Xuzhou Construction Machinery Group Co., Ltd. (XCMG) was officially founded in 1989. Since then, XCMG has stood at the forefront of the Chinese construction machinery industry and developed into one of the domestic industry's largest, most influential, and most competitive enterprise groups with the most complete product varieties and series. XCMG is the 5th largest construction machinery company in the world. It is ranked 119th in the list of China's Top 500 Companies, 44th in the list of China's Top 100 Manufacturing Enterprises, and 2nd in the list of China's Top 100 Machinery Manufacturers. XCMG has integrated technological innovation and development to create a series of products that represent the most advanced technologies in China and around the world. These include a 2,000t all-terrain crane, 4,000t crawler crane, 12t heavy-duty loader (the largest in China), 100m aerial fire truck (the highest in Asia), and fourth-generation intelligent road construction equipment, all of which have been hugely influential in the global construction machinery industry. XCMG currently has 2,156 valid registered patents, including 164 patents of invention, and has developed more than 100 domestically manufactured products. Technological innovation has become XCMG's key to unlocking global markets. As part of its commitment to implementing the “Going Global” strategy, XCMG has established a product sales network that covers more than 170 countries and regions and set up more than 280 XCMG distributors overseas to provide users with comprehensive marketing services. XCMG's annual export value has exceeded US$ 1.6 billion, and it has maintained its place as the industry leader by export value for 26 consecutive years. Today, XCMG enjoys the leading market share in nine types of machinery and three types of basic components. XCMG is also the biggest domestic exporter of five types of machinery and the world leader in terms of sales volume of crane trucks and road rollers.