PR86519

SHANGHAI, Nov. 10, 2020 /PRNewswire=KYODO JBN/ --

XCMG (000425.SZ), a leading Chinese construction machinery manufacturer, has

reached purchasing orders totaling USD 80.8 million at the 3rd China

International Import Expo (CIIE) which opened on November 4 in Shanghai, China.

Upon discussions with overseas suppliers, XCMG has signed purchasing orders for

chassis, hydraulic parts and tires with top international suppliers including

Daimler, Linde, Volvo Trucks and Michelin, in spite of the fast-changing and

volatile global trade situation amid the continued spread of COVID-19 overseas.

The annual CIIE is a platform for XCMG to establish and strengthen strategic

partnerships with top equipment manufacturing companies and research

institutions. XCMG imports high-end core components from 20 countries and

regions including Japan, U.S., South Korea and European countries.

At the previous two CIIE exhibitions, XCMG's purchasing orders reached a total

of USD 118 million, including two purchasing contracts with General Motors

America worth USD 13 million and 22 million in 2018 and 2019 respectively. As

of now, both orders have been overfulfilled and the electric drive system XCMG

purchased from the company has improved the availability ratio of XCMG equipment

products by 10 percent while extending the products' life span by 30 percent.

XCMG is also seeing an increased demand for large scale mining construction

equipment sets as its mining business sector is gaining wide recognition in the

global market for comprehensive mining construction solutions and high-quality

equipment - XCMG's global purchasing strategy is supporting the companies to

achieve greater success.

"CIIE is conductive to promoting and strengthening the trade and economic

exchanges around the world. It has created a platform for open communication

that aids domestic and foreign enterprises expand their business scope and

horizons. XCMG will continue to promote high-quality development of our

industrial sectors by introducing cutting-edge parts and system equipment, and

ceaseless innovation to win the trust of more international customers," said Lu

Chuan, president of XCMG.

About XCMG

XCMG is a multinational heavy machinery manufacturing company with a history of

77 years. It currently ranks fourth in the world's construction machinery industry.

The company exports to more than 187 countries and regions around the world.

For more information, please visit: www.xcmg.com, or XCMG pages on

Facebook(https://www.facebook.com/XCMGGroup),

Twitter(https://twitter.com/XCMGGroup),

YouTube(https://www.youtube.com/user/XCMGgroup),

LinkedIn(http://gg.gg/mzcv0) and

Instagram(https://www.instagram.com/xcmggroup/).

Source: XCMG

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   Caption: XCMG Confirms Purchasing Orders Totaling USD 80.8 Million at CIIE 2020