XCMG Secures Over CNY 10 Billion in Contracts at bauma China 2024

Driving Sustainability, Innovation, and Global Collaboration

SHANGHAI,Dec. 6, 2024/PRNewswire/ -- XCMG Machinery("XCMG", SHE: 000425), the leading Chinese construction machinery manufacturer, announced signing contracts exceedingCNY 10 billionat the recently concludedbaumaChina2024. These agreements span zero-emission and intelligent mining equipment, new energy manufacturing, and high-capacity cranes, underscoring XCMG's commitment to sustainable, intelligent industrial solutions.

Among the standout deals are:

• In a historic deal valued atCNY 3 billion, XCMG signed a green mining equipment contract withFortescue Group, one of the world's largest iron ore producers fromWestern Australia. Under the agreement, XCMG will supply over 100 zero-emission heavy mobile units by 2030, including electric wheel loaders, dozers, and graders, to align with Fortescue's goal of achieving zero emissions across its Australian iron ore operations by 2030. The first batch of equipment is expected to enter service by 2026, reducing millions of liters of fossil fuel consumption over its lifecycle.
• XCMG inked a strategic agreement withTsingshan Holding Groupto establish XCMG-Tsingshan's new energy equipment manufacturing plant inIndonesia. This factory, XCMG's first major production site inSoutheast Asia, marks a milestone for the region as the first facility specializing in new energy equipment.
• XCMG finalized the bulk delivery toChinaof wheel and crawler cranes worth overCNY 200 million, including:
  • XCA4000, the world's largest all-terrain crane.
  • XCA2000, known for its versatility in wind power projects.
  • XLC18000M andXLC17000, innovative crawler cranes for wind turbine installation.

With these agreements, XCMG solidifies its position as a trailblazer in sustainable construction and mining equipment, driving progress in global markets while fostering long-term growth and innovation.

Showcasing 40+ electric and hybrid machines, 42% of its total exhibited excavators, cranes, graders, mining machines, road equipment, and road machines, XCMG reinforced its leadership in clean energy solutions. Notable global debuts included:

• XC9108EV, the world's largest pure electric loader.
• GR350EP, the world's first electric mining grader.
• XCT100G5-1HEV, a 100-ton hybrid crane.
• XE650GK-HEV, a hybrid hydraulic excavator tailored for mining.

At baumaChina, Visitors were captivated by XCMG's display of equipment featured in the blockbuster filmThe Wandering Earth II, including theET120 walking excavator, which performed live demonstrations of complex maneuvers like obstacle navigation and precise positioning. This integration of cinematic innovation and engineering excellence highlighted XCMG's futuristic vision.

"As a leading manufacturer with a proud 81-year history, XCMG has forged a strong partnership with baumaChinasince 1992,"saidYang Dongsheng, Chairman of XCMG Machineryand XCMG Group."Over the years, this global platform has been a testament to our enduring commitment to innovation and collaboration, allowing us to work hand in hand with global partners through both challenges and triumphs, achieving mutual success."

Showcasing its commitment to innovation and collaboration, XCMG introduces theXCMG TrueCareglobal service brand and thePlan WIN-winpublic welfare and environmental initiative at the show, working alongside global partners to drive shared success through improved products and services.

SOURCE XCMG Machinery