On November 26, the highly anticipated bauma CHINA 2024 — Shanghai International Construction Machinery Exhibition — grandly opened.XCMGIts stunning appearance at bauma CHINA comprehensively showcased the latest achievements of its transformation toward "high-end, intelligent, green, service-oriented, and international" development, while also demonstrating the hard-core strength of China's construction machinery.

At the opening ceremony, a signing ceremony was held for the XCMG Tsingshan Indonesia New Energy Construction Machinery Manufacturing Project. Witnessed by Yang Dongsheng, Chairman of XCMG Group and XCMG Machinery and Secretary of the Party Committee, and Sun Yuanlin, Secretary of the Party Committee and Vice President of Tsingshan Group, the two parties jointly signed the XCMG-Tsingshan joint venture agreement.

On-site photo

Tsingshan Holding Group is one of the world's largest stainless steel producers and nickel-iron resource mining enterprises, and is a Fortune Global 500 company.

Tsingshan Group's main businesses cover nickel ore mining, nickel-iron smelting, stainless steel smelting and production, and bar and wire rod processing, achieving a full industrial chain layout.

In recent years, XCMG and Tsingshan have formed close collaboration and partnership in areas such as nickel ore resource mining, transfer and smelting, power battery supporting facilities, and capital cooperation in the new energy industry.

The XCMG Tsingshan Indonesia New Energy Construction Machinery Manufacturing Project is XCMG's first main machine product factory in Southeast Asia and also the first new energy product factory in Indonesia.

In recent years, Indonesia, leveraging its population advantages and abundant nickel ore resources, has been accelerating the green transformation of its industries and energy, encouraging the development of the new energy industry, and has become a hot destination for Chinese enterprises investing overseas.

On-site photo

The signing of the XCMG Tsingshan Indonesia New Energy Construction Machinery Manufacturing Project is an important step for XCMG in implementing its internationalization main strategy, accelerating overseas industrial layout, and responding to green development. It also means that industrial synergy, complementary advantages, and collaborative overseas expansion with Tsingshan Group have taken an important step forward.

By establishing a close strategic collaboration mechanism, the two parties will jointly build world-leading green and intelligent equipment, support the implementation of the internationalization strategy, and accelerate overseas market expansion.