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Weichai
Weichai Holding Group Co., Ltd. () is a Chinese state-owned enterprise specialized in the design, manufacturing and sale of diesel engines. The company operates on four different business sectors which are engines and vehicles, powertrains, luxury yacht and automotive parts. Headquartered in Weifang, Shandong Province, China, the Weichai Group is holding more than 80 subsidiaries set throughout China and overseas. The group offers products, services and technologies for commercial vehicles, construction machinery, marine power, agriculture machinery and power generation. Thanks to its subsidiaries, it also provides transporting equipment, buses, luxury yachts and hydraulics products. Having more than 35 offices and 245 authorized services stations through the world, Weichai products are sold in approximately 110 countries. Group History From the origins to 2007 Weichai, formerly known as Yucheng Ironworks, was founded in 1946 in Weihai, Shandong Province, China. Based on this ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weichai Power
Weichai Power Co., Ltd is a developer and manufacturer of diesel engines with headquarters in Weifang, Shandong in the People's Republic of China. It also manufactures forklifts and non-diesel engine automotive parts. History Weichai Power was founded on 23 December 2002. Its shares began trading on the Hong Kong Stock Exchange in 2004 and the Shenzhen Stock Exchange in 2007. In 2009, Weichai bought French marine engine manufacturer Moteurs Baudouin. In 2012, it agreed to buy a 25% stake in German forklift manufacturer KION Group for ; the stake grew to 38.25% by 2016. Weichai became the first Scuderia Ferrari sponsor from China in January 2013; the sponsorship was to end in 2016. The company appeared on the Fortune 500 The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by ... li ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shandong Heavy Industry
Shandong Heavy Industry Group Co., Ltd. is a Chinese state-owned Multinational corporation, multinational heavy machinery and automotive manufacturing company headquartered in Jinan, Shandong. Shandong Heavy Industry has four listed companies: Weichai Power (2338HK/000338SZ), Weichai Heavy-Duty Machinery (000880SZ), Yaxing Bus (600213SH) and Shantui Machinery (000680SZ). History Shandong Heavy Industry was founded in 2009 through a merger between Weichai Holding Group, Shandong Construction Machinery Group and Shandong Auto Industrial Group. In August 2012, Shandong Heavy Industry agreed to acquire 75% of the Italian yacht maker Ferretti Group for €178 million, plus the provision of €116 million of new credit facilities. In August 2012, Shandong Heavy Industry's Weichai Power subsidiary agreed to acquire a 25% stake in the German forklift maker KION Group for €467 million, and a 70% majority stake in Kion's hydraulics business for €271 million. In October 2019, Shandong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Weifang
Weifang () is a prefecture-level city in central Shandong province, People's Republic of China. The city borders Dongying to the northwest, Zibo to the west, Linyi to the southwest, Rizhao to the south, Qingdao to the east, and looks out to the Laizhou Bay to the north. Its population was 9,386,705 at the 2020 census, of whom 3,095,520 lived in the built-up (''or metro'') area made up of four urban districts (''Kuiwen, Weicheng, Hanting and Fangzi'') and Changle County largely being urbanized. Weifang has numerous natural and historic sites, such as Shihu Garden (from the Late Ming and early Qing Dynasty), Fangong Pavilion (from the Song Dynasty), fossil sites (including dinosaur fossils, in Shanwang, Linqu), Mount Yi National Forest Park, Mount Qingyun and the Old Dragon Spring. Painted New Year woodcuts from Yangjiabu are also well known. The city is served by Weifang Nanyuan Airport to various cities across China. History In 750 BC King Weijazhung declared Weifang as his ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shaanxi Fast Auto Drive
Shaanxi Fast Auto Drive Group is one of the major automatic transmission An automatic transmission (sometimes abbreviated to auto or AT) is a multi-speed transmission used in internal combustion engine-based motor vehicles that does not require any input from the driver to change forward gears under normal driving ... manufacturers in China. It was founded in 1968, and formed a joint venture with Eaton Corporation. It is now the largest automatic transmission manufacturer in China. External linksOfficial Site Weichai Group Automotive transmission makers Companies based in Shaanxi Manufacturing companies established in 1968 {{China-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Commercial Vehicles
A commercial vehicle is any type of motor vehicle used for transporting goods or paying passengers. The United States defines a "commercial motor vehicle" as any self-propelled or towed vehicle used on a public highway in interstate commerce to transport passengers or property when the vehicle: :1. has a gross vehicle weight rating of 4,536 kg (10,001 pounds) or more :2. Is designed or used to transport more than 8 passengers (including the driver) for compensation; :3. Is designed or used to transport more than 15 passengers, including the driver, not used to transport passengers for compensation; :4. Is used in transporting material found by the Secretary of Transportation to be hazardous. The federal definition though followed closely is meant to accommodate and remain flexible to each state's definitions. The European Union defines a "commercial motor vehicle" as any motorized road vehicle, that by its type of construction and equipment is designed for, and capable o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Luxury Yacht
A superyacht or megayacht is a large and luxurious pleasure vessel. There are no official or agreed upon definitions for such yachts, but these terms are regularly used to describe professionally crewed motor or sailing yachts, ranging from to more than in length, and sometimes include yachts as small as . Superyachts are often available for charter with a staff that caters to guests at a high standard of comfort. They may be designed to emphasize comfort, speed, or expedition capability. Depending on the season, superyachts may be most frequently found in the Mediterranean or the Caribbean. Many are available for charter at prices that exceed 100,000 per week. Larger examples may have more than one swimming pool; they may carry a variety of water toys, other boats, and some a helicopter. History At the beginning of the 20th century, when wealthy individuals constructed large private yachts for personal pleasure, some manufacturers, such as Cox & King and Charles L. Se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Shandong Province
Shandong ( , ; ; alternately romanized as Shantung) is a coastal province of the People's Republic of China and is part of the East China region. Shandong has played a major role in Chinese history since the beginning of Chinese civilization along the lower reaches of the Yellow River. It has served as a pivotal cultural and religious center for Taoism, Chinese Buddhism and Confucianism. Shandong's Mount Tai is the most revered mountain of Taoism and a site with one of the longest histories of continuous religious worship in the world. The Buddhist temples in the mountains to the south of the provincial capital of Jinan were once among the foremost Buddhist sites in China. The city of Qufu is the birthplace of Confucius and was later established as the center of Confucianism. Confucianism developed from what was later called the Hundred Schools of Thought from the teachings of the Chinese philosopher Confucius. Shandong's location at the intersection of ancient and modern ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiaries
A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a same management being substantially controlled by same entity/group are called sister companies. The subsidiary can be a company (usually with limited liability) and may be a government- or state-owned enterprise. They are a common feature of modern business life, and most multinational corporations organize their operations in this way. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, or Citigroup; as well as more focused companies such as IBM, Xerox, and Microsoft. These, and others, organize their businesses into national and functional subsidiaries, often with multiple levels of subsidiaries. Details Subsidiaries are separate, distinct legal entities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn profit for the government, control monopoly of the private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs are government entities established to pursue financial objectives and dev ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Powertrains
A drivetrain (also frequently spelled as drive train or sometimes drive-train) is the group of components that deliver mechanical power from the prime mover to the driven components. In automotive engineering, the drivetrain is the components of a motor vehicle that deliver power to the drive wheels. This excludes the engine or motor that generates the power. In marine applications, the drive shaft will drive a propeller, thruster, or waterjet rather than a drive axle, while the actual engine might be similar to an automotive engine. Other machinery, equipment and vehicles may also use a drivetrain to deliver power from the engine(s) to the driven components. In contrast, the powertrain is considered to include both the engine and/or motor(s) as well as the drivetrain. Function The function of the drivetrain is to couple the engine that produces the power to the driving wheels that use this mechanical power to rotate the axle. This connection involves physically linking the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Marine Power
Marine energy or marine power (also sometimes referred to as ocean energy, ocean power, or marine and hydrokinetic energy) refers to the energy carried by ocean waves, tides, salinity, and ocean temperature differences. The movement of water in the world's oceans creates a vast store of kinetic energy, or energy in motion. Some of this energy can be harnessed to generate electricity to power homes, transport and industries. The term marine energy encompasses both wave power i.e. power from surface waves, and tidal power i.e. obtained from the kinetic energy of large bodies of moving water. Offshore wind power is not a form of marine energy, as wind power is derived from the wind, even if the wind turbines are placed over water. The oceans have a tremendous amount of energy and are close to many if not most concentrated populations. Ocean energy has the potential of providing a substantial amount of new renewable energy around the world. Global potential There is the poten ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Power Generation
Electricity generation is the process of generating electric power from sources of primary energy. For utilities in the electric power industry, it is the stage prior to its delivery ( transmission, distribution, etc.) to end users or its storage (using, for example, the pumped-storage method). Electricity is not freely available in nature, so it must be "produced" (that is, transforming other forms of energy to electricity). Production is carried out in power stations (also called "power plants"). Electricity is most often generated at a power plant by electromechanical generators, primarily driven by heat engines fueled by combustion or nuclear fission but also by other means such as the kinetic energy of flowing water and wind. Other energy sources include solar photovoltaics and geothermal power. There are also exotic and speculative methods to recover energy, such as proposed fusion reactor designs which aim to directly extract energy from intense magnetic fields gener ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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