Weichai (Chongqing) Automotive

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.

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.

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.

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.