XCMG Construction Machinery Co Ltd (XCMG), a subsidiary of Xuzhou Construction Machinery Group Co Ltd, is a manufacturer of construction machinery and related equipment. The company is principally engaged in the research and development, manufacture, sales, and service of earthmoving machinery, lifting machinery, piling machinery, concrete machinery, road machinery, aerial work machinery, mining machinery, sanitation machinery, agricultural machinery, emergency rescue equipment, other engineering machinery products, and spare parts. The company provides pre-sales and after-sales support services, including technical support, maintenance services, spare parts supply, equipment servicing, and financing-related solutions. Its products are used across infrastructure construction, building construction, mining, transportation, municipal services, emergency rescue, energy, and resource extraction applications.

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XCMG places technology innovation at the center of its development strategy and continues to invest heavily in research and development across intelligent, electrified, and high-end construction equipment. As of December 2025, the company operated 46 provincial- or national-level R&D platforms, including a National Enterprise Technology Center, the National Key Laboratory for Intelligent Manufacturing of High-End Construction Machinery, the National Manufacturing Innovation Center for High-End Construction Machinery, the National Technology Innovation Center for Mine Safety, and a National Industrial Design Center. In FY2025, XCMG had 12,423 valid authorized patents, including 4,913 invention patents and 434 overseas patents, and has published 5 international standards and more than 390 national and industry standards. In FY2025, XCMG had developments in new energy, intelligent machinery, and major equipment innovation. In electrification, the company introduced proprietary technologies such as a mining-specific ultra-high-capacity thermal management system, power batteries, loader CTV battery systems, and high-voltage electric drive systems, while becoming the first construction machinery company in China to obtain ASPICE certification for software development. In intelligent equipment, XCMG advanced AI-enabled loaders and excavators, developed company-wide AI platforms, and expanded autonomous construction and mining solutions. The company has the industry's first 100-ton dual-direction unmanned mining truck, the first megawatt-class hybrid airport fire truck, the world's largest tower crane, the world's first 1,800-ton eight-axle all-terrain crane, an industry-leading high-reach electric boom lift, a large electric single-drum road roller, upgraded 4,000-ton all-terrain crane technology, and new emergency response vehicles. In FY2025, the company spent CNY5,925.3 million on R&D, which as a percentage of revenue stood at 5.9%.