At the performance conference held by Weichai Power on March 31, 2023, the relevant person in charge of Weichai Power stated that overseas exports have drawn a new growth curve. The annual export of engines was 55,000 units, a year-on-year increase of 56%. Exported 25,000 units, a year-on-year increase of 54%. At the same time, the sales of heavy trucks in the overseas market achieved a 79% increase, reaching 34,000 units, a record high.

The relevant person in charge of Weichai Power said that they have relatively optimistic expectations for the heavy truck market this year, especially in terms of overseas exports. In the first quarter, the service customers achieved a substantial year-on-year increase. Considering the competitiveness of China's high-end manufacturing products, it is expected to remain high. Boom level. "Currently, in markets such as the Middle East, Africa, and South America, the share of heavy trucks in China is rapidly increasing, and this year's sales are expected to increase significantly compared with last year."

Some experts analyzed that in 2022, due to factors such as the epidemic, rising raw material prices, and chip shortages, the European and American commercial vehicle industry chains will be affected, and China's commercial vehicle industry chain will replace foreign brands in production capacity. In addition, the flow of second-hand commercial vehicles from Europe and the United States to developing countries has slowed down, leading to an increase in demand for new car purchases, which is conducive to new Chinese cars with high cost performance.

In addition, Weichai Power has accelerated its global expansion and layout in large-bore engines, and has maintained rapid growth in recent years. The person in charge of Weichai Power said that engines with a capacity of more than 500 kilowatts are relatively tight products, and there are only 3 to 5 suppliers in the world. Weichai Power plans a series of layouts ranging from small to large cylinder bores, and sold 8,800 units last year. They plan to achieve more than a quarter of the market share within two or three years. The large-bore engine itself has a relatively high profit margin, and has become a strategic growth pole that Weichai Power attaches great importance to.Editor/Ma Xue