XCMG Achieves Major Milestone with CNY 10 Billion Contracts at bauma China 2024

XCMG's Enormous Success at bauma China 2024

XCMG Machinery, a leading player in the construction machinery sector, has made headlines by securing contracts surpassing CNY 10 billion at the premier bauma China 2024 event. This achievement emphasizes XCMG's unwavering dedication to sustainable development and intelligent industrial solutions.

Key Highlights from the Contracts

Among the most notable contracts is a historic CNY 3 billion agreement with the Fortescue Group, a major iron ore producer based in Western Australia. This agreement entails the delivery of over 100 zero-emission heavy mobile units by 2030. The lineup includes electric wheel loaders, bulldozers, and graders, aligning with Fortescue's ambitious goal of achieving zero emissions within their operations by the same year. The initial phase of this groundbreaking equipment is expected to commence service by 2026, drastically reducing reliance on fossil fuels over its lifespan.

Moreover, XCMG has partnered with Tsingshan Holding Group to set up a new energy equipment manufacturing facility in Indonesia. This plant, marking XCMG's first significant venture in Southeast Asia, specializes in new energy equipment, further broadening the company’s operational footprint.

In addition, XCMG confirmed the bulk delivery of a diverse selection of cranes and other equipment to China, with individual contracts valuing over CNY 200 million. This includes the XCA4000, acclaimed as the world's largest all-terrain crane, as well as the versatile XCA2000 dedicated to wind power projects and innovative crawler cranes like the XLC18000M and XLC17000 designed for wind turbine installation.

XCMG's Commitment to Innovation

XCMG continues to assert its dominance in sustainable construction and mining solutions. At bauma China, the company showcased over 40 electric and hybrid machines, representing 42% of their showcased construction machinery, including excavators, cranes, and road equipment. Noteworthy global introductions included the XC9108EV, the world’s largest pure electric loader, and the GR350EP, the first electric mining grader.

XCMG also made a mark by featuring equipment from the blockbuster film The Wandering Earth II, captivating visitors with live demonstrations of advanced machinery like the ET120 walking excavator, showcasing complex maneuvers and engineering prowess.

Historical Significance

With an impressive 81-year legacy, XCMG has solidified its standing in the industry and with the bauma China platform since its inception in 1992. Yang Dongsheng, Chairman of XCMG, highlighted the deep-rooted partnership that has endured challenges and successes, reinforcing the company’s commitment to innovation and global cooperation.

Furthermore, XCMG unveiled its new global service brand, XCMG TrueCare, alongside the Plan WIN initiative aimed at public welfare and environmental stewardship. These initiatives reflect XCMG's philosophy of fostering collaborative success through enhanced products and services while adhering to sustainable practices. In sum, XCMG continues to lead the charge in the construction machinery sector, combining sustainability with innovation to shape the future of the industry.