Wei Chai Tan Xuguang: Prime Minister's Work Report Adds Confidence in the Transformation of Equipment Manufacturing Industry

“In the “Government Work Report,” Premier Li Keqiang emphasized: Manufacturing is our dominant industry. We must implement “Made in China 2025”, insist on innovation-driven, intelligent transformation, strengthen basic and green development, and accelerate the transition from manufacturing to a manufacturing power. The equipment manufacturing industry has given us tremendous confidence in development,” said Tan Xuguang, deputy to the National People’s Congress and chairman of Shandong Heavy Industry Weichai Group , after listening to the Prime Minister's work report.

Tan Xuguang believes that the country's drive to transition to high-end manufacturing is a great advantage for equipment manufacturing companies. Our transformation and upgrading will be accelerated. At the same time, the implementation of the “One Belt and One Road” strategy and the free trade agreement between China and South Korea and China and Australia have brought good opportunities for the development and development of the manufacturing industry. The ability to participate in international competition and cooperation will continue to increase.

To adjust the industrial structure and achieve transformation and upgrading is one of the key tasks put forward in the Prime Minister's report, and it is also a subject that must be solved for the development of the enterprise itself.

The rapid development of Weichai in the past ten years has benefited from the transformation and upgrading. The future way out is also gestation and figuration in the new transformation and upgrading. How to understand the connotation of the new normal? How to grasp the development direction of the company in the new normal? Tan Xuguang said that scientific positioning, take the initiative to adapt to the new normal, and achieve new breakthroughs in reform and transformation, transformation and upgrading is both a challenge and an opportunity.

In recent years, Weichai Group has actively promoted the transformation and development, accelerated structural adjustment, enhanced competitive advantage, and committed to building an international, diversified, innovative, open-ended enterprise group, striving to transform from general technology to core technology; from manufacturing to Service-oriented manufacturing transformation; transformation from investment-driven to investment-driven consumption; transformation from domestic development to global integration; transformation from product management to brand operation.

This strategy has achieved initial success. Weichai’s engine business has gradually transformed from land-based power to full-series, all-round, green, and general-purpose power. Its technical level and emission standards are always at the leading domestic level. New energy power and marine use The power has achieved rapid development. Through the acquisition of Germany's Linde Hydraulics, it broke the foreign technology monopoly in the hydraulic field. Adhere to the innovation drive to enhance the company's core technology competitiveness. Currently, it has four state-level enterprise technology centers for engines, construction machinery, commercial vehicles, and transmissions, as well as a world-leading engine product testing center, and has established a global collaborative R&D platform in the United States, Germany, France, Italy, and China.

Under the guidance of the “One Belt and One Road” strategy, Weichai has also continuously adjusted its development strategy and started to establish production facilities (India) in the local market, and to implement technical and export licensing for local companies (Myanmar, Ethiopia, etc.). Ways to open up the market in other ways have changed the development model of simple product exports, and the degree of internationalization has continued to deepen. In the process of internationalization, Weichai is focusing on promoting the transformation from domestic development to global integration, and promoting the competitiveness of the industry through its own transformation and upgrading.

Tan Xuguang said that more than 60 years of historical and cultural accumulation has injected a profound force for Wei Chai this national brand to go international. The work report of the Prime Minister has strengthened our confidence in transformation and upgrading. We will accelerate the pace of innovation and continuously improve the quality of development. We will strive to become a pioneer in the fourth industrial revolution led by intelligent manufacturing.

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