Weichai Power

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.

Ballard Comments on China's New Policy to Support Adoption of Fuel Cell Electric Vehicles

Retrieved on: 
Monday, September 21, 2020
Energy, Weichai Group, Articles, Hydrogen economy, Hydrogen technologies, Ballard Power Systems, Energy conversion, Fuel cell, Weichai Power, Ballard, Electric vehicle, Weichai (Chongqing) Automotive

"With a target to achieve 1 million Fuel Cell Electric Vehicles on China's roads by 2030, this new fuel cell policy sets a framework for the scaled adoption of FCEVs," said Randy MacEwen, Ballard President and CEO.

Key Points: 
  • "With a target to achieve 1 million Fuel Cell Electric Vehicles on China's roads by 2030, this new fuel cell policy sets a framework for the scaled adoption of FCEVs," said Randy MacEwen, Ballard President and CEO.
  • The new policy comes just as the Weichai-Ballard joint venture has been recently commissioned in Shandong Province with annual manufacturing capacity in excess of 1 Gigawatt of fuel cell stacks.
  • We are pleased to see China's priority on stimulating the adoption of zero-emission commercial vehicles, including buses and trucks, using fuel cell technology.
  • Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet.

Weichai Westport Secures Chinese Certification for WP12 Natural Gas Engine Powered by HPDI 2.0

Retrieved on: 
Friday, September 18, 2020
Companies, Weichai Group, Weichai Power, Chinese culture, Weichai (Chongqing) Automotive, Westport, Shandong Heavy Industry, Westport Innovations

WWI is now in a position to market and sell the heavy-duty natural gas engines with HPDI technology to various truck original equipment manufacturers (OEMs).

Key Points: 
  • WWI is now in a position to market and sell the heavy-duty natural gas engines with HPDI technology to various truck original equipment manufacturers (OEMs).
  • Weichai Power Co., Ltds (Weichai Power) 12-liter heavy-duty engine platform is the base engine for the WP12HPDI.
  • Following the delays introduced by COVID-19, Im pleased to recognize the leadership of the Weichai Westport joint venture team in securing the certification from the MEE, said David M. Johnson, Chief Executive Officer of Westport Fuel Systems.
  • Weichai Power and WWI are affiliates of the Weichai Holding Group Co., Ltd.
    At Westport Fuel Systems, we are driving innovation to power a cleaner tomorrow.

Weichai Group Makes History With New Engine Launch

Retrieved on: 
Wednesday, September 16, 2020
Companies of China, Shandong Heavy Industry, Weichai Power, Companies, Weichai Group, Piston engines, Economy of China, Internal combustion engine, Diesel fuel, Diesel locomotive, Engine

JINAN, SHANDONG, China, Sept. 16, 2020 /PRNewswire/ --Weichai Group, a leader in China's internal combustion engine industry, has officially launched the first commercialized diesel engine in the world to have a brake thermal efficiency above 50 percent.

Key Points: 
  • JINAN, SHANDONG, China, Sept. 16, 2020 /PRNewswire/ --Weichai Group, a leader in China's internal combustion engine industry, has officially launched the first commercialized diesel engine in the world to have a brake thermal efficiency above 50 percent.
  • The engine was jointly unveiled by Ling Wen, vice governor of Shandong Province and academician of the Chinese Academy of Engineering; and Tan Xuguang, chairman of Shandong Heavy Industry Group and Weichai Group.
  • Since the development of the first diesel engine in 1897, the engine's brake thermal efficiency of the diesel engine increased from 26 to 46 percent, where it remained until now.
  • The launch of the engine solidifies China's position as a world leader in heavy-duty diesel engine technology.

DGAP-News: KION Group begins work on new plant in China

Retrieved on: 
Monday, August 17, 2020
Weichai Group, Companies, Weichai Power, KION Group, Equipment, KION, Weichai (Chongqing) Automotive, Forklift, Shandong Heavy Industry

The KION Group intends to create over 800 jobs by 2025 with its new plant in eastern China.

Key Points: 
  • The KION Group intends to create over 800 jobs by 2025 with its new plant in eastern China.
  • The KION Group has established a new company for this purpose, where KION has a stake of 95 percent and Weichai Power, the primary investor in the KION Group, has 5 percent.
  • "This historic moment once again underscores the close and collaborative work relationship between the KION Group and the Weichai Group," said Xuguang Tan, the chairman and CEO of the Weichai Group, during the ceremony.
  • "In June, the KION Group successfully launched the intelligent forklift truck project, which is designed to improve supply chains."

Power Solutions International Announces First Quarter 2020 Financial Results and the Filing of its Form 10-Q

Retrieved on: 
Tuesday, June 30, 2020
Weichai Power, Economy of China, Weichai (Chongqing) Automotive, Warrant, Companies

Gross profit was virtually unchanged in the first quarter of 2020 as compared to the same period last year notwithstanding lower sales volume.

Key Points: 
  • Gross profit was virtually unchanged in the first quarter of 2020 as compared to the same period last year notwithstanding lower sales volume.
  • In the first quarter of 2019, the Company reported a $4.4 million gain from the change in fair value of the Weichai Warrant.
  • The Weichai Warrant was exercised in April 2019 and, as a result, had no impact on the comparable 2020 period.
  • 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.

Ballard Reports Q4 and Full Year 2019 Results

Retrieved on: 
Thursday, March 5, 2020
Companies, Weichai Group, Engines, Energy, Hydrogen economy, Hydrogen technologies, CNH Industrial, Fiat, Weichai Power, Fuel cell, Robert Bosch GmbH, Cummins

Major mobility players, including Weichai, Bosch, Cummins, Faurecia, Michelin, CNH, Hyundai and others, committed to significant investments in fuel cells.

Key Points: 
  • Major mobility players, including Weichai, Bosch, Cummins, Faurecia, Michelin, CNH, Hyundai and others, committed to significant investments in fuel cells.
  • There is growing consensus in the financial community regarding a reallocation of capital as a direct result of global climate change.
  • And, deployments of fuel cell electric buses and trucks also increased significantly in 2019, led by China."
  • We anticipate significant longer-term growth in China, Europe and California, setting the stage for attractive returns for Ballard and our shareholders."

Ballard Receives $19.2M Order from Weichai-Ballard JV for MEAs to Power Fuel Cell Electric Vehicles in China

Retrieved on: 
Monday, December 16, 2019
Energy, Articles, Weichai Power, Weichai (Chongqing) Automotive, Ballard Power Systems, Fuel cell, Ballard, Weichai Group

Weichai Power Co., Ltd. ("Weichai Power"; http://en.weichaipower.com/ ) is an investor in, and strategic partner with, Ballard.

Key Points: 
  • Weichai Power Co., Ltd. ("Weichai Power"; http://en.weichaipower.com/ ) is an investor in, and strategic partner with, Ballard.
  • Once operational, the Weichai-Ballard JV production facility will begin the manufacture of next-generation LCS fuel cell stacks and LCS-based modules to power Fuel Cell Electric Vehicles (FCEVs) for the China market.
  • The Weichai-Ballard JV is expected to have initial production capacity of 20,000 fuel cell stacks, or 10,000 modules, based on a two-shift operation.
  • Ballard Power Systems' (NASDAQ: BLDP; TSX: BLDP) vision is to deliver fuel cell power for a sustainable planet.

Power Solutions International Extends Supply Agreement with Doosan Infracore Co., Ltd.

Retrieved on: 
Wednesday, October 2, 2019
Engines, Companies, Chaebol, Doosan Group, Economy of South Korea, Weichai Power

WOOD DALE, Ill., Oct. 02, 2019 (GLOBE NEWSWIRE) -- Power Solutions International, Inc.(PSI or the Company) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified engines and power systems, today announced the extension of its supply agreement with Doosan Infracore Co., Ltd. (Doosan), a leading global machinery manufacturer.

Key Points: 
  • WOOD DALE, Ill., Oct. 02, 2019 (GLOBE NEWSWIRE) -- Power Solutions International, Inc.(PSI or the Company) (OTC Pink: PSIX), a leader in the design, engineering and manufacture of emissions-certified engines and power systems, today announced the extension of its supply agreement with Doosan Infracore Co., Ltd. (Doosan), a leading global machinery manufacturer.
  • The new agreement extends PSIs existing distribution rights for Doosans product line through 2023.
  • In addition to the Doosan product line, PSI offers 32-liter, 40-liter and 53-liter engines developed in conjunction with Weichai, its strategic partner.
  • 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.

Ballard Reaches Agreement for $44M Order With Weichai-Ballard JV to Support Initial Fuel Cell Vehicle Deployments in China

Retrieved on: 
Wednesday, May 1, 2019
Energy, Articles, Universe, Weichai Group, Weichai Power, Fuel cell, Ballard

The order will have a total value of approximately $44 million to Ballard.

Key Points: 
  • The order will have a total value of approximately $44 million to Ballard.
  • Once assembled by the Weichai-Ballard JV, final modules will be sold to Weichai Power Co., Ltd. ("Weichai") to support initial deployments against Weichai's commitment to supply a minimum of 2,000 fuel cell modules for commercial FCEVs in China.
  • Randy MacEwen, Ballard President and CEO said, "This is a very exciting next step for our Weichai-Ballard joint venture.
  • Weichai's commitment to support the deployment of 2,000 FCEVs in China is the largest to date globally.