China’s machinery giant XCMG eyes bigger scoop of global sales with green, autonomous tech

XCMG Group, mainland China’s largest construction machinery maker, aims to achieve annual overseas sales of 100 billion yuan (US$14.7 billion), luring more international clients by turning its excavators, cranes and specialised vehicles greener and more automated. Yang Dongsheng, chairman of the state-owned machinery giant, told reporters in a media briefing last week that the target would be achieved in line with the company’s ambition of building itself into a top-class machinery producer...