XCMG Machinery

XCMG Machinery's port machinery high-end intelligent industrial development project new manufacturing base in Xuzhou, China, is fully put into operation, with an annual capacity of 2,000 sets of port machinery and an annual output value of 3.6 billion yuan.

XCMG Machinery merged with its controlling shareholder XCMG Co. Ltd. in a 38.686 billion yuan ($5.7 billion) transaction, injecting assets including excavation, concrete, and mining machinery into the listed company.

XCMG Machinery signed a Memorandum of Understanding with Vale for the potential supply of mining and infrastructure equipment, including zero-emission and autonomous equipment. Vale will test two 72-ton battery truck units in the first half of 2022.