On February 25, XCMG Auto held a strategic investment signing ceremony in Xuzhou. With the support of 30 strategic investors, XCMG Auto completed its equity diversification reform and the signing of strategic investors, raising 6.444 billion RMB in financing, setting the largest commercial vehicle financing deal in the past five years.
During the signing ceremony, numerous external investors, including central state-owned enterprises, national-level large funds, provincial and municipal local state-owned enterprises, market-based funds, and industry chain partners, signed agreements on-site, jointly empowering XCMG Auto to deepen state-owned enterprise reforms.
As a "Science and Technology Reform Enterprise" in Jiangsu Province, XCMG Auto's introduction of strategic investors is an important move and key step in deepening its state-owned enterprise reform. It is expected to help improve the company’s governance structure and establish a more market-oriented, law-based, and standardized modern enterprise system.
It is noteworthy that among the investors involved in this round of financing, there are both industry-based shareholders, who can fully leverage strategic synergies and connect upstream and downstream industry chains, as well as financial investors such as central state-owned enterprises and national-level large funds, who can promote the continuous improvement of the company’s lean management from a capital perspective. This will help XCMG Auto achieve higher quality development through more scientific operational capabilities, demonstrating the strong confidence of the capital market in XCMG's reform and development.
In recent years, XCMG Group, as a world-class advanced manufacturing cluster focused on the “1650” modern industrial system in Jiangsu Province and the leading enterprise of the "343" innovation industrial cluster in Xuzhou, has always focused on its main responsibilities and core business. It has continuously deepened reform actions and successfully promoted the mixed-ownership reform and overall restructuring of XCMG Machinery for a public listing. Based on this, the group has vigorously promoted comprehensive reform in XCMG Auto, embarking on a new journey of high-quality, connotative development, becoming a benchmark for state-owned enterprise reform.
“XCMG Auto will leverage the strategic funds introduced this time to further intensify technological and product innovation, achieve more industry-leading breakthroughs in key core technologies, set benchmarks in commercial vehicle performance, and continue to lead the transformation and development of new energy heavy trucks,” said Yang Dongsheng, Party Secretary and Chairman of XCMG Group and XCMG Machinery.
Yang Dongsheng stated that XCMG Group will deepen the implementation of XCMG Auto’s reform, continuously improve corporate governance, strengthen technological innovation, innovate business models, accelerate global expansion, deepen digital transformation, and strengthen the construction of the Party. The group will focus on building a new development pattern of "strategic synergy, industrial integration, and value sharing," and fully build a more dynamic, resilient, and internationally competitive Chinese commercial vehicle leading brand, continuously providing long-term, predictable, high-quality returns to investors.
On the day of the signing event, XCMG Auto also held the 2025 XCMG New Energy Tractor Mass Delivery and 1,000 Units Signing Event. The high-quality product delivery has received widespread recognition from customers and investors, bringing a positive start to the year’s development.
During the signing ceremony, numerous external investors, including central state-owned enterprises, national-level large funds, provincial and municipal local state-owned enterprises, market-based funds, and industry chain partners, signed agreements on-site, jointly empowering XCMG Auto to deepen state-owned enterprise reforms.
As a "Science and Technology Reform Enterprise" in Jiangsu Province, XCMG Auto's introduction of strategic investors is an important move and key step in deepening its state-owned enterprise reform. It is expected to help improve the company’s governance structure and establish a more market-oriented, law-based, and standardized modern enterprise system.
It is noteworthy that among the investors involved in this round of financing, there are both industry-based shareholders, who can fully leverage strategic synergies and connect upstream and downstream industry chains, as well as financial investors such as central state-owned enterprises and national-level large funds, who can promote the continuous improvement of the company’s lean management from a capital perspective. This will help XCMG Auto achieve higher quality development through more scientific operational capabilities, demonstrating the strong confidence of the capital market in XCMG's reform and development.
In recent years, XCMG Group, as a world-class advanced manufacturing cluster focused on the “1650” modern industrial system in Jiangsu Province and the leading enterprise of the "343" innovation industrial cluster in Xuzhou, has always focused on its main responsibilities and core business. It has continuously deepened reform actions and successfully promoted the mixed-ownership reform and overall restructuring of XCMG Machinery for a public listing. Based on this, the group has vigorously promoted comprehensive reform in XCMG Auto, embarking on a new journey of high-quality, connotative development, becoming a benchmark for state-owned enterprise reform.
“XCMG Auto will leverage the strategic funds introduced this time to further intensify technological and product innovation, achieve more industry-leading breakthroughs in key core technologies, set benchmarks in commercial vehicle performance, and continue to lead the transformation and development of new energy heavy trucks,” said Yang Dongsheng, Party Secretary and Chairman of XCMG Group and XCMG Machinery.
Yang Dongsheng stated that XCMG Group will deepen the implementation of XCMG Auto’s reform, continuously improve corporate governance, strengthen technological innovation, innovate business models, accelerate global expansion, deepen digital transformation, and strengthen the construction of the Party. The group will focus on building a new development pattern of "strategic synergy, industrial integration, and value sharing," and fully build a more dynamic, resilient, and internationally competitive Chinese commercial vehicle leading brand, continuously providing long-term, predictable, high-quality returns to investors.
On the day of the signing event, XCMG Auto also held the 2025 XCMG New Energy Tractor Mass Delivery and 1,000 Units Signing Event. The high-quality product delivery has received widespread recognition from customers and investors, bringing a positive start to the year’s development.
