grid capital logo
under construction — please contact +1 970 452 16 46

Top 5 Diesel Engine Manufacturers

Diesel engines play a vital role in various industries, from power systems and automobiles to engineering machinery and marine transportation. In this article, we will explore the top 5 diesel engine manufacturers that have made a significant impact on the global market. These companies have revolutionized the industry with their innovative technologies and exceptional product offerings. So, let’s dive into the world of diesel engines and discover the leading manufacturers.

1. Weichai

Country: China
Founded: 1946


Weichai stands out as a prominent diesel engine manufacturer with a rich history dating back to 1946. The company operates as a part of a large conglomerate that encompasses various industries such as power systems, the automobile industry, engineering machinery, intelligent logistics, agricultural equipment, and marine transportation equipment. With a strong presence in the market, Weichai has established itself as a leading player, both domestically and globally.

Weichai’s commitment to innovation is evident through its numerous research facilities and collaborative R&D platforms. The company operates national research facilities, including the National Laboratory for Internal Combustion Engine Reliability and the National Research Center for Commercial Vehicle Powertrain Engineering Technology. Moreover, Weichai has set up R&D centers in different locations in China and established technology innovation centers worldwide.

The company’s extensive product range includes power systems, automobile business, engineering machinery, intelligent logistics, agricultural equipment, and marine transportation equipment. With its subsidiaries located across Europe, North America, Asia, and other regions, Weichai exports its products to more than 110 countries. Weichai’s commitment to technological advancements and global expansion has solidified its position as a top diesel engine manufacturer.

2. Caterpillar Inc.

Country: USA
Founded: 1925


Caterpillar Inc. is a global leader in the manufacturing of construction and mining equipment. Alongside its expertise in these sectors, Caterpillar excels in producing diesel and natural gas engines, industrial gas turbines, and diesel-electric locomotives. The company’s diverse product portfolio has propelled its success, making it one of the top diesel engine manufacturers worldwide.

Caterpillar’s commitment to innovation and advanced technologies has positioned it at the forefront of the industry. The company’s diesel engines power a wide range of applications, from heavy-duty machinery to locomotives. With a focus on efficiency, reliability, and environmental sustainability, Caterpillar’s engines have become synonymous with high performance and durability.

In addition to its exceptional product offerings, Caterpillar has a global network of dealers that provide top-quality products and services to customers worldwide. The company’s revenue of $53.8 billion USD in 2019 reflects its strong market presence and customer satisfaction.

3. Cummins

Country: USA
Founded: 1919


Cummins is a renowned global provider of power solutions. With a rich history dating back to 1919, the company has established itself as a leading manufacturer of diesel and natural gas engines, hybrid and electric power platforms, and related technologies. Cummins’ product range includes filtration, post-treatment, turbocharging, fuel systems, control systems, air intake treatment systems, automatic transmissions, power systems, batteries, electric power systems, hydrogen production, and fuel cell products.

With a strong commitment to pioneering power technology, Cummins designs, manufactures, and distributes a wide range of power solutions while providing exceptional customer support. The company’s revenue of $19.8 billion USD in 2020 demonstrates its industry-leading position and continuous growth.

4. Jiefang Automobile (Xichai)

Jiefang Automobile (Xichai) is a significant player in the diesel engine manufacturing industry. Founded in 1843, this Chinese company has a long history as an engine enterprise in China. It joined FAW Group in 1992 and became a subsidiary of FAW Jiefang Automobile Co., Ltd. in 2003.

Jiefang Automobile focuses on four key sectors: intelligent new energy powertrains, modified vehicles and intelligent agricultural machinery, automotive electronics, and intelligent doors and windows, and new energy-saving materials. The company’s products range from intelligent agricultural machinery adapted to plateau conditions to new energy-powered modified vehicles.

With strong independent research and development capabilities, Jiefang Automobile has mastered several key core technologies. It offers a diverse range of engines, with power ranging from 40 to 550 horsepower, making its presence felt in the market of over 4 million engines.

The company’s commitment to innovation and continuous improvement has led to its impressive market position. It has two major engine production bases, an engine remanufacturing base, and a modified vehicle production base. With an annual capacity to produce 470,000 engines, 5,000 modified vehicles, and 2,500 remanufactured engines, Jiefang Automobile ensures a steady supply of high-quality products.

5. Yunnei Power Group

Country: China
Founded: 1956


Yunnei Power Group, formerly known as the Yunnan Internal Combustion Engine Factory, is a well-established Chinese diesel engine manufacturer. Founded in 1956, the company has undergone restructuring and emerged as a key player in the industry.

Yunnei’s core strategy revolves around lean management, value-added throughout the entire value chain system, and continuous improvement in the areas of market, quality, cost, service, and brand. The company’s dedication to these principles has enabled it to thrive in the highly competitive diesel engine market.

With a focus on intelligent new energy powertrains, modified vehicles and intelligent agricultural machinery, automotive electronics, intelligent doors and windows, and new energy-saving materials, Yunnei offers a diverse range of products. These include intelligent agricultural machinery suited for plateau conditions, new energy-saving materials, and new energy-powered modified vehicles.

Yunnei’s commitment to innovation and meeting market demands has propelled its growth. The company continues to invest in research and development, ensuring it remains at the forefront of technological advancements in the diesel engine industry.

In conclusion, these top 5 diesel engine manufacturers, Weichai, Caterpillar Inc., Cummins, Jiefang Automobile (Xichai), and Yunnei Power Group, have made significant contributions to the industry. With their cutting-edge technologies, commitment to innovation, and exceptional product offerings, these companies continue to shape the future of diesel engines and drive progress across various sectors.

Improved annual forecast amid strong quarterly reporting

Lululemon Athletica raised its revenue guidance for the current fiscal year following better-than-expected third fiscal quarter earnings. Revenue jumped 30% year-on-year to $ 1.45 billion, including 28% growth in North America and 40% in other countries. The figure was better than the market forecast of $ 1.4 billion. Like-for-like sales in the last quarter increased by 27% yoy. Lululemon opened 18 new stores last quarter, bringing the number to 552. Adjusted profit for the fiscal quarter ended October 31 rose to $ 1.62 per share from $ 1.16 per share in the comparable period a year earlier. The market was expecting a net profit of $ 1.40 per share.

A new strain of coronavirus infection may become a new risk factor

In the first three days of last week, American indices traded without significant changes. Markets were closed Thursday for Thanksgiving. On Friday, a wave of significant sales swept around the world due to the fact that a new strain of coronavirus infection was discovered in South Africa, which scientists already call the most dangerous in comparison with other Covid analogues. The strain has a large number of mutations, some of which are of concern, according to the WHO. The organization also said that current PCR tests can detect this strain of coronavirus, which is called Omicron. To date, no cases of the new COVID-19 variant have been reported in the United States. American indices closed with a decline last week. Thus, the S&P 500 lost 2.2%, the Nasdaq 100 fell 3.3%, the capitalization of the Russel 2000 index of medium and small capitalization decreased by 4.2%.

Beyond Meat’s quarterly loss grew 2.8 times

In mid-November, US plant-based meat substitute maker Beyond Meat released weak 3Q results. The company’s revenue grew by 12.7% yoy and reached $ 106.4 million versus $ 94.4 million a year earlier, which was below the consensus forecast at $ 109.2 million. The company’s net loss for the quarter ended October 2 was $ 54.816 million, or 87 cents per share, compared with $ 19.285 million, or 31 cents per share, in the comparable period last year. The result was significantly worse than market expectations at minus $ 0.3. The deterioration in financial performance occurred against the backdrop of an increase in the wage bill due to an increase in the number of personnel, an increase in marketing costs and transportation costs. The results of the company greatly disappointed investors, so the shares on the day of the release of the reports fell by almost 16% and continue to decline to the current day. Many global investment houses have downgraded their valuations of the issuer’s stock. We also revised our financial model and downgraded the share price from $ 101 to $ 79.

Target publishes strong quarterly results

Target, which owns the second-largest chain of discount stores in the United States, increased its net profit in the third fiscal quarter by 48% and revenue by 13%. Target’s quarterly revenue rose to $ 25.65 billion from $ 22.63 billion a year earlier. The consensus forecast of analysts for this indicator was $ 24.61 billion. Growth in comparable sales of Target in the last quarter was 12.7% (forecast was 8.2%). Online sales increased by 29%. Net income for the quarter ended October 30 was $ 1.49 billion, up from $ 1.01 billion in the same period last year. Earnings per share increased to $ 3.04 from $ 2.01. Profit excluding one-off factors was $ 3.03 per share, beating the market average forecast of $ 2.82 per share.

Markets continued to storm highs

At the end of last week, the capitalization of the S&P 500 increased by 0.3%, while the Nasdaq 100 rose by 2.3% and ended the week at historic highs. Investors continued to evaluate the companies’ reports for the third quarter, as well as a new portion of statistical data. The number of Americans who applied for unemployment benefits for the first time last week fell by 1,000 to 268,000, according to a report from the US Department of Labor. This is the lowest level since March 2020. A week earlier, the number of requests was 269 thousand, and not 267 thousand, as previously reported. Analysts polled by Bloomberg, on average, expected the number of applications to decrease to 260 thousand from the previously announced level of the previous week.

Adidas increased its net profit by 71% yoy in Q3, but worsened its forecast

Adidas, the world’s second-largest sportswear manufacturer, increased its third-quarter net income by 70.6% despite slowing revenue growth. Adidas’ revenues rose 3.4% to 5.75 billion euros, in line with the market forecast. Excluding changes in exchange rates, it increased by 3%. It should be noted that the pace of revenue growth slowed significantly compared to a 51.5% rise in the second quarter, due in part to a worsening sales situation in China. Excluding changes in currency exchange rates, the company’s revenue in China in the last quarter decreased by 11% (to 1.155 billion euros), in other countries of the Asia-Pacific region – by 9.6% (to 504 million euros). Meanwhile, it grew in North America by 6.6% (to 1.4 billion euros), in EMEA – by 8.1% (to 2.25 billion euros), in Latin America – 53.4% ​​(to 405 million Euro).

Good labor market statistics and the Fed sent the market to new heights

Major market indicators continued to hit their all-time highs last week. The S&P 500 gained 2% over the week and again reached historic levels. On Friday, the index broadly tested the 4,700 mark and closed the trading session close to this value. The capitalization of the Nasdaq 100 increased by 3.2%. On Friday, the indicator tested the historically high level at 16,400 points. The stock market continues to be supported by the corporate reporting season. A two-day Fed meeting took place last week, which ended positively and removed a number of short-term risks. Investors were optimistic about Friday’s October unemployment report.

S&P 500 renewed all-time highs

This week the American indicators showed positive dynamics. Thus, the S&P 500 rose 1.6% over the week and updated its historically high level at around 4,560 points. The market is supported by strong corporate reporting showing that higher commodity prices and labor shortages are not having a significant impact on companies’ bottom line. We believe the broad index maintains upside potential. We project the S&P 500 to reach 4,800 by the end of this year, which is in line with 5% upside potential from current levels.

Roche shareholders agree to buy back their own shares from Novartis

In early November, Novartis announced its agreement to sell 53.3 million shares of Roche to its current shareholders for $ 20.7 billion. At the end of November, Roche shareholders voted to acquire this stake from Novartis. The cancellation of the repurchased shares will take place in January-February 2022. We are currently seeing several positives for Roche in this deal. First, it is beneficial for Roche as the company will pay the market price for these assets, which is permitted by Swiss law. Secondly, the pharmaceutical sector is trading at lower multiples, so Roche has chosen the right moment to close the deal. Third, Roche’s profits should accelerate in the coming years, as economic activity around the world recovers after the pandemic. Fourth, Roche gets more strategic freedom. The company will have to raise borrowed funds to finance the deal. However, taking into account the annual operating cash flow of 15 billion Swiss francs, Roche will be able to fully repay the debt financing within 1-2 years. Thus, the increase in the debt burden will be insignificant and will be temporary in nature.