Weichai Power signed cooperation agreement with Shenhua Group and Entropic Zero Group It is understood that on a global scale, the number of large-scale mining trucks is approximately 25,000, domestic ownership is approximately 5,000, and domestic annual sales are approximately 1,000. The total market for engine parts, replacements, overhauls, and daily repairs is approximately 25 billion yuan a year. At present, this market is basically monopolized by foreign brands, and engine and maintenance costs are very expensive, and it is showing an upward trend.
Shenhua Group, as the largest and most modernized coal enterprise in China and the largest coal distributor in the world, has been adhering to the integrated development of mines, roads, ports, electricity, and electricity, and is committed to building a world-class large-scale energy company. Entropy Zero is a pioneer in the creative labor industry in the field of science and technology innovation, and has formed its own core competence in areas such as technological innovation, transformative technology creation, and intellectual property.
Weichai is one of the automotive and equipment manufacturing groups with the most comprehensive strength in China. It is also a global supplier of power for the entire series and the entire field. It possesses domestic first-class, internationally leading independent innovation capabilities and has built up an experience of independent research and development. The highly qualified international talent team has been deeply cultivating the Chinese market for 70 years and has the ability to profoundly understand and efficiently meet the individual needs of customers. It is committed to creating world-class, high-value products with the most cost, core technology, and quality competitiveness to provide customers with Differentiated, high value-added services; Weichai put forward this year's goal of becoming high-end and challenging the world's first, and strive to become the leader of the global engine industry.
Tan Xuguang, chairman of Shandong Heavy Industry Group and chairman of Weichai Group, stated that Shenhua, Zero Entropy, and Weichai have a strong affinity for strategic positioning, resource sharing, and industry chain synergy. This is not only a powerful combination, but also The important choice to achieve mutual benefit and win-win results for the three parties will help improve the core competitiveness and influence of the three parties. At the same time, this is an important embodiment of Weichai as an industry leader in actively fulfilling its social responsibilities and implementing the strategy to build a strong country, which will help accelerate the breakthrough of key technology bottlenecks, break the monopoly of foreign brands on domestic high-end high-power engine products, and promote China’s large-scale energy Equipped with product upgrades, it will create a big country.
This is a powerful combination of China's equipment manufacturing industry, and it is an important cooperation to build a powerful country and break through international monopolies.
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