In Jakarta, Indonesia, Shandong Heavy Industry • Weichai Power successfully held the 3rd Global Partners Conference and Southeast Asia New Product Exhibition from January 22 to 23. This conference is the third major event for Shandong Heavy Industry in response to the "Belt and Road" initiative and deepening its international market layout, attracting over 1,000 dealers, key customers, financial partners, and media representatives from more than 20 countries and regions including Southeast Asia, East Asia, Australia, and New Zealand to gather together to discuss cooperation opportunities and plan future development. Tan Xuguang, Chairman and General Manager of Shandong Heavy Industry Group, and also Chairman of Weichai Power and China National Heavy Duty Truck Group, attended the event and delivered a speech themed "Creating Higher Customer Value Together." He also presented awards to 14 companies recognized as 2023 Strategic Partners. Six partner representatives from Indonesia, Vietnam, Singapore, and other countries shared their experiences of win-win cooperation with Shandong Heavy Industry • Weichai Power. On the afternoon of the 22nd, China National Heavy Duty Truck Group signed a joint venture cooperation agreement with Indonesia's MNC Group. Tan Xuguang and MNC Group Executive Chairman Hary Tanoesoedibjo delivered speeches and witnessed the signing. MNC committed to fully supporting China National Heavy Duty Truck Group in enhancing its competitiveness and influence in financing leasing services and overseas brand promotion. Subsequently, China National Heavy Duty Truck Group signed an agreement with Indonesia's Moratus Group on localized production of commercial vehicles. Tan Xuguang, Indonesian Ambassador to China Djauhari Oratmangun, and Moratus Group Chairman Charles Menaro delivered speeches and witnessed the signing ceremony. Shandong Heavy Industry Group, headquartered in Jinan, China, is a multinational industrial equipment group with significant global influence, employing 150,000 people and achieving an annual revenue of 500 billion RMB, with domestic sales, exports, and overseas industries accounting for 4:3:3. The group includes well-known brands such as Weichai Power, China National Heavy Duty Truck Group, Shaanxi Heavy Duty Truck, Lovol Smart Agriculture, Shantui Construction Machinery, Zhongtong Bus, as well as Italy's Ferretti, Germany's KION, Linde Hydraulics, America's Dematic, PSI, and France's Baudouin. Its business scope covers six major fields: power systems, commercial vehicles, agricultural equipment, construction machinery, smart logistics, and marine transportation equipment, with science and technology innovation centers in multiple countries worldwide. In recent years, Shandong Heavy Industry has accelerated its global business pace. In 2023, product export revenue reached 85 billion RMB, a year-on-year increase of 57%, achieving at least 50% growth for four consecutive years. Currently, the group has 287 overseas offices, 905 sales agents, more than 10 localized joint venture factories, and 1,500 expatriate employees worldwide, providing products and service solutions to over 150 countries and regions, forming a significant global competitive advantage. During the event, Shandong Heavy Industry also held a new product exhibition, featuring international brands such as Germany's KION Linde Forklift and Italy's Ferretti Yachts, as well as domestic brands including Weichai Power, China National Heavy Duty Truck Group, Shaanxi Heavy Duty Truck, Shantui Construction Machinery, Lovol Heavy Industry, Weichai Lovol, Zhongtong Bus, and Yaxing Bus. Twelve companies showcased over a hundred core products and latest technologies. The exhibition was grand in scale, diverse in categories, and rich in exhibits, fully demonstrating Shandong Heavy Industry Group's strong capabilities in new energy, power systems, commercial vehicles, construction machinery, agricultural equipment, and marine transportation equipment. Source: Dazhong News