At the beginning of 2021, Weichai Group officially completed the strategic reorganization of Lovol Heavy Industries. One is a powertrain supplier and the other is an agricultural equipment manufacturer. The cooperation between the two parties has made many people look forward to it. At the Weichai Power 2020 results conference on March 31, an analyst asked Chairman Tan Xuguang what his intention was for this acquisition. Tan Xuguang said that the future of agriculture must be a high-tech transformation, and we want to promote the transformation and upgrading of agricultural equipment.

Relying on the advantages of Weichai Power’s electronic control, new energy, driverless and other new technologies, and efficient collaboration with Lovol, we will change the “big but not strong” situation of my country’s agricultural equipment industry, and promote my country’s agricultural equipment to become intelligent, high-end, and smart. Transformation and upgrading to establish core competitiveness. In particular, the CVT hydraulic powertrain that Weichai Power has successfully developed is a must for high-end agricultural equipment.

At the same time, the acquisition will also bring room for 100,000 engines to Weichai Power. Editor/Tian Zengpeng