Weichai Power Announces Strategic Investment in Aradex AG, Embracing the Whole Industrial Chain of New Energy
(16 December 2019) - Weichai Power Co., Ltd. ("Weichai Power" or "the Company", HKEX: 2338, SZSE: 000338) has announced its strategic acquisition of Aradex AG, another global strategic attempt in the new energy power systems industry following its strategic investment in Ballard Power and Ceres Power. Weichai Power has not only mastered key technologies of traditional powertrain for heavy duty commercial vehicles so far, but also successfully integrated "battery, motor and electronic control" into a whole new energy power system to propel the whole industrial chain, coupled with the power of Aradex AG. Those achievements paved the way for Weichai Power to be "a global leader in new energy industry by 2030"- its strategy planning, in terms of advanced product and technology. Since founded in 1989, Aradex AG has been committed to the R&D of motor, electric control and power supply for industrial and transportation industry, and now has become a pioneer in high power variable frequency a...
2019-12-16