Weichai Holding Group Co., Ltd., a leading Chinese powertrain manufacturer, has acquired a controlling stake in Lovol, one of the country’s major agricultural equipment makers.
Source: Xinhua News Agency Read The Article
PSR Analysis: People look up to leading companies in industry because often times they are not just leading the trend, they are also setting an example of weathering the storm during crisis.
Weichai Power is among the prominent ones that are leading the industry. By investing heavily in fuel cells, Weichai Power is setting the path for the heavy duty industry to the future; by acquiring and merging OEMs, Weichai Power is consolidating its customer base to brace for the incoming impact.
Emission upgrades, future powertrain challenges, not to mention increased competition in the industry, coupled with Covid-19 impact, if there is anyone survive any of these challenges, Weichai is definitely one of the few. PSR
Qin Fen is Business Development Manager-China for Power Systems Research
