Weichai Power

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

Retrieved on: 
Monday, December 20, 2021
Weichai Power, KION Group, Workforce, Solution, History, ITS, Prospectus, MDAX, RTÉ Executive Board, Growth, COVID-19, Research, KION, No, Software, Stepwell, Supply, Linde, EMarketer, WITS, Board of directors, Automation, TVS Supply Chain Solutions, Renewable energy, Retail, Group, Dematic

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
SCGC, International, Information technology, Carbon, Technology, Star Market, BGI, IPO, City, Communication, Guangdong-Hong Kong-Macau Greater Bay Area, Science, Weichai Power, Growth, Rockchip, SMIC, CATL, Renewable energy, Financial services

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

Retrieved on: 
Tuesday, June 22, 2021
Shandong, Weichai Group, Companies of China, Shandong Heavy Industry, Companies, Weichai Power, Shantui, Weichai (Chongqing) Automotive, Jinan

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

Retrieved on: 
Monday, June 21, 2021
Shandong, Companies of China, Weichai Group, Shandong Heavy Industry, Companies, Weichai Power, Shantui, Weichai (Chongqing) Automotive, Jinan

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
Weichai Group, Weichai Power, Companies, Truck, Weichai (Chongqing) Automotive, Chinese culture, BeiBen Truck

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

Retrieved on: 
Tuesday, May 4, 2021
Ballard Power Systems, Weichai Power, Companies

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
Weichai Group, Weichai Power, Companies, Chinese culture

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
Weichai Group, Westport Innovations, Companies, Weichai Power, Weichai (Chongqing) Automotive, Stock exchanges

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.

Weichai Westport Inc. Disclaimer

Retrieved on: 
Tuesday, September 22, 2020
Companies, Westport Innovations, Weichai Power, Weichai (Chongqing) Automotive, Westport, Weichai Group

HONG KONG, Sept 22, 2020 - (ACN Newswire) - In view of the announcement on "Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0" issued by Westport Fuel Systems Inc. on 18 September 2020, in order to avoid confusion among customers and investors, Weichai westport INC. (the "Company") hereby issues a clarification statement as follows:

Key Points: 
  • HONG KONG, Sept 22, 2020 - (ACN Newswire) - In view of the announcement on "Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0" issued by Westport Fuel Systems Inc. on 18 September 2020, in order to avoid confusion among customers and investors, Weichai westport INC. (the "Company") hereby issues a clarification statement as follows:
    Firstly, the "WP12HPDI" engine referred to the Westport Fuel Systems Inc.'s announcement is the "WP12.460E60HPDI" engine produced by the Company.
  • Although the engine has obtained Certification from the Ministry of Ecology and Environment of the PRC, it can not be sold to market according to the relevant Laws and Regulations of the People's Republic of China (PRC).
  • As a result, the Company is unable to offer the "WP12.460E60HPDI" engine products to the market on commercial terms at this stage.
  • Public customers and investors shall take note.

Weichai-Westport WP12HPDI Engine is not Production Ready

Retrieved on: 
Tuesday, September 22, 2020
Weichai Group, Companies, Westport Innovations, Weichai Power, Weichai (Chongqing) Automotive, Westport, Connecticut, Westport, Chinese culture

CHICAGO, Sept. 22, 2020 /PRNewswire/ -- In order to avoid confusion among customers and investors in regard to the press release titled "Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0" issued by Westport Fuel Systems Inc. on September 18, 2020, Weichai Westport Inc. hereby issues a clarification statement as follows:

Key Points: 
  • CHICAGO, Sept. 22, 2020 /PRNewswire/ -- In order to avoid confusion among customers and investors in regard to the press release titled "Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0" issued by Westport Fuel Systems Inc. on September 18, 2020, Weichai Westport Inc. hereby issues a clarification statement as follows:
    The WP12HPDI engine referred to the Westport Fuel Systems Inc.'s announcement is the WP12.460E60HPD engine produced by Weichai Westport Inc.Although the engine has obtained Certification fromthe Ministry of Ecology and Environment of the PRC, it may not be sold to the market according to the relevant Laws and Regulations of the People's Republic of China (PRC).
  • Vehicles that apply with the WP12.460E60HPDI engine must successfully complete calibration work for high altitude, high temperature, cold environment and vehicle durability testing of over 700,000km before entering the market for sale.
  • As a result, the Weichai Westport Inc. is unable to offer the WP12.460E60HPDI engine to the market on commercial terms at this stage.