PR96323

XUZHOU, China, June 3, 2022 /PRNewswire=KYODO JBN/ --

XCMG (SHE:000425) has obtained the first "green license" in China's

construction crane sector in May for its XCT25PHEV hybrid crane, which is the

first "true hybrid" model in the world. It was developed over the course of

five years and underwent another two years of testing and optimization, and the

model has also taken a major step towards scale production.

XCMG Consolidates Sustainable Development with New Energy-Centric Strategies

During World Environment Day 2022.

Adhering to China's "dual carbon" goals, the construction machinery industry is

at the turning point for making the new energy transition and transformation,

especially in the crane sector that produces heavy load, super power and mobile

cranes. XCMG, a leader of the global crane market, has realized 100 percent

domestic R&D and production of cranes under 300 tons, and the group also has

strong industrial base, that one out of every three cranes in the world is

manufactured by XCMG.

The XCT25PHEV made its debut in 2020 at bauma China as the only truck crane

with hybrid technology and can operate with pure electric power, switching

freely among the four modes of hybrid, electric, fuel and plugged in. It's also

the first crane to obtain green license.

On May 29, XCMG has sent off nearly 100 units of new energy trucks to South

America, the model is the world's first pure electric rigid dump truck,

equipped with high energy density lithium iron phosphate battery that provides

the power to reach 525/700kWh, achieving fast charging and discharging, long

cruising range and high level of safety and reliability. It's designed to

efficiently solve the pain points of South American mines including high carbon

emission, short cruising range and low safety factor.

To further advance its sustainable strategy for green, low carbon and

intelligent new infrastructure, XCMG has recently signed a framework agreement

for strategic cooperation with Shudao Investment Group, joining hands to carry

out comprehensive and in-depth cooperation in the fields of new energy

construction machinery development, unmanned construction site management,

intelligent mines and highway construction and maintenance.

XCMG and Shudao will explore and accelerate green and intelligent

manufacturing, focus on industrial transformation and upgrade as well as

cultivating talents to push forward new digital infrastructure development.

Lu Chuan, President of XCMG, noted that in 2021, XCMG carried out 20

electrification projects and designed electric excavators, loaders, forklifts,

aerial work platforms and plug-in products.

"XCMG is vigorously laying out the development for electronic control, battery

and electric drive technologies, with sizable total investment especially going

into the R&D." said Lu. "We're focusing on energy-saving design for electric

drive system, high-efficiency status evaluation for battery pack and more, and

has independently developed 17 serialized electric drive core components in

three categories, and all of them have been industrialized. The goal is to have

25 percent of the revenue from new energy products by 2027 and 35 percent in

2030."

SOURCE XCMG

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   Caption: XCMG Consolidates Sustainable Development with New Energy-Centric Strategies

During World Environment Day 2022.