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Xuzhou XCMG Automobile Manufacturing Co., Ltd. (abbreviated as "XCMG Automobile") is a core pillar industry board of the XCMG Group and a leading manufacturer of new energy heavy-duty trucks in China. The company was founded in 2008 and is headquartered in Xuzhou, Jiangsu. It is the only heavy-duty truck enterprise in Jiangsu Province holding qualifications for both traditional energy and new energy vehicles. As a key part of XCMG Group's strategy to fill a strategic gap, XCMG Automobile is committed to becoming a globally leading commercial vehicle brand. The brand logo integrates square, hexagon, and triangle elements, symbolizing integrity, professionalism and precision, stability and durability, and industry leadership.
In 2008, XCMG Group formally entered the commercial vehicle field through the strategic acquisition of Nanjing Chunlan Automobile Manufacturing Co., Ltd. In 2015, the Xuzhou base, covering 1,382 mu with an investment of nearly 2.5 billion RMB, was put into use, with an annual production capacity of 60,000 heavy-duty trucks and 80,000 cabs. Since then, the company has accelerated technical iteration and market expansion, ranking first in national new energy heavy-duty truck sales for three consecutive years since 2023. In February 2025, XCMG Automobile completed a 6.444 billion RMB strategic mixed-ownership reform, successfully introducing high-quality investors such as China Logistics and the National Green Development Fund. In 2026, plans emerged to accelerate its listing on the Hong Kong stock market, potentially making it the second listed company under the XCMG Group.
XCMG Automobile's product line covers seven platforms: tractor, dump truck, cargo truck, new energy, off-road, concrete mixer, and truck-mounted crane, with power types covering fuel, gas, pure electric, hybrid, and hydrogen fuel. Core product series include the Hanfeng G9, Hanfeng G7, Hanfeng G5, Qilong T3, and Ruilong Z, comprehensively serving scenarios such as highway logistics, construction engineering, municipal sanitation, and mining construction. In the new energy lineup, main models include the XG2 series long-range pure electric dump truck and tractor, as well as the 600 kWh pure electric tractor for port logistics. In addition, off-road wide-body dump trucks are widely used in open-pit mining, hydraulic construction, and other projects, possessing adaptability to complex operating conditions that traditional dump trucks cannot match.
XCMG Automobile has risen rapidly in recent years due to its strong performance in new energy heavy-duty trucks. In 2025, XCMG Automobile sold a total of 35,400 new energy heavy-duty trucks, with a market share of 15.3%, ranking first in the industry. It has ranked first in national new energy heavy-duty truck sales for three consecutive years since 2023. The company's revenue has reached the 10 billion RMB scale, overall sales consistently remain in the top eight of the industry, and growth rates for tractors and dump trucks have led the industry for three consecutive years.
Entering 2026, growth momentum continues: new energy heavy-duty truck sales in the first quarter were 6,578 units, up 61.3% year-on-year, maintaining industry leader status. In core categories such as new energy dump trucks and tractors, XCMG leverages its self-developed VCU vehicle control system and multi-gear energy recovery technology to achieve a 5% improvement in overall vehicle economic efficiency, continuously widening the gap with followers.
XCMG Automobile has developed multiple proprietary core technologies in the new energy three-electric system and intelligentization fields. At the core electronic control level, XCMG independently developed its VCU vehicle control system, featuring multi-dimensional intelligent torque control strategies. Combined with industry-leading motor load frequency variation technology and multi-gear energy recovery technology, it ensures excellent power and energy efficiency performance in heavy-load climbing scenarios, with a 5% improvement in overall vehicle economic efficiency. The three-electric system protection reaches IP68 level, with motors and electronic controls additionally supporting IP6K9K high-pressure washing, enabling the system to handle harsh environments such as high humidity and high salt spray in ports, as well as muddy mining areas. In terms of energy replenishment technology routes, XCMG has reserved multiple options including battery swapping, fast charging, and hydrogen fuel, with battery-swapping dump trucks achieving commercial mass application. In the traditional power field, it optimally selects the Weichai, Fast Gear, and Hande "Golden Powertrain" combination, combined with multi-power conversion functions, achieving economical and reliable full-condition coverage.
XCMG relies on the Group's strong global network to accelerate overseas expansion. Its marketing network covers over 190 countries and regions worldwide, with main export regions including Southeast Asia, Central Asia, Africa, South America, Europe, North America, and Oceania. The company established a production and manufacturing base in Brazil in 2012, building a complete sales and service network in South America. In 2025, XCMG new energy tractors appeared at the Chile exhibition, with the 600 kWh pure electric tractor becoming the focus of the event, showcasing the global competitiveness of "Made in China" in the high-performance heavy-duty truck field. Through precise matching of local regulations and operating conditions, XCMG's products, while complying with local emission standards, offer high performance, high reliability, and high safety, making them a trusted option for overseas customers in the high-end heavy-duty truck segment.
Standing at the intersection of the two major strategies of new energy and internationalization, the blueprint of XCMG Automobile is unfolding. The completion of the 6.444 billion RMB strategic mixed-ownership reform in 2025 has laid a solid capital foundation for the company's IPO listing. Breakthroughs at the capital operation level will help the enterprise embark on a new journey of high-quality development. In the technology field, the company will continue to delve deeply into core three-electric technologies, while simultaneously advancing R&D in forward-looking technologies such as hydrogen fuel cells, jointly breaking through technical barriers with the industry as a whole.
XCMG Automobile is accelerating its transformation from a traditional manufacturing enterprise into a provider of commercial vehicles and new energy solutions. It is committed to creating greater value for global customers with comprehensive integrated technical solutions and green transportation product combinations, steadily moving toward its goal of becoming a globally leading new energy commercial vehicle manufacturer.
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