The history of XCMG Group can be traced back to 1943, when its predecessor was Huaxing Iron and Steel Works. In 1989, XCMG Group was formally established. As the founder, pioneer and leader of China’s construction machinery industry, XCMG Group has global competitiveness and influence in the construction machinery industry and is considered to be the leading enterprise in China’s construction machinery industry. The company’s main business scope includes construction machinery, mining machinery, agricultural machinery, sanitation machinery, emergency rescue equipment and commercial vehicles, modern service industry, etc. XCMG Group’s products have been exported to more than 190 countries and regions, covering more than 95% of the countries and regions along the “Belt and Road”.
XCMG Group has always maintained its leading position in China’s construction machinery industry and has been at the forefront of the world’s construction machinery industry for many consecutive years. In 2023, XCMG Group’s international business revenue accounted for 40.09%, an increase of 10 percentage points from the previous year, a year-on-year increase of 33.70%. In addition, XCMG has also made remarkable achievements in technological innovation, with more than 8,500 valid authorized patents. Its products are among the best in the world in the fields of lifting machinery, road machinery, pile-driving machinery, concrete machinery, and aerial work platforms.
The development history of XCMG reflects the self-reliant and unswerving struggle of China’s equipment manufacturing industry, and also shows the process of China’s strength from weak to strong.