XCMG Group Co., Ltd. (short for Xuzhou Construction Machinery Group) originated from Huaxing Ironworks established in 1943. It was founded as China's first industry-leading group company in 1989. XCMG is the pioneer, founder, and leader of China's construction machinery industry, as well as a globally competitive, influential, and reputable top-tier enterprise with a value of over 100 billion yuan and a world-leading brand.
Since its establishment, the company's main indicators have consistently ranked first in China's construction machinery industry. Currently, it ranks third globally in the construction machinery sector, being the only Chinese enterprise to maintain a position among the world's top four for seven consecutive years. It has also continuously entered the Fortune China 500 and the Forbes Top 30 Global Outbound Enterprises.
In recent years, XCMG has successfully completed the mixed-ownership reform and overall listing of its construction machinery sector (listed company \"XCMG Machinery\" with stock code: 000425) and officially signed the mixed-ownership reform agreement for its commercial vehicle sector.
From the late 1950s, when it began entering the construction machinery field and contributed China's earliest batch of construction machinery products to the new China, to now building an XCMG-characteristic modern industrial system of \"5+1+1\", which includes construction machinery, mining machinery, agricultural machinery, core components, rescue and support machinery, commercial vehicles, and modern services. Among these, three categories rank first globally, sixteen types of host machines maintain the top position domestically, and new energy heavy trucks maintain the top sales position in the industry.
