What is the relationship between Shantui and Xugong?

Shantui has a cooperative relationship with Xugong. Shantui namely Shantui Construction Machinery Co., Ltd., established in June 1980, is headquartered in Jining, Shandong. Xugong is Xuzhou Construction Machinery Group Co., Ltd., headquartered in Xuzhou City, Jiangsu Province. Four-wheel belt accounts for nearly 40% of the cost system of an excavator. Shantui takes four-wheel belt as its core product and has deep strategic cooperation with Xugong.