Integrating global resources

Apart from strengthening commitment in independent R&D, Weichai is keen to create partnerships with the world's top technology solution providers to keep it one step ahead of the competition.

In 2009, Weichai Power, one of the subsidiaries of Weichai Group, acquired French marine engine developer and producer Moteurs Baudouin.

Moteurs Baudouin successfully distributed its engine systems in the North American market with support from Weichai.

In 2012, Weichai Power purchased a 25 percent stake in Germany's forklift maker Kion for 467 million euros ($534 million) and a 70 percent controlling stake in Kion's subsidiary Linde Hydraulics for 271 million euros.

The deal allows Weichai to be a leader in the hydraulics industry and strongly support China's machinery industry's upgrade and transformation.

In the same year, Weichai purchased a majority stake in Italian yacht-maker Ferretti to tap into luxury yacht businesses.

All Weichai's overseas projects reported positive net profit in 2016. The overall net profit was four times that of 2015.

This positive investment return strongly supports Weichai's confidence in global expansion and acquisition.

Weichai America, a wholly owned subsidiary of Weichai Power, decided to invest $60 million in leading alternative-fuel power system developer Power Solutions International in March this year. Weichai became PSI's largest shareholder. The deal marked Weichai's debut in the North American power market.