May 11, 2022, Xuzhou, China, On May 8, XCMG Excavator and Wuhan Leaddo Technology formally signed a strategic cooperation agreement at the XCMG Excavation Machinery Intelligent Manufacturing Industry Base to further deepen the development of both parties and achieve mutual benefit and win-win results.

Since 2021, XCMG Excavator and Wuhan Leaddo have formed a good foundation for cooperation. At present, both parties have successfully developed multi-functional railway maintenance and repair equipment, and achieved joint sales of over 100 units with the value of nearly 100 million yuan.

The two parties jointly agreed to strengthen strategic cooperation in domestic railway and port projects, deepen cooperation in railway maintenance equipment, railway freight yard and port material handling equipment procurement and sales, new product development and other fields, give full play to their respective advantages, and jointly promote high-quality development of China’s rail transit maintenance.

Facing the double impact of the epidemic and the international situation, XCMG showed a high-quality development trend with steady progress. It is understood that from January to April this year, XCMG excavators significantly outperformed the general trend of the industry in the global market, and the market share has reached a new level.