# XCMG Group and ZF Friedrichshafen form agricultural machinery joint venture in Xuzhou, China

XCMG Group and ZF Friedrichshafen signed a joint venture agreement on June 2, 2026, to establish ZF (Xuzhou) Machinery Co., Ltd. in Xuzhou, Jiangsu Province, China. The JV will produce advanced powershift transmission systems for agricultural machinery.

- Type: Acquisition
- Announced: 2026-06-02
- Where: Xuzhou, Jiangsu Province, China
- Status: announced
- Products: powershift transmission systems for agricultural machinery
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [ZF Friedrichshafen](https://endata.com/companies/4104.md) (partner)
- [XCMG](https://endata.com/companies/15137.md) (partner)

## Sources

- [prnewswire.com](https://www.prnewswire.com/news-releases/xcmg-group-and-zf-establish-agricultural-machinery-joint-venture-302792452.html), 2026-06-05: "Xuzhou Construction Machinery Group (XCMG Group) and ZF Friedrichshafen AG (ZF) signed a joint venture agreement in Friedrichshafen, Germany on June 2."
- [newswire.ca](https://www.newswire.ca/fr/news-releases/xcmg-group-and-zf-establish-agricultural-machinery-joint-venture-888531660.html), 2026-06-05: "Xuzhou Construction Machinery Group (XCMG Group) and ZF Friedrichshafen AG (ZF) signed a joint venture agreement in Friedrichshafen, Germany on June 2."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.