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Weichai Group annual sales top ¥200 billion, eyes $100 billion by 2030

JINAN, Shandong – Weichai Holding Group Co., Ltd., China’s leading comprehensive manufacturer of engines, vehicles and equipment, is looking to achieve annual sales revenues of $100 billion by 2030. The announcement was made by Tan Xuguang, chairman of Weichai as well as chairman and Party secretary of parent company Shandong Heavy

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Tan Xuguang’s appetite for expansion

Tan Xuguang, the 51-year-old chairman of Weichai Group, a state-owned company in Weifang, Shandong Province, has built his automotive empire or “golden industrial chain” of engines, powertrains, parts and components and whole vehicles through mergers and acquisitions. Last year, Weichai expanded into the bus sector by becoming the majority owner of

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Legislative proposals from automotive executives

Senior automotive executives who are members of China’s parliament, the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC), put forward a variety of legislative proposals related to China’s auto industry during the annual session in Beijing on March 3-14. The following is a summary of some

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