On October 17, ahead of the Shandong Heavy Industry · Weichai Power Global Partners Conference, Shandong Heavy Industry Group held a press conference to present preparations for the summit and answer journalists’ questions on global industry trends, international business, industrial chain collaboration for mutual benefit, and the Group’s new brand strategy initiatives. Wang Zhijian, Deputy Party Secretary and General Manager of Shandong Heavy Industry Group, attended the conference along with senior executives from affiliated companies and representatives of partner organizations.
Wang Zhijian answered questions from reporters of Xinhua Net, CCTV, Science and Technology Daily, and Dazhong Daily.
Regarding the Group’s core competitiveness, from January to September, the Group achieved nearly RMB 440 billion in revenue, representing a year-on-year increase of over 9%. Its core strengths lie in: leveraging technological innovation to enhance product technology, quality, and cost competitiveness; maintaining a fully integrated industrial chain with high synergy between power systems and complete vehicles; establishing a global industrial layout capable of effectively mitigating market and economic fluctuations; and fostering a dynamic, high-performance team culture driven by passion and a relentless pursuit of excellence.
Regarding the globalization of Chinese manufacturing, over the past two decades, China’s equipment manufacturing sector has achieved remarkable growth, building strong product competitiveness through extensive independent innovation and proprietary patents. From core power systems and electrification components to commercial vehicles and construction machinery, Chinese products now fully rival those of leading international peers. Initiatives such as the “Hospitable Shandong, Quality Shandong” brand have fostered a favorable ecosystem for overseas expansion. Shandong Heavy Industry remains committed to a strategy driven by technological innovation, deep localization, and brand elevation, while upholding ESG responsibilities to ensure a solid and sustainable global presence.
Regarding the all-industry-chain win-win ecosystem, “We Are One” represents Shandong Heavy Industry’s global collaboration philosophy. At the summit, the Group’s strategic global suppliers and distributors came together to send a clear message to customers worldwide: with rapid responsiveness to customer needs as the goal, Shandong Heavy Industry seeks to collaborate across the entire industry chain to accelerate R&D, advance application deployment, and deepen local presence, jointly capturing future market opportunities.
Regarding the Group’s new brand identity, the group brand acts as a credible endorsement for all affiliated companies, providing essential support and resources—like nutrients nurturing a strong tree. Each sub-brand operates independently, steadily enhancing its brand image and influence in niche markets. The synergy between the parent brand and sub-brands further empowers end customers and upstream and downstream partners across the entire industry chain.
Shandong Heavy Industry Vice General Manager Zhang Gengsheng responded to questions from Indonesian journalists.
Regarding Shandong Heavy Industry’s export business, from January to September, the Group’s export revenue reached RMB 72.7 billion, representing a year-on-year growth of 6–7%, with an expected full-year target of RMB 100 billion. In the face of a complex and challenging global environment, Shandong Heavy Industry Group will seize strategic opportunities in Southeast Asia, Africa, the Middle East, and Latin America, deepen its presence in international markets, and comprehensively advance the localization of its teams, management, manufacturing, and R&D.
Shandong Heavy Industry’s Deputy General Manager and Chairman & General Manager of Weichai Group, Ma Changhai, responded to questions from reporters of People’s Daily and Phoenix TV.
Regarding the growth of the power systems business, Weichai Group’s revenue in the first three quarters reached nearly RMB 250 billion, up 6% year-on-year, primarily driven by substantial growth in data center power generation, new energy, and engine export businesses, which increased by 400%, 84%, and 30% respectively, demonstrating enormous future potential.
Regarding overseas operations, all of Weichai’s overseas investments and acquisitions have achieved profitability, with international business now accounts for 46% of revenue, with a transnationality index of 40.93%. The key to Weichai’s strategic win-win approach with its overseas subsidiaries lies in deeply integrating local investment with domestic production implementation, while vigorously promoting the “We Are One” culture.
Liu Zhengtao, Chairman of China National Heavy Duty Truck Group, responded to questions from China Automotive News and Shandong TV reporters.
Regarding export business, from January to September, Sinotruk exported 111,000 heavy-duty trucks, a year-on-year increase of 24.5%, maintaining its position as China’s top heavy truck exporter for the 21st consecutive year. In September alone, monthly heavy truck exports exceeded 15,000 units for the first time, setting a new record for China’s heavy-duty truck industry. Domestic and overseas heavy truck sales totaled 225,000 units, up 20% year-on-year, marking the first time Sinotruk led the global heavy-duty truck industry.
Looking ahead, supported by strong independent R&D capabilities, a robust marketing and service network, and intelligent manufacturing assurance, Sinotruk will continue to maintain its industry-leading export position, achieving simultaneous quality and volume breakthroughs in the high-end market. The company aims to complete its annual export target of 150,000 units, further consolidating its leading position in China’s heavy-duty truck sector.
Zhi Baojing, General Manager of Shaanxi Heavy Duty Automobile, responded to questions from Securities Daily reporters.
Regarding heavy truck exports, Shaanxi Heavy Duty Automobile ranks second in China’s heavy truck export sector, with enormous potential for growth in the global market. To expand market share, the company is focusing on two strategies: first, deepening its overseas industrial layout and accelerating local production abroad to respond more precisely to customer needs; second, breaking into the high-end market by leveraging new products, upgrading technology, overcoming commercial barriers, and expanding market space.
Zhang Min, General Manager of Shantui Construction Machinery Co., Ltd., responded to questions from China Securities Journal reporters.
Regarding global industry development, over the next three to five years, the global construction machinery industry is expected to see substantial market opportunities, driven by both external factors such as infrastructure and energy demand, and internal drivers including digitalization and the transition to new energy. Shantui will leverage the group’s engine and high-end hydraulic component support capabilities, as well as its widely recognized strengths in chassis and structural components, to lead with its AI strategy, maintain product leadership, and strengthen its position in the international market.
Wang Guimin, Chairman of Weichai Lovol Intelligent Agriculture, responded to questions from Farmers’ Daily reporters.
Regarding the upgrade of China’s agricultural machinery industry, Weichai Lovol Intelligent Agriculture aims to benchmark against world-class standards, focusing on three areas: technological innovation, quality enhancement, and global expansion. The company is advancing key technologies in high-end agricultural machinery and intelligent agriculture, improving R&D, manufacturing, and process capabilities, and accelerating localized manufacturing under the Belt and Road Initiative to further lead China’s high-end agricultural machinery onto the global stage.
Wang Xingfu, Chairman of Zhongtong Bus, responded to questions from China Buses reporters.
Regarding high-end bus exports, from January to September, Zhongtong Bus’s export revenue grew 40% year-on-year, leading the green transportation transition in markets including Chile, the UAE, Singapore, and Denmark. Zhongtong plans to leverage Shandong Heavy Industry Group’s integrated resources in R&D, production, sales, and service to accelerate its international development, upgrading from selling products to building a global brand, and continuously targeting high-end products and markets.
Johnny Uy, Chairman of Philippine High Energy Times Co., Ltd., responded to a question from a reporter of Hong Kong Wen Wei Po.
Regarding strategic cooperation, High Energy Times Co., Ltd. is the largest truck and construction equipment dealer in the Philippines. Since beginning its collaboration with Sinotruk in 2012, the company has gradually expanded cooperation to include Weichai generator sets and Lovol Heavy Industry. Orders have grown from 200 heavy trucks initially to over 6,000 trucks expected this year, achieving a win-win partnership. As Shandong Heavy Industry is a key global industry leader, we plan to further deepen cooperation, develop products tailored to the regional market, jointly respond to the new energy transition, and continuously enhance product sales and brand influence.
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