Weichai Power held the theme celebration of production and sales of 13,000 sets of Lanqing Electronic Control III engine in Beijing on July 9. Weichai Power Chairman Tan Xuguang stated to the China Securities Journal reporter during the event: “The impact of the international financial crisis will have a certain impact on the sales of heavy trucks and engine products in the first half of the year. With the recovery of fixed asset investment, the ratio will be higher in the second half of the year. Better in the first half of the year." The second half will be better than the first half The Weichai Power Festival celebrations coincided with the mid-year supply meeting of Weichai Power. As a long-term customer of Weichai Power, a number of deputy general managers responsible for procurement of heavy truck companies also came to join us. Among them, there are nearly 30 commercial enterprises such as Shaanxi Heavy Duty Truck, Foton Motor, Hongyan Auto, North Mercedes-Benz, Hualing Automotive, Jianghuai Auto, Qingdao FAW, Dongfeng Liuzhou Auto, Chongqing Tiema, Shanghai Huizhong, Nanjing Xugong and Zoomlion. Representatives of car manufacturers, as well as Bosch, Bogwana and other suppliers who have entered the Fortune 500. Many manufacturers’ representatives came with orders, and Wu Yuejun, deputy general manager of Foton Motor, said: “We are optimistic about the commercial vehicle market in the second half of the year. The two days before, Futian and Weichai announced a closer strategic relationship. At present, Foton The ratio of vehicles equipped with Weichai engines has reached 70%." In the first half of the year, the heavy truck industry experienced a sharp decline in year-on-year sales. Xu Caihua, an analyst at Guodu Securities, said that the economic downturn was the main reason for the heavy truck industry's decline in the first half of the year. However, the distortion of the sales structure of heavy trucks in 2008 also caused severe distortion of the 2009 data. Can not reflect the true situation of the industry. The implementation of the China III standard in the second half of 2008 led to a distorted sales structure throughout the year. The first half of the year saw a rapid growth in the first half of the year and a sharp decline in the second half of the year, which drastically increased the year-on-year basis in the first half of 2009, resulting in deterioration of sales figures in the first half of 2009. The year-on-year decline of more than 70% in January, and the rate of decline from February to May are also around 30%. However, similarly, sales of heavy-duty trucks also fell sharply in the second half of 2008, only about half of the first half of the previous quarter, which will also increase the year-on-year data in the second half of 2009. Except for the base of the previous year, Tan Xuguang, chairman of Weichai Power, judged that the situation in the second half of the year was better than that in the first half of the year and was also based on investment reasons. In the second half of the year, the real estate industry recovered further, the scale of investment in fixed assets remained at a high level, the construction machinery industry continued to recover, and the increase in logistics demand will drive the growth of engine orders. Xu Caihua, an analyst of Guodu Securities, further believes that the price of steel, the main raw material of Weichai Power, has fallen sharply in the first half of the year and the company's gross profit margin is expected to further increase. Firmly optimistic about high pressure common rail technology On July 1, last year, since the implementation of the National III Standard in China, what kind of fuel injection system has been used has been a hotly debated industry. Is the use of China's heavy truck-led EGR, or high-pressure common rail technology, the dispute of smoke has not yet completely dispersed. At the beginning of the implementation of the National III Standard, Weichai Power Co., Ltd. took the lead in cooperating with Germany's Bosch Corporation to launch the National III engine of the high-pressure common rail technology. However, Heavy Trucks has since introduced a cheaper EGR Technology III engine, forming a match with Weichai's products. The trend. According to the market price comparison, the high pressure common rail technology engine is 5000-10000 yuan more expensive than the EGR technology engine. However, Weichai Power always believes that high pressure common rail technology is the development direction of advanced emission technologies. To this end, on the 9th, Weichai Power and Bosch signed an agreement in Beijing, and Bosch became one of Weichai Power's largest suppliers. At the same time as signing the agreement with Weichai, there are also the famous auto parts supplier Bogwana. Tan Xuguang particularly emphasized at the signing ceremony: “Winch Clan Lan Engine, which uses high-pressure common rail technology, has an emission reduction of 20% compared with similar products and a 10%-15% reduction in fuel consumption. The engine's high temperature resistance, cold resistance, and exhaust Braking technology, noise reduction technology, etc. have significantly improved compared with similar products." Xu Caihua, an analyst at Guodu Securities, believes that although the price is slightly higher, the market share of high-pressure common rail technology products is still about 50%. In addition, EGR technology has a low threshold. Weichai already has plug-in EGR technology products in April of this year, which will cause certain pressure on the cost advantage of heavy-duty trucks.