China’s Machinery Giant XCMG Eyes Bigger Scoop of Global Sales with Green, Autonomous Tech As the world's largest construction machinery makers consolidate their grip on global markets, a Chinese giant is taking a bold bet on its way up: turning itself into a sustainable superstar.
State owned XCMG Group, mainland China's biggest player in the sector, aims to boost overseas sales to 100 billion yuan annually by banking on intelligent manufacturing, green technology, and digital services.
XCMG Chairman Yang Dongsheng has made it clear that his company is no longer content with being just another Chinese brand. "We want to be the best," he declared in a recent media briefing.