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

Source: scmp.com scmp.com
News Snapshot:

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…

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