XCMG Ranked 3rd Place of the Global Construction Machinery Industry

On June 4, International Construction issued the 2022 Yellow Table — CONSTRUCTION EQUIPMENT SALES FOR THE WORLD’S TOP 50 OEMS. According to the yellow table released by the famous information group KHL, Chinese manufacturer XCMG ranked 3^rd place of the global construction machinery industry in succession!

According to the report of Off-highway Research, the sales of construction machinery of the world's top 50 mainframe manufacturing enterprises reached about 1.2 million units, with a sharp increase of 20.8% and reaching an eye-catching US $232.7 billion. Both the quantity and the volume set the highest record in history. Among them, although the total sales volume of China's construction machinery enterprises  declined, XCMG has bucked the trend and ranked third in the world with an operating income of more than 18.1 billion US dollars.

Under the tide of the global construction machinery boom, XCMG is making steady progress. In 2021, XCMG achieved higher quality development in the whole sector, and its operating revenue again exceeded 100 billion RMB. In addition to the pillar sector, the ten strategic new industries are also ‘blossoming and bearing fruit’ in an all-round way.

‘The operating income has not only reached a new record, but also become more balanced.’ Chairman Min WANG said that XCMG has unswervingly achieved the development goals of high quality, high efficiency, high efficiency and sustainable development. Not only major products such as lifting machinery and excavation machinery have achieved positive growth, shoveling machinery, aerial operation machinery, piling machinery and other engineering machinery have also increased rapidly, and the market share has been continuously improved.

While achieving steady growth in performance, XCMG also maintained a leading edge in the ‘tide of going abroad’ of China's construction machinery enterprises. In 2021, XCMG reaped fruitful results with an export revenue of more than 13billion RMB.

XCMG invested US $99 million in North America, won the Asia Pacific billion RMB crane order, dispatched 200million RMB of large-scale open-pit mining equipment to Africa and 500 excavators to Southeast Asia... XCMG's international performance attracted wide attention in the industry.

‘Internationalization is the main strategy, and it is also the key to XCMG's' Everest Summit’. Min WANG said, ‘In the future, we will further enhance our overseas market share and brand influence.’

Behind XCMG's stable ranking among the top three in the world is its long-term investment and innovation in technology research and development.

Just two days before the release of the list, on June 2, the world's largest tower crane was delivered by XCMG. On March 15, the global rear drive rigid tramcar was released by XCMG and will soon go overseas.

By the end of 2021, XCMG owned 8511 valid authorized patents, including 1965 invention patents and 130 international patents. It has won 5 national science and technology progress awards, 2 Chinese patent gold awards and 1 silver award.