As a globally leading provider of construction machinery and sustainable development solutions, XCMG now exports to 191 countries and regions, with a market share increase of 2.42 percent. XCMG is seeing continued success in 2023, as the first quarter reported a revenue of
XCMG is pivoting through an economic downturn that is affecting the industry by prioritizing technological innovation and internationalization to grow with resiliency. In 2022, XCMG invested
The construction machinery industry is at the turning point of its intelligent and sustainable transition and transformation. According to Counterpoint, one in three construction machines sold in 2022 had embedded connectivity, and the market sector is expected to see an annual growth rate of 11 percent over the next eight years. XCMG was one of the top five players that together captured 60 percent of connected construction machine shipments in 2022.
Promoting new industrialization as the foundation of digital transformation, XCMG has focused on building the digital and intelligent infrastructures for product development as well as services.
At the 2nd Hurun China Metaverse Summit held on
"XCMG is committed to providing advanced, sustainable solutions for our global customers, leveraging our leading advantages of innovative technology R&D, a comprehensive supply chain, and a global operation network, as well as intelligent manufacturing capabilities, to create greater value for our global customers," said Yang Dongsheng, CEO and Chairman of XCMG.
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