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Daniel Ren

XCMG Group, mainland China’s largest construction machinery maker, aims to achieve annual overseas sales of 100 billion yuan (US$14.7 billion), luring more international clients by turning its excavators, cranes and specialised vehicles greener and more automated.
Yang Dongsheng, chairman of the state-owned machinery giant, told reporters in a media briefing last week that the target would be achieved in line with the company’s ambition of building itself into a top-class machinery producer worldwide.
“Today, XCMG is no longer just a Chinese manufacturing brand,” he said. “As a rising global player, it is an important growth driver and value creator in the global construction machinery industry. No matter which business unit customers walk into, they will see the latest hi-tech, tailor-made solutions.”
The chairman did not elaborate on when the company expected to reach the overseas sales target.
XCMG recorded revenue of 102 billion yuan in 2024 and was now the world’s third-largest construction machinery manufacturer, trailing US-based Caterpillar and Komatsu of Japan, Yang said.
The company said 48 per cent of its sales last year came from more than 100 markets outside mainland China.
“In terms of capabilities in intelligent manufacturing, green technology, product integration and digital services, we are demonstrating better-quality equipment, higher-efficiency management and fine-tuned processes,” Yang said, adding that XCMG was evolving from a pure manufacturer into a comprehensive solution provider to cater to global clients’ demands.
He made the remarks as XCMG held its eighth international customer festival in Xuzhou, in eastern China’s Jiangsu province.
Chinese manufacturing companies, from electric vehicle (EV) makers to electronic gadgets producers, have revved up their global expansion pace over the past two years, propelled by technological and cost advantages.
Most of them have strengthened technological innovation in the past decade by better using digital technologies and, more recently, artificial intelligence.

XCMG now offers a complete fleet of autonomous trucks and other machinery for mining fields, all of them fitted with 5G technology for real-time data transmission. The technologies could reduce labour costs, enhance operating efficiency and lower carbon emissions, according to the company.
Soochow Securities said in a research report in February that by 2030, Chinese-made construction machinery could account for 60 per cent of the market in Southeast Asia and Africa, as well as a third of the South American market.
The country’s construction machinery makers were among the top beneficiaries of Beijing’s 4 trillion yuan stimulus package launched at the end of 2008 to spur infrastructure construction.
Now XCMG and other machinery makers are enlisting technologies from the EV industry to turn their products autonomous. Chinese EV makers and self-driving start-ups are at the vanguard in autonomous driving technology, buoyed by government support and an appetite for innovation by consumers.
XCMG has invested in ZYT, a leading autonomous driving technology start-up in Shenzhen, in southern China’s Guangdong province.
ZYT is edging closer to mass production of semi-autonomous trucks that can improve fuel efficiency and save logistics costs.
Its vice-president Yu Beibei said last month that ZYT had formed partnerships with the mainland’s top six heavy-truck makers to produce models fitted with its autopilot systems, with the first deliveries expected as early as the second half of 2026.


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State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas


State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas.


China’s machinery giant XCMG eyes bigger scoop of global sales with green, autonomous tech

.css-1c6uqr6{color:inherit;font-weight:inherit;font-size:inherit;font-family:inherit;line-height:inherit;overflow-wrap:break-word;}State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas

State-owned firm banks on intelligent manufacturing, green technology, product integration and digital services to boost sales overseas