Aradex AG

Weichai Power signed agreements to acquire an 80% stake in Germany's ARADEX and a planned 51% stake in Austria's VDS, making it the controlling shareholder of both companies to improve new energy powertrain technology.

Weichai Power Co., Ltd. announced its strategic acquisition of Aradex AG, a German company specializing in R&D of motors, electric control, and power supply for industrial and transportation sectors. This investment aims to strengthen Weichai's new energy power systems capabilities, following previous investments in Ballard Power and Ceres Power.