XCMG Machinery (SHE: 000425) port machinery high-end intelligent industrial development project new manufacturing base is fully put into operation, is expected to annual production capacity of 2,000 sets of port machinery, products include container reach stackers, forklifts, and other mobile port machinery and gantry cranes, shore bridge and other large port machinery, the annual output value of 3.6 billion yuan (514.68 million U.S. dollars), will comprehensively enhance XCMG in the port machinery field of international market.

"The new base is in operation earlier than expected. It will boost us with our intelligent and green manufacturing aspirations as well as boost our production volume, significantly improve the quality of port machineries. XCMG will make every effort to build an international first-class digital intelligent factory.

Since the planning stage, the project has targeted the strategic goal of "building a digital and intelligent factory," leveraging XCMG's advantages in intelligent manufacturing, deeply engaged in intelligent and green advanced processes and continue to make efforts in the field of intelligent manufacturing. In the beginning of 2021, XCMG Port Machinery high-end intelligent industrial development project officially launched construction as a provincial major industrial project, covering an area of 47.77 acres with a total investment of 1.2 billion yuan (US$171.06 million). Some of the production lines were put into operation the same year.