gross profit margin of the parent company increased. Fast and Shaanxi Heavy Gas also have a high degree of flexibility, benefiting from the industry climate, and with the parent company's business synergy, net profit will increase.

Outreach and acquisitions continue to continue, continuing the global layout. After the acquisition of the world’s second largest forklift giant KION, the company has continued to increase its holdings, and already owns 43.26% of the shares of KION. After KAO’s acquisition, it turned losses, revenue and net profit all increased steadily. Currently KION’s revenue and profits account for About half of the company's revenue and profits, in November 16th, the company acquired 100% equity of Dematic by KION to enter the North American market, which is expected to replicate the acquisition of KION.

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For the construction place which has  limited height and width  requirements for the vehicle, small concrete mixer trucks (2m³  to 6 m³)  that are perfect for the demands.

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