Weichai Power Hande Axle (Zhuzhou) Drive Component Intelligent Manufacturing Base Project Launching Ceremony

Zhu Tengfei, Secretary of the CPC Zhuzhou Municipal Committee and Chairman of the Standing Committee of the Municipal People’s Congress; Xu Hong, Party Secretary of the Weichai Group, Deputy General Manager of the Weichai Group; He Jianbo, Member of the Standing Committee of the Zhuzhou Municipal Committee of the CPC, and Deputy Mayor of the Zhuzhou Municipal Committee; Mao Zhaohui, Member of the Standing Committee of the CPC Zhuzhou Municipal Committee and Secretary of the Municipal Party Committee; Secretary of the Party Committee and General Manager of D&C Co., Ltd., Wang Zhanchao, Chairman of Hande Axle (Zhuzhou) Gear Co., Ltd., He Zhaohui, Deputy Mayor of Zhuzhou Municipal People's Government, Yu Minggang, Vice Chairman of Zhuzhou Municipal CPPCC, and Vice Chairman of Shaanxi Hande Axle Co., Ltd. General Manager Wang Lin, Zhu Lingyun, Secretary of the Zhuzhou District Committee of Zhuzhou City, Guo Yuwei, Secretary of Party Committee and General Manager of Handebridge (Zhuzhou) Gear Co., Ltd., as well as friends from the media industry, Hande Group, and Hande Gear Leadership Team More than 300 employees from Hande Gear's employees attended the groundbreaking ceremony. The ceremony was hosted by Vice Mayor He Chaohui.

Wang Zhanchao’s general manager first reviewed the development of Hande’s company and the great changes since the establishment of Handebridge (Zhuzhou) Gear Co., Ltd. He said that Hande owns three bases in Xi'an, Baoji, and Zhuzhou, with an annual output of more than 600,000 axles and sales of over 7.5 billion yuan. The product variety covers more than 100 varieties of four product platforms, including truck axles, construction axles, passenger bridges and electric axles, and is a leading company in the Chinese axle industry.

Based on the ambitious target set by Chairman Tan Xuguang to 2030, with an income of over 100 billion U.S. dollars, entering the top of the world's top 500 companies, and the requirements of the Group's strategic deployment, Hande has formulated a more long-term Hande 2035 strategic plan in three phases. To realize the strategic mission of Hande in the new era, that is, to achieve the development goals of 10 billion yuan, 15 billion yuan, and 20 billion yuan respectively in 3 years, 5 years and 10 years, and create a global brand of “Hender”.

According to Wang Zhanchao, the project is located in the Jinshan Science and Technology Industrial Park in Hetang District, Zhuzhou City. The total land area is approximately 400 mu. The new plant is planned to invest 2.6 billion yuan. The main business includes bridge gears, drive axle assembly, and pure electric gears. After the completion of the new base, Hande Axle (Zhuzhou) Gear Co., Ltd. will have an annual sales income of more than 3 billion yuan and a total profit and tax of more than 500 million yuan. It will create a gear manufacturing and axle assembly that integrates research and development, intelligent manufacturing, and highly integrated information. The assembly is a digital modernized large-scale enterprise.

He Jianbo, member of the Standing Committee of the CPC Zhuzhou Municipal Committee and executive deputy mayor, also attached great importance to this project. He stated that the Weichai Power Hande Axle (Zhuzhou) transmission component intelligent manufacturing base project is a “5-100” key industrial project in Hunan Province and is also the city’s The first digitized base for collaborative R&D, intelligent manufacturing, and highly integrated information for axle and gear manufacturing. After the project is put into operation, it will boost the Hande Vehicle Axle to achieve the grandiose "towards high-end challenge to the world" and inject new strong impetus to the construction of the "Zhuzhou China Power Valley."

Zhuzhou City Leader, Weichai Group Representative and Shaanxi Hande Axle Leader attended the opening ceremony of Weichai Power Hande Axle (Zhuzhou) Intelligent Transmission Component Manufacturing Base Project

Xu Hong, secretary of the party committee and executive deputy general manager of Weichai Group, highly affirmed the achievements of the Hande company since its establishment in 2003 and has achieved great results. With the joint efforts of all cadres and staff, the company firmly grasps the opportunities for each development change. Through market-oriented operation, it has fully released its vitality and embarked on the road of rapid development, becoming a model for WeiChai ownership companies. In 2016, Hande Axle (Zhuzhou) Gear Co., Ltd. was established. After two years of operation, the operating water steadily increased, effectively improving Hande's gear-bridge system capability. In the next step of development, Hande Axle will unswervingly implement innovation-driven innovation, and will regard innovation as the core strategy for enterprise development and the overall leader in transformation and upgrading, and in accordance with Weichai's strategic plan for 2020-2030, it will fully advance to the high-end and challenge the global First, we must unswervingly implement the internationalization strategy, accelerate the expansion of international market operations, comprehensively upgrade the level and level of foreign cooperation, and constantly consolidate and enhance the advantages of the international market; we must unswervingly implement the new energy strategy, set the best resources, the strongest Strength, firmly grasp the development opportunities of the new energy automotive industry, accelerate the promotion of project construction, promote industrial upgrading, and shape new energy vehicles and axles to continue to lead the way and achieve new business breakthroughs.

Hande Axle will always adhere to the corporate mission of providing more reliable and efficient axle products for global customers and creating a better life for employees. During the third venture of the company, Hande Axle will comply with the new requirements of the times and will Hande Axle (Zhuzhou) Gear Co., Ltd. has become a leading domestic and world-class modern manufacturing company and has made outstanding contributions to realizing the dream of building a strong country in the new era.

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