XCMG has officially inaugurated the XCMG Loading Equipment Research Institute (the "Institute") and commissioned the world's first new energy loader production line in Xuzhou, China. "The Institute will play a vital role in the transformation and upgrade of the industry centered on green, intelligent, high-end, service-oriented, and international development, with the goal of creating a market-oriented technological innovation ecosystem integrating industry, education, and research, propelling original and pioneering positive R&D models, leading the market with technology and quality, and promoting high-quality industry development," said Yang Dongsheng, CEO and chairman of XCMG.

Following the growing trend of sustainable, the sales penetration rate of new energy loaders continues to climb, increasing from 1.8 per cent in February to 5.8 per cent in September in China; and XCMG's current penetration rate has reached 12.1 per cent.

The new energy loader production line is designed especially for new energy models and adapts to rapid product upgrades and iterations, laying a solid foundation for the intelligent manufacturing of new energy equipment products.

In addition to producing emission-free new energy vehicles, the product line also utilizes clean energy throughout the manufacturing process to eliminate industrial emissions. Material distribution and transfer are achieved with motorised equipment, including AGVs and electric forklifts, with high automation levels and low energy consumption. From equipment, transfers, and tools to the products, the entire new energy assembly is fully green without any pollution or near-zero carbon emissions.

The production line reduces Scope I, II, and III emissions significantly each new energy loader has an average working time of 3,000 hours, reducing 32.3 tonnes of carbon emissions and 118.35 tonnes of CO2 emissions annually.

At the moment, there are nearly 1,500 units of XCMG new energy loaders in operation, cutting the annual carbon emissions by 48,400 tons and CO2 emissions by 177,500 tonne. It's estimated that by 2025, the annual sales volume of XCMG electric loaders will reach 5,000 units, thereby cutting the CO2 emissions by 592,000 tons annually.