The pacesetter walked arduously but steadily against all odds and assisted the motherland in overcoming difficulties with his self-reliance, courage, and wisdom.
XCMG has shouldered the mission of leading the rapid development of China's industrial machinery industry.
In 1943, XCMG's predecessor, the Huaxing Iron Factory (The Eighth Route Army Lunan 8th Arsenal), was founded.
In 1957, XCMG successfully completed the trial production of its first tower crane, marking the company's first step into the construction machinery industry.
In 1960, XCMG successfully developed China’s first 10t steam roller
In 1963, XCMG successfully developed China’s first 5t crane truck.
In 1976, XCMG successfully developed China’s first QY16t full-hydraulic crane truck.
In 1982, XCMG successfully developed China’s first CA25 full-hydraulic single-drive single-wheel vibratory roller.
XCMG is a courageous explorer and pioneer of reforms and has become a cornerstone of China's reform and opening up. By sticking to its core values of “Taking Responsibility, Acting Morally, and Achieving Greatness”, XCMG shows its strength and splendor in the international arena.
XCMG was officially founded in 1989 and was the industry’s first corporate group.
That year, XCMG successfully developed China’s first high-grade asphalt paver.
In 1995, XCMG successfully developed a 160t all-terrain crane, which was Asia's largest.
In 1996, XCMG was listed on the Shenzhen Stock Exchange.
In 1999, a new leadership team took over XCMG and implemented the “Seven Special Governance Items” to strengthen discipline and curb waste, which heralded a new chapter in XCMG's development.
In 2000, XCMG deepened reforms in the areas of employment, personnel, and wages and pushed ahead with a series of reform measures, including a debt-to-equity swap, refocus on primary business, and structural optimization.
XCMG pressed ahead with the “Chairman's No. 1 Program,” and successfully developed the ZL50G, an iconic third-generation Chinese loader.
In 2002, XCMG successfully developed the first Chinese developed all-terrain crane, the QAY25.
In 2003, XCMG became the leading Chinese construction machinery company with operating revenue and sales revenue both in excess of RMB 10 billion.
In 2006, the foundations were laid for XCMG's Chongqing Construction Machinery Base, marking a crucial step in achieving XCMG's strategic domestic and overseas layout.
In 2009, XCMG listed on the stock exchange, which helped it out of the strategic difficulties it had faced over the previous four years due to a restructuring as a result of cooperation with Carlyle Group.
In 2011, XCMG‘s ET110 walking mountain excavator received second prize in the National Award for Progress in Science and Technology.
XCMG launched the “Hanfeng Program” reform campaign in order to establish a control model for strategic operations management as well as a five-sector platform.
That year, XCMG was named one of the top five construction machinery manufacturers in the world.
In 2012, XCMG successfully developed the world's largest tonnage all-terrain crane, the XCA5000, which featured the most advanced technical components.
In addition, the largest mining dump truck in the world, the DE400, successfully rolled off the production line at XCMG.
XCMG ranked top in the world mobile crane industry.
XCMG purchased German company Schwing, a leader in the global concrete machinery industry.
XCMG simultaneously opened four large industrial bases were put into running simultaneously and became an international leader in advanced lean manufacturing capabilities.
Jiangsu Xuzhou Construction Machinery Research Institute was founded with total investment of RMB 1 billion so XCMG could gradually build a global R&D system.
XCMG became the first company in the industry to achieve operating revenue of over RMB 100 billion.
In 2013, XCMG’s independently developed 4,000t crawler crane, reputed as “The World No.1 Crane,” successfully completed its first lifting operation.
The XCMG Europe Research Center was founded in Dusseldorf, Germany, bringing together high-end technical talent from all over the world.
In 2014, the XCMG Brazil Production Base, the company's first overseas wholly-funded production base, was completed and put into operation.