Core Viewpoint - The recent launch of the LHY hydraulic brand by Weichai Power at the Global Partner Conference signifies a new phase in technological breakthroughs and global industrial chain collaboration, showcasing Weichai's dual-driven strategy of "technology leadership + global integration" [1][3]. Group 1: Brand and Technology Development - The LHY hydraulic brand represents a key step in Weichai Power's global technological layout, evolving from the legacy of Linde Hydraulics, which was established in 1904, and has transformed from a single hydraulic component supplier to a system solution provider [3]. - The brand logo incorporates elements that symbolize historical continuity and strategic transformation towards powertrain system solutions, utilizing a "German R&D + Chinese manufacturing + global service" model applicable across various sectors [3][5]. Group 2: Product and R&D Investment - Weichai has invested over 30 billion yuan in R&D over the past decade, maintaining a research intensity exceeding 6%, and has developed over 60 products ranging from 2L to 340L in displacement and 18kW to 10,000kW in power [6][10]. - The LHY hydraulic system boasts 593 patents, including 106 invention patents, establishing a strong technological barrier [5]. Group 3: Market Applications and Global Strategy - Weichai's power systems have become a critical link in the industrial chain, with successful applications in commercial vehicles, agricultural equipment, and mining machinery, supporting various enterprises in their technological advancements [10][12]. - The company's global strategy emphasizes deep collaboration in technology, manufacturing, and service, with a 30% year-on-year increase in engine export revenue in the first three quarters [12]. Group 4: Future Vision and Industry Impact - Weichai aims to become a high-end hydraulic powertrain system solution provider, leveraging Sino-German cooperation to drive high-quality development in the hydraulic industry [14][16]. - The company is actively participating in the construction of a global high-end equipment industrial chain, providing efficient and green solutions to its customers [16].

Core Insights - The Weichai Group's 2025 Global Partner Conference was held in Qingdao, focusing on "Technology Empowerment for a Better Future" [1] - Weichai aims to upgrade its positioning to become a co-creator of value and a leader in ecological development, alongside global partners [1] Group 1: Company Overview - Weichai showcased its comprehensive operational status, emphasizing its full range of engine products and leading R&D and manufacturing capabilities [1] - The company has established a robust overseas service network to support global customers efficiently [1] Group 2: Product and Innovation - The conference highlighted Weichai's 29 domestic and international brand matrix, covering six major business sectors, showcasing its strength in "national heavy equipment" [2] - Weichai introduced diverse green low-carbon new energy products, reinforcing its commitment to core technology development [2] - The company announced the rebranding of its hydraulic brand from "Linde Hydraulics" to "LHY," aiming to accelerate its goal of becoming a global leader in hydraulic systems [2]