XCMG Group is well-known in the industry for its excellent R&D capabilities and technological innovation. The group's core R&D institution is the National Technology Center, located in the XCMG Technology Center, which has always maintained a leading position in the industry. Through a series of R&D institutions, such as XCMG Research Institute, Nanjing Research Institute and the Shanghai Research Institute and European Research Institute under construction, XCMG has launched many world-leading products, such as large all-terrain cranes, four-thousand-ton crawler cranes, etc. Cranes and oversized loaders, these achievements broke the market monopoly of foreign companies and had a profound impact on the global construction machinery industry.
XCMG also shows strong strength in patents, with 920 valid authorized patents, 27 of which are invention patents, and many of its products are domestic first-of-its-kind products. Its R&D projects such as "Development and Industrialization of Key Technologies for All Terrain Cranes" and the ET110 Walking Excavator respectively won the second prize of the National Science and Technology Progress Award, demonstrating the group's high level of technological innovation. As the winner of the National Technology Center Achievement Award, XCMG has been awarded the honor of a national technological innovation demonstration enterprise by the National Development and Reform Commission and the Ministry of Science and Technology.
Xuzhou Construction Machinery Group, founded in 1989, has become the leader of China's construction machinery industry after 25 years of development. It currently ranks fifth in the world and 150th among China's top 500 companies. Ranked 55th among the top 500 manufacturing companies, it is the flagship enterprise in this industry with a complete product line, strong competitiveness and far-reaching influence. To sum up, XCMG Group has performed well in both technological innovation and market performance, and is a trustworthy and excellent company.