On September 16, 2020, Weichai Power released the world's first commercial diesel engine with a thermal efficiency of more than 50%, achieving a revolutionary breakthrough. After the release of this news, it has aroused widespread concern in the industry and the capital market, and Weichai Power's stock price has risen by 10% consecutively.
On January 8 this year, Weichai Power officially released the world's first ontology thermal efficiency 51.09% diesel engine, which is another major revolution in the thermal efficiency of traditional power and also provides a strong technical preparation for the implementation of the "National Seven" emission standards.
51% thermal efficiency, traditional power is at the forefront
The thermal efficiency of Weichai Power Diesel Engine body is 51.09%, which once again refreshes the industry record, further widens the gap with competitors, continuously consolidates the leading position with leading technology, and leads the transformation and upgrading of the industry. The application of 51% thermal efficiency technology will fully realize weichai power's full range of all-field diesel engines to lead the world; it is of great strategic significance for promoting energy conservation and emission reduction and green development in China's traditional internal combustion engine industry; and it has an important technological leading role in the global internal combustion engine industry.
According to estimates, compared with the mainstream products in the market (46% thermal efficiency diesel engine), 51% thermal efficiency diesel engine can reduce fuel consumption and carbon dioxide emissions by 10% respectively, which can save 16 million tons of fuel in China every year, with economic benefits of about 140 billion yuan; carbon dioxide emissions can be reduced by 50 million tons per year. In the future, with the large-scale application of this top technology in the industry, it will surely bring huge economic and social benefits.
With the continuous advancement of the national "double carbon" strategy, Weichai Power, as a leading enterprise in internal combustion engines, continues to challenge the goal of higher thermal efficiency. In December 2021, Tan Xuguang issued a mobilization order of "six walking in the forefront", proposing that the thermal efficiency should reach a target of 55% during the "14th Five-Year Plan" period.
Hydrogen fuel cells, model promotion multi-point flowering
On January 8, at the 51% thermal efficiency diesel engine press conference, Shandong Heavy Industry Group delivered the first batch of Sinotruk hydrogen fuel heavy tractors to Shandong Port Group, supporting Weichai's self-developed hydrogen fuel cell system, which has the characteristics of strong power, green environmental protection, safety and reliability, high efficiency and full attendance.
Recently, the concept of fuel cells is a hot topic in the capital market. With the deepening of analyst research, Weichai Power, the leader in the hydrogen fuel cell industry, has gradually been excavated and has become the core target of the capital market. Why? In fact, the low-key Weichai Power has made many breakthroughs in the field of fuel cells:
In terms of hydrogen energy parks, the first high-power containerized hydrogen fuel cell cogeneration system and the first 30kW solid-state oxide fuel cell cogeneration system in China were put into operation in Weifang; the first 3-ton hydrogen fuel cell forklift in China was developed to create a zero-carbon logistics and handling environment.
In terms of hydrogen energy ports, the first 80-passenger hydrogen fuel cell passenger ship in China was successfully launched in Jinan Xueye Lake to achieve zero-carbon emission shipping; the country's first port hydrogen fuel cell heavy truck demonstration operation project was launched in Qingdao Port.
In terms of hydrogen energy high-speed, the country's first highway hydrogen refueling station was put into operation in Zibo; the 49-ton fuel cell heavy truck supporting Weichai power products ran for more than 5,000 kilometers on the route from Jinan Taigang to Qingdao Dongjiakou Port Area.
It is worth noting that on October 27, 2021, China National Heavy Duty Truck Yellow River Snow Wax Vehicle equipped with Weichai's 162kW hydrogen fuel cell system served the Winter Olympics, achieving "China's first, world-leading and completely domestically produced".
Multi-dynamic all-around champion
With the deepening of the conversion of new and old kinetic energy and the promotion of the national "double carbon" strategy, higher requirements are put forward for both traditional power and new energy. New energy cannot eliminate traditional energy, and traditional energy cannot stop new energy, because the diversified needs of customers promote the existence and development of diversified power. With continuous breakthroughs in the field of traditional power and all-round layout in the field of new energy, Weichai Power has promoted with this strategy and steadily held the leading position of power, which will eventually open up valuation space for it in the capital market.
Technology research and development is endless, subversion and innovation change the world, and no one can predict what changes the scientific and technological revolution will bring to society and industry. As a leader in the internal combustion engine industry and the main force of the new hydrogen energy track, Weichai Power insists on specializing in the main business without distraction, continues to increase investment in research and development, continuously overcomes one scientific and technological problem after another, and continues to lead the transformation and upgrading of the industry. With the steady growth of traditional business and the continuous development of hydrogen energy, Weichai Power will have a very broad space for growth in the future. (Ji Zhe)