“Vehicle manufacturers in Shandong have covered a number of leading companies such as BYD, Geely, Chery, FAW Volkswagen, Sinotruk, FAW Jiefang, and BAIC Foton.” He Qiang, director of the Equipment Industry Department of the Provincial Department of Industry and Information Technology, explained that in 2025, the province's intelligent connected vehicle production accounted for 62.7% of automobile production, and 10 enterprises including Weichai were selected as one of the top 100 automobile supply chains in China in 2026. Focusing on strengthening the advantages of new energy heavy trucks, expanding the scale of new energy passenger vehicles, and breaking through the intelligent connectivity industry, Shandong is continuing to make efforts to maintain the value added growth rate of the automobile manufacturing industry in the province above 10% and exceed 700 billion yuan in revenue this year.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.