Strategic restructuring of weichai power Germany oderse, Austria wadis

At 8 a.m. on January 15, 2020, weichai power signed strategic cooperation agreements with Germany oerdes and Austria wadis in jinan, shandong province, marking a new stage of cooperation. Ling wen, vice governor of shandong province, leaders of shandong province and media representatives witnessed this historic moment.

According to the agreement, weichai power has successfully completed the acquisition of 80% of Germany's oedierse and will acquire 51% of Austria's wiediss, becoming the controlling shareholder of both companies.

Oder is the technical leader in the field of high power frequency conversion and power supply equipment. The two strategic reorganizations of weichai power will effectively fill in the key technical weaknesses of China's new energy powertrain motor control system and agricultural equipment CVT power system, accelerate the industrialization process of weichai new business form, and help shandong accelerate the transformation of new and old driving forces and build a high-end equipment and new energy industrial cluster.

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