When mentioning groups in the commercial vehicle sector, many think of Sinotruk, Weichai Holding, and other industry leaders. Behind these giants stands the low-key yet powerful "behemoth" – Shandong Heavy Industry Group.

　　The group owns and operates companies including Weichai Power, Sinotruk, Shaanxi Heavy Duty Truck, Fast Gear, Shantui, Lovol, and Zhongtong Bus. It also encompasses overseas brands like Germany's KION Group and Italy's Ferretti Group. This creates a complete closed-loop industrial chain spanning powertrain systems, commercial vehicles, construction machinery, agricultural equipment, intelligent logistics, marine transportation, and power energy.

　　As a multinational giant deeply engaged in global competition, Shandong Heavy Industry Group achieved revenue exceeding RMB 600 billion in 2025. International business accounts for a significant 60% of this total, with export revenue surpassing RMB 100 billion. Its products are sold in over 170 countries and regions. Notably, its subsidiary Sinotruk has maintained the number one position in heavy-duty truck exports in China for over 20 consecutive years.

　　Technologically, the group has made multiple breakthroughs in areas such as large-bore engines, solid oxide fuel cells, and new energy three-electric systems. It has also launched a 5-megawatt high-speed diesel generator set, which ranks first globally in power density. Its subsidiary Weichai is the world's number one seller of heavy-duty diesel engines and, leveraging its data center power solutions, has become a core electricity supplier for global computing power infrastructure, with related business sales surging 259% year-on-year in 2025.

　　Addressing the green transformation in the commercial vehicle field, Shandong Heavy Industry Group has built a diverse technology roadmap encompassing pure electric, hybrid, hydrogen, and low-carbon engines. This strategy drove new energy business revenue to achieve over 140% high growth in 2025.

　　Furthermore, the group's finance company, acting as a "financial reservoir," now manages assets exceeding RMB 70 billion. This not only ensures the risk resistance capabilities of its various divisions but also provides continuous momentum for the group's strategic upgrades, power energy layout, new energy R&D, and international expansion.

　　Through 17 years of "unwavering focus on the core business," Shandong Heavy Industry Group now holds 11 listed companies and leads a network of over 2,500 upstream and downstream partners, firmly establishing its position as a supply chain "chain master." Looking ahead to the "15th Five-Year Plan" period, the group is accelerating its progress towards its goal of becoming a world-class high-end equipment multinational enterprise with revenue exceeding USD 100 billion.