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Weichai Power is one of the major manufacturers of high-power, high-speed diesel engines in China. Its engines have the advantages of large power and wide application range. The market share of domestic heavy-duty trucks with 15 tons or more and loaders with 5 tons and above is 80%. And 78%.
On April 30, 2007, Weichai Power acquired the S-Torch Torch on the official listing of the Shenzhen Stock Exchange, and opened at a price of 70 yuan higher than the issue price of 241%. The same day, the price was reported to close at 64.93 yuan, an increase of 217%.
At this point, the S Xiang Torch officially withdraws from the capital market, erasing the last point of the Delong system, and is hailed as the most innovative "H to A" case in the Chinese securities market.
The SZ Torch Group's Shaanxi Heavy Duty Truck, Shaanxi Fast Gear and Hande Axle are owned by Weichai Power. Weichai's business scope extends from research, production and sales of engines and parts to heavy-duty vehicles and heavy-duty vehicles. Bridges, gearboxes and other auto parts business.
The merger and absorption will also greatly enhance Weichai's international technical cooperation capabilities and joint technological development.
According to reports, Weichai will broaden its technical cooperation with international advanced auto parts and components companies, such as MAN, EATON, and Cummins, to complete the upgrading of products and technology reserves, and rapidly increase its overall competitiveness. The joint technological development will make it possible to improve the technology sharing and product quality of heavy trucks and powertrains.
So far, Weichai's business has expanded to the upper, middle, and downstream aspects of automobiles, and it has powertrain businesses such as Weichai Power Engine, Fast Transmission, and Hande Heavy Truck Bridge, which are high-growth and highly profitable. Sparks, air conditioners, lamps, brakes and other automotive electronics business growth, and heavy trucks in Shaanxi, Dongfeng off-road vehicles and other vehicle business, CITIC Securities's research report called the "golden industrial chain."
In the planning of Chairman Tan Xuguang, Weichai will continue to rely mainly on engines. This product is a very profitable part of the heavy-duty truck industry. The company occupies the market with strong R&D capabilities and has strong bargaining power, far higher than the entire vehicle.
The engine, gearbox, and axle constitute the powertrain of the heavy-duty vehicle. It has a strong core value and market competitiveness, and can increase Weichai's right to speak in the entire market. Monopolistic technology can help Weichai to become bigger and stronger. .
View related topics: Weichai Power: Expanding Auto Parts Gold Industry Chain