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Following on June 29, Weichai Power signed a strategic cooperation agreement with DS Department of BOSCH, and after the exclusive supply of Weichai Power to the 126mm bore engine fuel injection system, Weichai Power again on August 16th. Together with Bosch's EB Division (Energy and Body Electronics Systems Division), we implemented the exclusive supply of starters and generators in the 126 mm bore engine field to Weichai Power. So far, China's largest internal combustion engine manufacturer - Weichai Power and the world's largest auto parts manufacturer - Germany Bosch fully cooperate to create a high-level supply chain, so far, Weichai Power WD, WP series diesel engine in the fuel injection system and The electrical system has fully entered the world's leading technology level, and it will join hands to seize the Chinese engine market of Euro III and even higher standards.
It was learned from the meeting that Weichai Power and Bosch signed a cooperation agreement. Bosch will then form an exclusive partnership with Weichai Power in the matching and supply of starter and generator products, and prioritize the highest quality resources with Weichai. Supporting the engine, the two sides jointly create a high-quality Chinese power product. Weichai Power also became Bosch's most important strategic partner in China.
Weichai Power is China's largest internal-combustion engine manufacturer and the world’s largest high-power high-speed engine production base. The company’s main products are the WD615, WD618, and WP10/12 diesel engines with a displacement of 10 liters and 12 liters, and emissions reach Euro II and Euro III. standard. In the newly developed engine products in 2006, the consumption of diesel fuel was reduced by 15% compared with similar domestic products, reaching the world's advanced level. The Chinese government awarded the China Famous Brand and China Well-known Trademark, which is the first power brand of China's high-power engine.
The Bosch Group is one of the world's leading manufacturers of automotive technology, industrial technology and intelligent technology. It has established 270 branches worldwide, of which 230 are located outside Germany. As the world leader in automotive component technology, Bosch invented the world's first spark plug with high-voltage electromagnetic ignition system in the world and electro-hydraulic braking system in the world. It has created numerous state-of-the-art Bosch technologies. As the world's largest independent supplier of automotive OEM equipment, Bosch has up to 120 production sites. In 2005, global sales revenue reached 42 billion euros.
The conclusion of this alliance is another result of Weichai Power's vigorous efforts to promote "chain innovation" and is an innovation in the development model of the company. Weichai Power, a world-renowned power brand, has been aiming for the world's latest engine technology over the years and is constantly upgrading its own technology platform. In particular, this year, Weichai Power, in line with the "chain innovation" development path, regards the integration of the industrial chain as the main measure for enhancing core competitiveness and unwaveringly develops toward the strategic goal of "general independent engine manufacturer".
Since the beginning of this year, Weichai Power has formed strategic alliances and partnerships with Beiqi Foton, AVL Austria, Chongqing Hongyan, Beifang Mercedes-Benz, Zoomlion, Bosch DS, Shaanxi Zhongqi, etc., in technological innovation, market expansion, and branding. Construction and other aspects have been carried out in an all-round way, and good results have been achieved. In the first half of the year, the market share of heavy-duty vehicles has been greatly improved.
One is China's largest internal combustion engine manufacturing company, and the other is the world's largest auto parts manufacturer. The two companies are partners for many years and have a good cooperation background. In the past five years, Bosch and Weichai Power have maintained a good cooperative relationship on starter and generator projects. As the main components of the engine, the starter is not to underestimate the impact on the engine quality. Due to the limitation of the technical level of domestic suppliers, the starter faults of major brands of engines are the main problems of customer feedback, and the failure rate even reaches 10%. The exclusive Bosch starter from Weichai Power, with a failure rate of less than 0.1%, is the core component purchased by Weichai Power. The Weichai Euro II and Euro III engines are all equipped with Bosch's fuel injection systems and start-up equipment. Bosch has thus become one of the largest suppliers of Weichai power.
Weichai Power's strategic alliance with Germany's Bosch is a new starting point for further close cooperation between the two parties. The comprehensive optimization and integration of the price advantages, brand advantages, technical advantages, and service advantages possessed by both parties will undoubtedly promote “chained innovation†to a new level and level, and greatly enhance the company’s core competitiveness. A Weichai power with strong international support and high quality suppliers is worthy of people’s expectations.
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