From 2002 sales revenue of less than 3 billion yuan, to reach 98.3 billion yuan in 2011, the profit of nearly 80 billion yuan; from 2002 employees less than 10,000, to the current group of employees has passed 50,000 people...... Weichai Power Co., Ltd. In the past 10 years, the company has grown at an average annual growth rate of nearly 50% in sales revenue, and has grown into China's largest auto parts enterprise group and China's largest professional diesel engine R&D, manufacturing and sales company.
Innovation - from product to industry chain
In the face of Weichai's achievements over the past 10 years, Tan Xuguang, chairman of Weichai Power Co., Ltd., thanked the independent innovation for the development of Weichai. He said: "Independent innovation is the soul of Weichai's development."
Located in the Science and Technology Museum of the Weichai New Factory in Weifang High-tech Industrial Development Zone, Shandong, a “Blue Engine†WP12 engine stands quietly. It is this high-power “Lan Qing†engine that was born in 2005, has completely independent intellectual property rights in China, and has reached the national III emission standard. It ended the history of the use of foreign engines for high-end commercial vehicles in China. Weichai also laid its foundation in China. Leading position in related fields.
For a long time, the capability of independent innovation of the internal combustion engine industry in China has been insufficient, and the path of “introduction, backwardness, reintroduction, and backwardness†has been repeated. As an important company in the industry, Weichai recognized that Chinese companies must step out of this turbulent cycle. While diligently absorbing and absorbing enough efforts, they dare to independently research and develop, master key technologies, and manufacture products with independent intellectual property rights.
After some scientific research, Weichai has finally successfully developed the "Blue Engine" engine which is the national III emission standard. Since then, National IV, National V10L, and 12L, 5L, and 7L medium- and low-power Lanqing engines have also been launched one after another. Related products have entered the market for heavy-duty trucks, construction machinery and passenger cars. Weichai has gradually established itself in the general-purpose power market. important position.
In March 2012, Weichai's first high-power, high-pressure, direct-injection, compression-ignition natural gas engine was released, filling the gap in the application of domestic natural-piston direct-injection engines.
In addition to focusing on the innovation of engines and other related products, Weichai also paid attention to stimulating the creation of vitality in all aspects of the industrial chain and formed a chain-integrated innovation of the entire industrial chain.
At the end of 2007, the world’s first powertrain product for system matching and development of engines, gearboxes and axles was born in Weichai. Since this powertrain is the best configuration of the three main bodies of the engine, gearbox and axle, an automobile factory can match the design and installation of the cab and the car. A truck or a passenger car can be brought to the market.
The total power achievement is one of the results of the development of the innovative technology of Weichai Chain Co., Ltd. At present, Weichai has formed an innovative model of "mainly based on me and linked innovation." In this industry chain, a chain of cooperation has been formed between companies. At the same time as forming a community of interests, it has become a research and development community. It is understood that the introduction of the powertrain has increased the R&D efficiency of commercial vehicles in China by 30%.
According to statistics, since 1998, Weichai has developed more than 5,800 new products and special auxiliary products, obtained 633 patents, chaired and participated in 19 national 863 projects, and chaired and participated in the development of 23 industries and national standards. "Show more and more vigorous vitality.
Research - rely on talent also depends on the system
Weichai people know that the fundamental of technological innovation is relying on talents and relying on the system. Han Erliang, director of Weichai New Energy Technology Center. He was the scientific research leader of Weichai who was introduced from General Motors Corporation in 2010. He was selected as a “National Talent Plan†to introduce talent overseas and became a state-level expert. The research and development team of Weichai New Energy Technology Center led by him is undertaking the research and development task of the Industrial Technology Innovation Strategic Alliance for the New Energy Power System of Commercial Vehicles and Construction Machinery of the Ministry of Science and Technology.
In Weichai, there are 65 high-end technical talents like Han Erliang. The heads of Weichai’s multiple frontier technology research centers are all staffed by high-end talents. In recent years, Weichai has been actively implementing the first-ever talented person strategy, taking talented personnel work as the top priority for enterprise development, and has gradually formed a highly qualified team of more than 2,500 people, covering a wide range of fields. In January 2012, at the Group's Science and Technology Innovation Conference, Weichai took out a total of 25 million yuan to reward major science and technology projects and technological innovation talents.
In each of these years, Weichai has held a group-wide scientific and technological innovation conference every two years to commend and award technological innovation projects such as product development and technology research, and to use it as an important reference for the promotion of R&D or technical personnel positions. This entire package of incentives to encourage research personnel to innovate on jobs created a mechanistic atmosphere for Weichai's vast scientific research personnel to strive for innovation.
In the past few years, Weichai has increased its research investment every year. Even in the outbreak of the international financial crisis in 2008, Weichai still proposed to invest 2 billion yuan to build a world-class experimental center and strive to bring the Chinese internal combustion engine experiment to the forefront of the world. Now this laboratory has been put into use. Weichai has established seven R&D centers in China, the United States, and France.
During these years, Weichai has continuously strengthened its scientific research capabilities and has also established strategic cooperation relationships with such institutions as Tsinghua University and the China Automotive Engineering Research Institute, German FEV and other famous scientific research institutions, and built a technology research and development platform for close cooperation between production, education, and research. We also established 44 Weichai products R&D communities with 44 upstream suppliers with strong R&D capabilities to use the industrial chain technical resources for our own use and promote the coordinated development of suppliers and Weichai.
Based on the R&D community, Weichai hosted and participated in the development of a number of national scientific and technological research projects and national standards. It established the National Engineering Research Center for Commercial Vehicle Powertrain Assembly Engineering and initiated the establishment of a new energy powertrain system for commercial vehicles and construction machinery. The technological innovation strategic alliance promotes the technological advancement of China's internal combustion engine industry and related upstream and downstream industries.
M & A - "Going Out" and Re-layout
Weichai’s independent innovation is particularly vivid and profound in the development of business development.
On September 3, 2012, Weichai signed a cooperation agreement with Jinan Group, the world's forklift giant, in Jinan, Shandong Province. Weichai Power invested 738 million euros in the KION Group and obtained a 25% stake in KION and its subsidiary Linde Hydraulics. 70% equity of the partnership. This is by far the largest direct investment by Chinese companies in Germany.
In January 2012, Weichai acquired Ferretti Yacht Group, the largest luxury yacht manufacturer in Europe, and achieved absolute control. In December 2008, Weichai successfully acquired the 130-year-old Baudouin Yacht Engine Company in France. In the context of the continuing international financial crisis, Weichai has used its own abundant cash flow to vigorously implement the “going out†strategy and accelerate its own internationalization process.
Tan Xuguang, chairman of Weichai Power, stated that every economic recession is the best time for a dominant company to make structural adjustments. Weichai must seize the favorable opportunity of reshuffling industries and industries worldwide to take the initiative. He said that with rapid growth over the past few years, Weichai has completed its own accumulation, has sufficient cash flow, stopped all scale expansion before the arrival of the international financial crisis, and prepared for strategic cooperation.
Facts have proved that the judgment of Weichai at that time was correct. Today, Weichai, which is accelerating its internationalization, has added new plates such as luxury yachts and hydraulic technology to the three major business segments of powertrains, commercial vehicles, and auto parts, and its business structure has been further improved.
In the past 10 years, Weichai has been working hard to improve its own business segment structure. In particular, in August 2005, after the successful holding of the Zhuzhou Xiang Torch Spark Plug Co., Ltd., which had quality assets such as Shaanxi Heavy Duty Truck and Fast Gearbox, Weichai received the “Golden Key†for reorganizing China's heavy truck industry. At the end of 2007, the world’s first powertrain product for system matching and R&D of engines, transmissions and axles was born in Weichai, and Weichai’s industrial chain was optimized.
“Restructuring the Hunan Torch has brought a heavy truck gold industrial chain to Weichai, which has brought clear and mutually supportive three business segments, bringing advantages that other companies do not have.†Tan Xuguang said: “Now Weichai and Kay The cooperation between Pride and overseas companies such as Ferretti is an important measure made by Weichai in the implementation of the globalization strategy and strategic plans for the expansion of new markets and new products business activities in the next five years."
Taking the strategic cooperation between Weichai and KION as an example, some experts pointed out that the hydraulic control system has always been an important “bottleneck†that restricts the development of China's equipment manufacturing industry. The cooperation between the two parties can not only help Weichai quickly master the world’s leading high-end hydraulic technology, It can also achieve a complete breakthrough in construction machinery, agricultural machinery, yachts, aerospace and other fields, and then occupy the commanding heights of the global hydraulic industry.
Weichai is making great strides toward the world. Up to now, Weichai has established global operations centers in the United States, France, Italy, and Singapore, has established offices in 22 countries, and has more than 100 after-sales service stations overseas, and its products are sold in more than 80 countries and regions.
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