At 10:00 am local time on November 11th, Shantui Europe R&D Center was officially unveiled and established in Germany. Jin Zhao, Vice General Manager of Weichai Group, and Huang Yajun, Vice General Manager of Shantui Co., Ltd., attended the unveiling ceremony and delivered speeches. More than 30 officials from Shantui Engineering Machinery Research Institute, Boduan International Engine Co., Ltd., Weichai European Operations Center, Linde Hydraulic, Weichai Power European Innovation Center, Shantui Belgium subsidiary, and European distributors attended.

The European and North American markets are high-end core markets that Shantui is inclined towards and focuses on. Its technological foundation is profound, the industry maturity is high, and the entry threshold is strict. Local customers have higher requirements for driving comfort, intelligence level, and fine appearance quality on the basis of valuing product power performance, fuel economy, and durability reliability.

The establishment of Shantui Europe R&D Center is an important measure for Shantui to deepen its internationalization strategy, accelerate its high-end transformation, and enhance its global market competitiveness. It is also an important step for Shantui to actively integrate into the European high-end construction machinery industry ecology and promote the internationalization layout of its R&D system. The R&D center will fully leverage its location advantages and group industry synergy advantages, adhere to market demand orientation and technological innovation as the driving force, continuously improve its ability to define high-end products, conduct technological research and development, and respond to global customer demands, accelerate the transformation of R&D achievements into product competitive advantages, and inject new impetus into Shantui's breakthrough in the high-end markets of Europe and North America, and create a globally competitive engineering machinery brand.

After the unveiling ceremony, the attendees held a special symposium. We have had sufficient communication on the strategic planning of the European R&D center, the development trends of the European market, customer needs, product performance improvement, and subsequent market expansion, which has clarified the direction for subsequent product R&D and market work.