Lates News

Zhejiang Securities recently pointed out in a research report that XCMG Group has signed a strategic cooperation agreement with Fortescue River Group of Australia for green mining equipment solutions. This order is the largest export order for green mining equipment in China. XCMG will provide 150-200 units of 240-ton pure electric mining trucks for Fortescue River Group between 2028 and 2030. The company's mining equipment portfolio is becoming increasingly comprehensive, and it continues to deepen cooperation with major overseas mining customers such as BHP, Rio Tinto, Vale, and Australia FMG. It has been ranked in the top five global open-pit mining equipment manufacturers for six consecutive years (4th in 2024), aiming for the top three in the world. In addition, the company plans to launch one of the largest incentive programs in the machinery industry, demonstrating its confidence in development. The rating remains "buy".