Office buildings of Sinotruk. [Photo/WeChat account: JN_Daily]

Headquartered in Jinan, Shandong province, Shandong Heavy Industry Group is a world-leading automotive and equipment manufacturing company that has 140,000 employees and total assets worth 367.3 billion yuan ($57.45 billion).

In 2020, the company had a revenue of more than 500 billion yuan while its profit was in excess of 2 billion yuan.

The company's business covers seven sectors: power systems, commercial vehicles, construction machinery, intelligent logistics, agricultural equipment, luxury yachts, and financial service.

The group has listed companies including Weichai Power, Sinotruk, Weichai Heavy Machinery, Shantui Construction Machinery, Zhongtong Coach, Asiastar Coach, and Germany Kion Group.

Focusing on scientific innovation, the company operates a national key laboratory for internal combustion engine, several national enterprise technology centers, the National Commercial Vehicle Powertrain Assembly Engineering technology Research Center and National Heavy Duty Vehicle Engineering Technology Research Center. It has also set up innovation centers in the United States, Germany, and Japan.

Shandong Heavy Industry Group is aiming to become an international industrial equipment company offering complete vehicle engines and the power systems and boasting its own core technologies.

The company's strategic goal is to have revenues hit $100 billion by 2025 and be a leading force in the world's new energy business by 2030.