On the evening of January 20, 2024, Shandong TVs "Shandong News Broadcast" featured Shandong Heavy Industry Groups ongoing efforts to optimize and strengthen its position as the "chain leader," propelling high-quality development in the high-end equipment industry. This initiative aims to facilitate the transformation and upgrading of the manufacturing industry in Shandong Province, achieving a higher level of development.
Shandong Heavy Industry Group, with its subsidiaries SINOTRUK, Zhongtong Bus, Weichai Power, Shantui Co., and Weichai Lovol Smart Agriculture, serves as the "chain leader" in four industrial chains — automobiles, construction machinery, agricultural machinery equipment, and hydrogen fuel cells. These enterprises collectively drive the development of 2,588 upstream and downstream companies within Shandong Province. In the future, Shandong Heavy Industry Group plans to integrate technology, innovation, and talent to efficiently allocate resources along the industrial chain. The goal is to collaboratively create a win-win, sustainable, and resilient industrial ecosystem, achieving double-digit growth in 2024.
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