What are Mission Vision & Core Values of Weichai Power Company?

This aspect of the Brief History of Weichai Power underscores Weichai Power's dedication to sustainable and environmentally friendly technologies. It's about developing and deploying power solutions that minimize environmental impact.

This highlights Weichai Power's ambition to be a multinational equipment group with a widespread presence. It signifies their commitment to expanding their market reach and influence worldwide.

Weichai Power targets diverse sectors, including heavy-duty trucks, buses, construction machinery, marine applications, and power generation. They focus on providing engines and powertrain components to these industries.

The market scope is explicitly global, emphasizing the company's ambition to be a multinational equipment group. The unique value proposition lies in the combination of 'green power' and 'global reach.'

The mission is strongly innovation-focused, particularly regarding green technologies. It is also customer-centric, aiming to provide high-value-added solutions to diverse market segments globally.

Significant investment in clean power solutions, such as the launch of new gas engines, exemplifies 'Green Power.' Their expanding global footprint, with products in over 110 countries, demonstrates 'Global Weichai.' In 2024, the market share of their natural gas heavy-duty truck engines reached as high as 59.6%.

The vision's core is the pursuit of "world-class" status, indicating a desire to compete and lead on a global stage. This implies not only expanding market presence but also setting industry benchmarks for quality, performance, and innovation. The term "multinational equipment group" suggests a strategy of international expansion and diversification, potentially through acquisitions, partnerships, and organic growth in various global markets.

“Advanced technology” is a critical element, highlighting Weichai Power's commitment to innovation. This includes significant investments in research and development, as evidenced by recent breakthroughs like the 53.09% diesel engine thermal efficiency achieved in April 2024. This focus on technology is crucial for maintaining a competitive edge and driving future growth. This commitment is also reflected in its high-end transformation and intelligent innovation in segments like agricultural equipment and smart logistics.

“Green development” demonstrates Weichai Power's recognition of the growing importance of sustainability. This involves integrating environmental considerations into all aspects of its operations, from product design to manufacturing processes. The establishment of an ESG Committee in March 2025 further underscores the company's commitment to environmental, social, and governance principles. This focus is crucial for long-term competitiveness and aligns with global trends toward sustainable business practices.

The vision is directly linked to Weichai Power's strategic objectives. The company aims to elevate its traditional business to world-class levels by 2020 and lead the global new energy industry by 2030. This long-term perspective demonstrates a clear roadmap for achieving the vision. These goals are supported by significant investments in R&D, strategic partnerships, and a focus on operational excellence. This will ultimately benefit the Owners & Shareholders of Weichai Power.

The vision, while ambitious, is grounded in the company's current strengths and market position. In 2024, Weichai Power's heavy-duty power systems held the top global sales volume position, and its energy and power systems ranked among the top three worldwide. This solid foundation provides a strong base for achieving world-class status. Consistent investment in R&D and a proactive approach to ESG further enhance the feasibility of this vision.

The Weichai Power Core Values likely underpin the vision, guiding the company's actions and decisions. These values, which are not explicitly stated here, would likely include innovation, integrity, customer focus, and environmental responsibility. These values are essential for translating the vision into reality. Understanding these values is critical for assessing the company's culture and its ability to achieve its long-term goals. The Weichai Power Mission and Company Values work together to provide a comprehensive framework for the company's future.

The 'Global Weichai' aspect of the mission drives aggressive market expansion and international partnerships. This global strategy is supported by an extensive service network.

Weichai Power's vision of advanced technology is supported by continuous R&D investments and technological breakthroughs. These innovations are key to achieving its goals.

Weichai Power's vision for 'green development' guides its response to industry challenges, such as the increasing demand for sustainable solutions. This vision is integrated into its core operations.

These strategic decisions have yielded measurable success, as demonstrated by the company's financial performance and market leadership. The company's strong financial results reflect the effectiveness of its mission and vision.

In 2024, Weichai Power's operating revenue reached 215.7 billion yuan, and net profit attributable to the parent company increased by 26.5% to 11.4 billion yuan, indicating strong financial performance.

Their heavy-duty power systems rank first globally in sales volume, and energy and power systems are among the top three globally, showcasing the effectiveness of their mission and vision in achieving market leadership.

Leadership plays a crucial role in reinforcing Weichai Power's mission, vision, and core values. The establishment of an ESG Committee in March 2025, with executive directors as members and Mr. Ma Changhai as chairman, demonstrates a top-down commitment to integrating ESG concepts into corporate strategy.

Chairman Tan Xuguang has emphasized the importance of open collaboration and synergy with global industrial and supply chains for achieving technological milestones. This reflects the 'Global Weichai' and 'advanced technology' aspects of their mission and vision.

Weichai Power communicates its mission, vision, and core values to all stakeholders through various channels. This includes annual and ESG reports, investor relations, and global partner conferences, ensuring transparency and alignment.

Internally, Weichai Power has programs like the 'Corporate Culture Star Commendation' to embed its into the corporate culture. The company conducted over 35,000 training sessions in 2024, with 258,000 participant attendances, ensuring employees understand the company's strategic direction and values.