Weichai Power

Technological Revolution and Industrial Transformation, Weichai Power Releases the World's First Diesel Engine with a Base Engine Thermal Efficiency of 51.09%, along with Major Hydrogen Energy Technology Achievements

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Thursday, January 13, 2022 - 9:45am

TuV SuD, an world-renowned test authority, issued a certificate of thermal efficiency of 51.09% to Weichai Power.

Key Points: 
  • TuV SuD, an world-renowned test authority, issued a certificate of thermal efficiency of 51.09% to Weichai Power.
  • Transportation is an important field for this target, and the internal combustion engine industry plays an important role in this process.
  • Thermal efficiency is the yardstick for the fuel efficiency of internal combustion engines: higher thermal efficiency represents lower fuel consumption and better effects of energy conservation and emission reduction.
  • Improving thermal efficiency has been the common pursuit of the global diesel engine industry since diesel engines emerged 125 years ago.

Technological Revolution and Industrial Transformation

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Tuesday, January 11, 2022 - 5:36pm

Then the delivery ceremony of hydrogen-powered heavy-duty truck delivery for demonstrative operation between Shandong Heavy Industry and Shandong Port was held.

Key Points: 
  • Then the delivery ceremony of hydrogen-powered heavy-duty truck delivery for demonstrative operation between Shandong Heavy Industry and Shandong Port was held.
  • Transportation is an important field for this target, and the internal combustion engine industry plays an important role in this process.
  • The base engine thermal efficiency of 51.09% is another significant revolution of traditional engines, as well as a technical preparation for the implementation of the "China VII" emission standard.
  • A series of outcomes marks that the "Hydrogen for Every Home" technology demonstration project is turning from blueprint into reality.

DGAP-News: KION Group opens new forklift truck plant in China and lays foundation stone for further supply chain solutions plant

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Monday, December 20, 2021 - 11:42am

The KION Group plans to create more than 1,000 new jobs in Jinan in the medium term.

Key Points: 
  • The KION Group plans to create more than 1,000 new jobs in Jinan in the medium term.
  • "The new forklift truck plant in Jinan is a decisive step in our 'Growing in China' initiative.
  • Dematic is the newest addition to the KION Group and a global leader in intelligent supply chain, software, and automation solutions.
  • The KION Group is among the world's leading suppliers of industrial trucks and supply chain solutions.

SCGC, A Leading Venture Capital Firm, with Its 200th Successful IPO, Has Set a New Record in China

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Saturday, November 20, 2021 - 11:33pm

So far, SCGC has invested in 1,185 companies with a cumulative investment amount of about 75.5 billion RMB.

Key Points: 
  • So far, SCGC has invested in 1,185 companies with a cumulative investment amount of about 75.5 billion RMB.
  • Of which, 380 projects have been successfully exited (including IPO Exit) and the invested companies are listed in 17 capital markets over 9 countries.
  • Founded in 1999, SCGC is one of the first batch of venture capital firms set up in China.
  • Established in 1999, SCGC is one of the earliest venture capital investment institutions in China.

Electric Options Begin to Permeate Through the Construction Machinery Industry

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Tuesday, June 22, 2021 - 2:00pm

This transition goes far beyond electric vehicles however, as more and more industries are looking to emulate the automobile industry when it comes to electrification.

Key Points: 
  • This transition goes far beyond electric vehicles however, as more and more industries are looking to emulate the automobile industry when it comes to electrification.
  • Greenland Technologies Holding Corporation(NASDAQ: GTEC) announced yesterday breaking news regarding, "a major strategic partnership with Shandong Zhongcha Heavy Industry Machinery Co. ('Shandong')", a multinational heavy machinery and automotive manufacturing company.
  • Headquartered in Jinan, Shandong, China, Shandong Zhongcha Heavy Industry Machinery Co. was founded in 2009 through a merger between Weichai Holding Group, Shandong Construction Machinery Group, and Shandong Auto Industrial Group.
  • Shandong Heavy Industry has five principal operating subsidiaries: Weichai Holding Group Co., Ltd. (the parent company of Weichai Power), Shantui Construction Machinery Co., Ltd., Shantui Machinery Co., Ltd., Shanzhong Construction Machinery Co., Ltd., and Shandong Auto Industry Group Co., Ltd., Shazhonng Construction Machinery.

Greenland Technologies and Shandong Heavy Industry Announce Major Strategic Partnership

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Monday, June 21, 2021 - 1:30pm

Lithium Battery Forklift Available for Sale in the U.S. in July 2021

Key Points: 
  • Lithium Battery Forklift Available for Sale in the U.S. in July 2021
    EAST WINDSOR, N.J., June 21, 2021 /PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ: GTEC) ("Greenland"), a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, today announced a major strategic partnership with Shandong Zhongcha Heavy Industry Machinery Co. ("Shandong"), a multinational heavy machinery and automotive manufacturing company.
  • The partnership is structured to accomplish two strategic objectives to drive revenue generation and to enhance leadership position as a first mover.
  • Headquartered in Jinan, Shandong, China, Shandong Zhongcha Heavy Industry Machinery Co. was founded in 2009 through a merger between Weichai Holding Group, Shandong Construction Machinery Group and Shandong Auto Industrial Group.
  • Shandong Heavy Industry has five principal operating subsidiaries: Weichai Holding Group Co., Ltd. (the parent company of Weichai Power), Shantui Construction Machinery Co., Ltd., Shantui Machinery Co., Ltd., Shanzhong Construction Machinery Co., Ltd., and Shandong Auto Industry Group Co., Ltd., Shazhonng Construction Machinery.

Concentric's joint-venture Alfdex wins an important order in China

Retrieved on: 
Thursday, June 3, 2021 - 7:18am

The China-6 regulation will be generally effective in China 1 July 2021 and this is expected to result in the replacement of five million heavy-duty trucks.

Key Points: 
  • The China-6 regulation will be generally effective in China 1 July 2021 and this is expected to result in the replacement of five million heavy-duty trucks.
  • Alfdex already manufacturers crankcase gas separators in China supplying many OEMs, including Weichai, which is the largest engine manufacturer in China and owns subsidiaries that also manufacture heavy-duty trucks.
  • "This represents another significant breakthrough into the China medium and heavy-duty truck market," says David Woolley, President and CEO of Concentric.
  • "The Alfdex oil mist separator continues to be one of the leading technologies used to meet the world's most exacting emissions standards.

Ballard Reports Q1 2021 Results

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Tuesday, May 4, 2021 - 12:30am

b'VANCOUVER, BC, May 3, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2021.

Key Points: 
  • b'VANCOUVER, BC, May 3, 2021 /PRNewswire/ - Ballard Power Systems (NASDAQ: BLDP) (TSX: BLDP) today announced consolidated financial results for the first quarter ended March 31, 2021.
  • MacEwen continued, "In Q1, we delivered revenue of $17.6 million, gross margin of 15% and ending cash reserves of $1.27 billion.
  • Although the China market remained muted while awaiting further policy pronouncements, activity levels were high across the entire Ballard organization.
  • Ballard also made a further capital contribution of $3.0 million to the Weichai-Ballard JV in the quarter.\nDuring Q1 Ballard received $11.8 million in new orders and delivered orders valued at $17.6 million, reducing the Order Backlog by $5.8 million from the prior quarter, ending Q1 at $112.0 million.

Power Solutions International Announces Extension to Credit Agreement

Retrieved on: 
Friday, March 26, 2021 - 8:12pm

Also, borrowings under the amended Credit Agreement will incur interest at a rate of LIBOR + 2.70% per annum.

Key Points: 
  • Also, borrowings under the amended Credit Agreement will incur interest at a rate of LIBOR + 2.70% per annum.
  • In connection with the execution of the amended Credit Agreement, the Company also entered into an amendment and restatement of the shareholders loan agreement originally executed with its majority stockholder, Weichai America Corp. in December 2020 (the First Amended and Restated Shareholders Loan Agreement).
  • The First Amended and Restated Shareholders Loan Agreement provides the Company with access of up to $130 million of credit solely for purposes of repaying outstanding borrowings under the amended Credit Agreement.
  • Power Solutions International, Inc. (PSI) is a leader in the design, engineering and manufacture of a broad range of advanced, emission-certified engines and power systems.

Westport Fuel Systems Clarifies Statements Regarding the Chinese Certification of Weichai Westport’s WP12HPDI Natural Gas Engine

Retrieved on: 
Wednesday, September 23, 2020 - 1:30pm

VANCOUVER, British Columbia, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems) (TSX:WPRT / Nasdaq:WPRT) today issued a statement to clarify market news regarding its Weichai Westport Inc. (WWI) joint venture and WWI's 12-liter engine equipped with the HPDI 2.0fuel system (WP12HPDI).

Key Points: 
  • VANCOUVER, British Columbia, Sept. 23, 2020 (GLOBE NEWSWIRE) -- Westport Fuel Systems Inc. (Westport Fuel Systems) (TSX:WPRT / Nasdaq:WPRT) today issued a statement to clarify market news regarding its Weichai Westport Inc. (WWI) joint venture and WWI's 12-liter engine equipped with the HPDI 2.0fuel system (WP12HPDI).
  • The engine certification is required in order to complete vehicle certification, leading to marketing and sales of HPDI equipped engines by WWI to Chinese vehicle OEMs.
  • As a publicly traded company, Westport Fuel Systems is required to inform the market of material developments.The MEE certification of the WWI HPDI 2.0 equipped engine is a significant milestone in Westports commitment to bring HPDI to the Chinese market and as a result is considered material to Westport Fuel Systems.
  • We value our longstanding JV with Weichai, the worlds leading manufacturer of natural gas engines for commercial vehicles, and Westport Fuel Systems is committed to their continued success.