Over 1,200 global buyers flocked to Xuzhou, home to construction machinery giant XCMG, to snap up cutting-edge Chinese machinery—from colossal 3,000-tonne cranes to electric-powered mining beasts. 🌟 Brazilian firm WTC Equipment dropped nearly $9 million on a mega-crane for wind farm projects, calling Chinese tech 'high-quality and reasonably priced.'
🔍 Why the 'bigger is better' trend? XCMG's Yang Yufeng explains: "Mines are expanding, and large machines boost safety while cutting labor costs. Australia and Brazil can't get enough!" 💡
📈 Post-COVID, the $180B+ construction machinery market is booming—and China dominates with 46% global share. Buyers like Australia' Brooks Group praise "Made in China" as a "badge of quality," while Italy's Zocar notes shifting brand loyalty from traditional players like Caterpillar.
⚡️ Green innovation steals the show: 20% of XCMG's mining gear is now electric, with exports surging 286% in early 2024. "Customers demand low-carbon solutions," says VP Liu Jiansen. Autonomous tech and remote-operated vehicles also wowed buyers, solidifying China's role in sustainable machinery's future.
Reference(s):
Mega World: Chinese construction machinery attracts global buyers
cgtn.com