Weichai Lovol achieves industry high performance
On January 8th, Weichai Lovol announced its 2024 "report card" at the 2025 Global Partner Conference. Faced with the severe situation of industry decline, Weichai Lovol achieved a total operating revenue of 17.4 billion yuan throughout the year, ranking first in the industry in terms of total sales, tractor, wheat machine, corn machine, flower vitality sales, and other aspects. Its operating performance reached a historic high, leading the industry strongly.
In the increasingly fierce market competition, Weichai Lovol not only continues to lead with absolute advantage, but also aggressively widens the gap with its competitors. What is the secret to Weichai Lovol's success in the face of such a huge leap forward development?
Ranked first on the list of the most innovative agricultural machinery in China, it won the only first prize of the Agricultural Machinery Science and Technology Award in 2024. The Weichai Lovol P2404-7V (G4) tractor was rated as reaching the international advanced technology level... One innovative achievement after another carries Weichai Lovol's commitment to scientific and technological innovation in the "new" industry.
In 2024, Weichai Lovol continues to deepen its innovation driven strategy and is at the forefront of high-end transformation and upgrading in the industry. Its power shift and CVT tractors are the only products in the domestic industry that have achieved product series and commercial mature applications. It is the first to launch the first 18kg/s large feed harvesting machinery in China and released the "Lovol Smart Agriculture Cloud" full scenario solution at the China International Agricultural Machinery Exhibition, focusing on creating an open and shared agricultural ecosystem and opening a new chapter in the development of smart agriculture in China. The continuous R&D investment without any upper limit has also enabled Weichai Lovol to lead the "smart" manufacturing of Chinese agricultural machinery,
ushering in one upgrade leap after another from "0 to 1" and from "1 to N".
At the same time, Weichai Lovol deeply integrates industry, academia, research, and application, and collaborates with multiple domestic research institutes, universities, and component companies to focus on technical breakthroughs in key core components of tractors, harvesting machinery, and seeders, effectively overcoming a number of major technological challenges. Among them, I have presided over 8 national key research and development projects, including "Research and Development of Intelligent Rice Wheat Joint Harvesting Technology and Equipment" and "Research on Key Technologies for Intelligent Heavy Tractors and Whole Machine Development", and participated in 20 projects. As of now, Weichai Lovol has built more than ten important national and provincial scientific research and innovation platforms, undertaken 138 national and provincial technology innovation projects, and made strong breakthroughs in multiple key core technologies. Its scientific research achievements have blossomed in multiple places, leading China's agricultural machinery and equipment industry towards a high-quality development path.
Focusing on "one big and one small", Weichai Lovol responds to the national policy of optimizing machinery and subsidies, leading the domestic tractor industry into the era of power shifting and CVT. It has launched a commercial CVT continuously variable transmission intelligent tractor with 240/340 horsepower, with an import substitution rate of 30% within two years of its launch; Independently breaking through the intelligent harvester technology with a feeding rate of 18 kg/s, filling the domestic gap; We have launched specialized agricultural machinery such as articulated tractors for hills, mountains, and orchards, with industry-leading technology and performance indicators, filling the gap in comprehensive mechanization throughout the entire agricultural process.
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