WEICY - WEICY STOCK NEWS

Shandong Heavy Industry - Weichai Power hosted its 3rd Global Partner Conference and the Southeast Asia New Product Exhibition in Jakarta, Indonesia, focusing on maximizing value for customers. The event aimed to explore new avenues for international collaboration, set up a new regional framework for mutual benefits, and identify opportunities for further development. The chairman outlined commitments to customers, emphasizing maximizing product lifecycle value, ensuring highest product uptime, delivering unmatched customer service, and enhancing products with the latest advancements in technology, safety features, comfort, and environmental sustainability. Shandong Heavy Industry Group, a key player in the global industrial equipment sector, operates across six key segments and has established technology innovation centers in more than 10 countries worldwide. The company has increased its investment in the Southeast Asian market, achieving notable milestones with engine sales surpassing 100,000 units and heavy truck exports exceeding 110,000 units in nearly five years. The New Product Exhibition showcased the company's flagship products and latest technologies, highlighting its commitment to forging strong partnerships, engaging with local markets, exploring new opportunities, and amplifying its line-up of brands on the international stage.

China Weichai and Germany Bosch Group signed a strategic cooperation agreement on future technological innovation. The collaboration will focus on new energy, high thermal efficiency diesel engine, and intelligent transport. Weichai and Bosch aim to synergize their global R&D resources and contribute to the development of the global industry.

XL Fleet Corp. (NYSE: XL) has appointed John Miller to its Board of Directors to enhance strategic guidance amidst rising decarbonization needs. Miller brings over 40 years of experience in transportation and manufacturing, including his tenure as CEO at Power Solutions International (OTC: PSIX). He aims to leverage his expertise to help XL Fleet support customers’ sustainability goals. The Board welcomes his operational and financial insight, especially during this transformative phase for the company.