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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   Caption: XCMG Hosts Fourth International Customers Festival, Highlighting Intelligent

and Unmanned Technologies, New Energy and Electric Products.