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Heavy trucks are a technology-intensive industry. XCMG has invested heavily in new product development through its deep accumulation in the field of construction machinery. It overcomes the disadvantages of the original Chunlan plant with few models and single products, and continues to break through in product upgrades. 2008 XCMG Automotive Successfully upgraded the original "Rui J Series" models and launched the "Nine Dragon K Series" model in 2009.
While developing new products, XCMG speeds up its industrial layout. Invested 400 million yuan for the production and transformation of cranes, excavators, and heavy trucks. At the same time, it invested 1.5 billion yuan to build a special-purpose vehicle production project in Nanjing Banqiao Industrial Park. By 2015, it will have an annual production scale of 50,000 units. In addition, the heavy-duty truck project with investment of 10 billion yuan has also been formally signed in Xuzhou High-tech Industrial Development Zone. The project has a total investment of 11.9 billion yuan, covers an area of ​​3,292 acres, and a building area of ​​1.2 million square meters. The project will be implemented in two phases. The first phase will invest 4.1 billion yuan, occupy an area of ​​2,000 acres, and have a construction area of ​​800,000 square meters. The second phase will invest 7.8 billion yuan, cover an area of ​​1,292 acres, and a building area of ​​400,000 square meters. After the project is completed and put into production, it can annually produce 100,000 vehicles, 300,000 axles, 100,000 gearboxes and 50,000 high-power engines. By then, Xugong Automobile will form an auto industry group with an annual output of 150,000 vehicles and billions of parts. It lays a solid foundation for the dream of the XCMG "Big Car".
XCMG’s car strategy is steadily moving forward with new models
At present, Xugong Group announces in Xuning: In 2011 XCMG will soon launch the new "Nine Dragon T Series" models. The introduction of new models for three consecutive years is unique among heavy truck manufacturers.
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