Shandong Weiqiao Pioneering Group

The Shandong Weiqiao Pioneering Group (Chinese: 山东魏桥创业, shawn-tung way-CH'YOW) is a Chinese private company active in the textiles industry; it is also the parent company of the aluminium company China Hongqiao Group.[2][3][4]

Abdoulaye Magassouba, the Ghanaian Minister of Mines and Geology, visiting a Shandong Weiqiao aluminium refinery.
Shandong Weiqiao Pioneering Group
TypePrivate
Industryaluminium, textiles, clothing
Founded1998 (1998)
FoundersZhang Shiping
Headquarters
Binzhou
,
China
Area served
China, Indonesia, Guinea
Key people
Zhang Bo (CEO)
RevenueUS$41.9 billion[1] (2021)
Number of employees
100,395[1] (2021)
Websiteweiqiaocy.com
Shandong Weiqiao Pioneering Group
Traditional Chinese山東魏橋創業有限公司
Simplified Chinese山东魏桥创业有限公司
Literal meaningShandong Weiqiao Pioneering Company Limited

Originating as a towel manufacturer, Weiqiao produces cotton, denim and synthetic fabrics.[5][6] Zhang Shiping was the moving force behind the company's expansion from the 1970s onward.[7]

The holding company Shandong Weiqiao was founded in 1998.[8]

It has aluminium operations in Indonesia and Guinea.[9][10]

In 2021, it was ranked 282nd on the Fortune Global 500.[1]

In April 2023, Shandong Weiqiao Pioneering Group acquired BAW, a Chinese car manufacturer based in Qingdao. [11]

On August 17, 2023, Weiqiao Pioneering Group and ROCK Intelligent signed a strategic cooperation agreement. The agreement includes in-depth cooperation based on the new energy vehicle industry, and will develop lightweight and intelligent new energy vehicles together. After Shandong Weiqiao Pioneering Group took control of BAW's Beijing Automobile Manufacturing Plant, it cooperated with ROCK Intelligent to authorize the use of the Beijing Automobile Manufacturing Factory for the Jishi Automobile brand, a startup of BAW and Jishi 01, the first product of the Jishi brand.[12]


References
  1. "Shandong Weiqiao Pioneering Group | 2021 Global 500". Fortune.
  2. "China's Weiqiao chairman retires, son takes over: media". Reuters. October 8, 2018 – via www.reuters.com.
  3. "Shandong Weiqiao Pioneering Group Archives". Aluminium Insider.
  4. "ABOUT US-Shandong Weiqiao Venture Co., Ltd".
  5. Centre, International Trade (December 31, 2007). Cotton Exporter's Guide. United Nations. ISBN 9789213614907 – via Google Books.
  6. Xu, Yi-Chong (July 29, 2017). Sinews of Power: The Politics of the State Grid Corporation of China. Oxford University Press. ISBN 978-0-19-027952-3 – via Google Books.
  7. Kipnis, Andrew B. (March 29, 2016). From Village to City: Social Transformation in a Chinese County Seat. Univ of California Press. ISBN 9780520289710 – via Google Books.
  8. "Shandong Weiqiao Pioneering Group Co Ltd - Company Profile and News". Bloomberg.com.
  9. Shaoshi, Xu (April 16, 2020). China Inward and Outward Investment Development Report 2016. Routledge. ISBN 9780429513688 – via Google Books.
  10. Shaoshi, Xu (June 14, 2020). BRI and International Cooperation in Industrial Capacity: Industrial Layout Study. Routledge. ISBN 9780429513626 – via Google Books.
  11. "收购鲁冀两大车企，魏桥集团跨入新能源整车生产领域_资讯频道_电动汽车网". news.cnev.cn. Retrieved 2023-04-15.
  12. From the bottom to the past and present of Jishi Automobile. min.news. October 10, 2023.
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