XCMG Hosts Fourth International Customers Festival, Highlighting Intelligent and Unmanned Technologies, New Energy and Electric Products
PR96266
XUZHOU, China, May 31, 2022 /PRNewswire=KYODO JBN/ --
XCMG (SHE:000425) has hosted its fourth International Customers Festival (the
"Festival") starting from May 20 online, with 16 online sessions and offline
venues across five continents livestreaming globally and interacting with the
main session set in Xuzhou, China, lasting 10 days to May 30.
Through the lens that overcomes the limitation of time and space, XCMG has
introduced its latest intelligent technology and unmanned control technology to
construction equipment rental companies, developers and contractors for mines
and infrastructures, as well as emphasizing its commitment to green, low-carbon
development of new energy and electric products. At the Festival, XCMG reached
the global strategic partnership with Shell to partner strategically in
promoting high quality development.
"2022 marks the 17th anniversary of OCR and XCMG's cooperation, we've witnessed
how XCMG became a leading brand with wide influence in Thailand. We've invited
veteran staff who's been with the company for 17 years to join the Festival, as
well as highlighted the first XCMG equipment that has been in service for 17
years," said Sirapop Tantitham, GM of O.C.R. Company Limited. "We've
highlighted three product categories as a branch session host in Thailand,
including the electric loaders that created a stir in Thailand's construction
machinery industry, witnessing XCMG's electric products have been reported by
multiple media in Thailand."
Hanson Liu, vice president of XCMG and general manager of XCMG Import & Export,
noted that XCMG's export has maintained high growth rate with the export market
map of 187 countries and regions, in the first quarter, the export of China's
construction machinery industry increased by 48 percent year-on-year, and
XCMG's export has increased by 143 percent year-on-year.
"The export volume of cranes, excavators, loaders and road machinery has taken
lead across the industry with continuous growth of market share, XCMG's overall
export market share has increased by 9 percent year-on-year," said Liu. "We are
seeing changes in export trend as well, with significant growth in the high-end
markets in Europe, North America and Australia. In first quarter, the sales
volume of product exported to Europe has increased by over 100 percent."
"We hosted the XCMG International Customers Festival for the first time in
Germany and presented over 200 products from 35 lines covering four categories,
including excavators, aerial work platforms, road rollers and more, among
which, the small excavators from XCMG is now the most popular Chinese brand in
Europe and a star model of our promotion at the Festival," said Xuan Du, Deputy
GM of XCMG European Sales and Services GmbH.
The annual Festival further consolidates XCMG's international development
strategy. The world's largest countries are introducing stimulus policies for
infrastructure in the post-pandemic period, and the demand for construction
machinery has been high.
In addition, energy transition and transformation have increased the demand for
green energy commodities such as copper, cobalt and lithium, which has
stimulated mining operations worldwide. XCMG, as a leading mining solution
provider capable of offering integrated mining equipment sets, is also
embracing greater market opportunities.
"XCMG will live up to the expectations and fight side by side with our global
partners to push forward our digital, green and international strategies,
contributing to the world with more dynamic, high-quality development and a
globally competitive XCMG," said Wang Min, chairman and CEO of XCMG.
Source: XCMG
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