On October 29, Weichai Power Technology Innovation Conference was held in Xi'an.

Wu Dengchang, vice governor of Shaanxi Province, Bai Aying, director of the Shaanxi State-owned Assets Supervision and Administration Commission and director of the Ministry of Industry and Information Technology Jiang Yue attended the meeting and delivered an important speech. The chairman of Weichai Power Tan Xuguang, chief executive Fang Hongwei and chief executive Li Dakai attended the meeting.

The development plan of Weichai Power for the next five years was announced at the meeting. The Group will increase its investment in scientific research and vigorously promote the strategy of promoting science and technology. By the end of 2012, SAIC Motor will achieve 150,000 strategic plans, and Fast will surpass 1 million.

Wu Dengchang, deputy governor of Shaanxi Province, Jiang Yue, director of the Shaanxi Provincial Department of Industry and Information Technology, and Bai Aying, director of the Shaanxi Provincial State-owned Assets Supervision and Administration Commission, respectively, said in their speeches that they must unreservedly and fully support Weichai Power to become stronger and stronger in Shaanxi. He also stated that he must increase support for funding and how much he needs to support. It is hoped that Weichai will not only become a giant in the equipment manufacturing industry but also become a giant in the global industry. Weichai Power should seize the opportunity to become an industry giant in the adjustment of global industrial structure.

Bai Aying, the director of the Shaanxi Provincial State-owned Assets Supervision and Administration Commission, announced at the meeting that after three years of integration, Shaanxi Heavy Industries and Construction has demonstrated that the reorganization of Weichai power is successful every year at a rate of 30%, and the choice is correct.

He emphasized that as one of the shareholders of Shaanxi Zhongqi, I, on behalf of the Shaanxi Provincial State Assets Supervision and Administration Commission, told us responsibly that we will not toss again. Finding a partner such as Weichai Power is a blessing for our two Shaanxi enterprises. We will Unswervingly support the development of Weichai Power in Shaanxi.

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