Weichai Lovol leads China agricultural machinery industry
On January 6th, a Weichai Lovol Smart Agriculture 2025 Global Supplier Conference with the theme of "Never slack off, always stand at the forefront, always strive for first place" was held in Weifang, Shandong. Weichai Lovol and representatives from over 400 suppliers from around the world gathered together to launch the R&D community plan, jointly create a community of value, interests, and destiny, and build a friendly and fresh ecology, accelerating the leap of China's agricultural machinery industry towards high intelligence.
Weichai Lovol is one of the six major business segments of Shandong Heavy Industry, and is the "chain owner" enterprise of China's agricultural machinery and equipment industry chain, as well as the largest agricultural machinery and equipment enterprise in China. In 2024, with the strong support of global partners, Weichai Lovol rose against the trend and strode forward. Faced with the severe situation of industry decline, it achieved a revenue of 17.4 billion yuan, a year-on-year increase of 18%; The export revenue was 1.83 billion yuan, a year-on-year increase of 38%, and all indicators reached a new industry high.
With the main line of "focusing on quality, chain innovation, and moving towards high-end", Weichai Lovol continues to deepen the reform of the supply chain and ecological reconstruction. From the construction of procurement talent team, high-end supply chain construction, strengthening of supply chain collaboration ability, and improvement of supplier quality awareness, Weichai Lovol is fully committed to building a high-end supply chain system from "inside" to "outside". While improving the quality and efficiency of procurement management, the road to high-end transformation of agricultural machinery products is also more "agile".
The transition of the supply chain system to the high-end requires both systematic "techniques" and "new tricks". This year, Weichai Lovol innovatively proposed the "new product deployment informationization" for the first time, effectively integrating "product end+core materials+product standard processes+supplier capabilities" using informationization logic. The integration of business and information technology not only enables more precise development of supplier resources, but also provides a transparent, compliant, and standardized ecological guarantee for the high-end leap of the supply chain system.
In the process of moving towards the high-end of the supply chain system, the seeds of agricultural machinery products turning from "high" to "smart" are beginning to bloom and bear fruit. The power shift and CVT tractor have established industry-leading technological advantages, achieved mature commercialization and application of products, won the "Gold Award" in the National Machinery Industry Design Innovation Competition, and won the first prize in the industry's only agricultural machinery science and technology award... Multiple high-end intelligent agricultural machinery innovation achievements and industry honors continue to emerge. With the dual improvement of "intelligence and quality" of the entire series of products, Weichai Lovol is taking the lead and leading the way in promoting China's agricultural machinery to leap towards high intelligence.
Innovative collaboration to build a "new ecological chain" for the agricultural machinery industry
In addition to focusing on the high-end transformation of the supply chain system, as the main player in the domestic agricultural machinery industry chain, Weichai Lovol actively "chains" agricultural machinery in Weifang, Linyi, Rizhao and other places
