Weichai Power: Engine Sales Volume Reaches 1 Mn

Industrials Author: Fuller Wang Dec 28, 2020 12:01 PM (GMT+8)

As a leading engine manufacturer in the world, the company keeps researching high-efficiency technology and has built the largest cluster in the global diesel engine market.

Engine Weichai

December 28, 2020, Weichai Power announces engines sales volume reaches 1 million, up 33% year-over-year. Among all the products, the annual sales volume of heavy-duty power engine reached 500,000, making it a leader in the world engine industry. Besides, the annual sales volume of light-duty power engines increased by 134%, while the volume of construction machinery rose by nearly 25%. The engine manufacturer has built the largest diesel engine industry cluster.

In 2020, Weichai Power overcomes the difficulty brought by COVID-19 to resume full production very quickly. While overseas enterprises’ average income and profit decreased by 2% and 89% respectively in 2020, the group still maintained an annual profit growth rate of 15%. In September 2020, Weichai Power made history by releasing the world's first commercial diesel engine with thermal efficiency exceeding 50%. In November, Delong X6000, which is equipped with diesel engines, was launched to the market. The cooperation between Weichai Power and Delong Steel is recognized as the starting point of a new era in China's heavy truck industry.