PRESS RELEASE: Xinhua Silk Road: China's Zoomlion shines at Bauma 2022

- Xinhua Silk Road: China's Zoomlion shines at Bauma 2022, with products showcasing its innovation and international mindset.

PRESS RELEASE: Xinhua Silk Road: China's Zoomlion shines at Bauma 2022

- Xinhua Silk Road: China's Zoomlion shines at Bauma 2022, with products showcasing its innovation and international mindset

BEIJING, Nov. 2, 2022 /PRNewswire/ -- Chinese construction machinery manufacturer Zoomlion Heavy Industry Science

At a product launch event held on October 24, Zoomlion launched 10 smart aerial work platform (AWP) products including scissor, straight arm and crank models, which won several customer orders from the Netherlands, Romania, Poland, Iraq, Switzerland and Germany.

Zoomlion's high-end products exhibited at Bauma 2022, more than 50% of which are manufactured locally in Europe, fully demonstrate its strength in internationalized, intelligent, green and advanced technologies and innovation achievements.

Innovation has always been in Zoomlion's genes.

As early as 2013, when China's construction machinery industry entered a slump, Zoomlion adopted a revenue sharing mechanism to encourage R&D personnel to develop innovative and practical technologies. Under the mechanism that has been applied for nearly a decade, currently about 30% of Zoomlion employees are engaged in technology R&D, keeping improving the competitiveness and vitality of Zoomlion's products.

Dedicated to technological innovation, Zoomlion has also led and participated in the formulation and revision of more than 500 national, industry and group standards, as well as 19 international standards.

The company spent 3.865 billion yuan on R&D in 2021, up 15.56% year-on-year. It also launched 9 world-first products, including smart light pump trucks, 5G remote-controlled tower cranes and unmanned harvesters.

Internationalization is also Zoomlion's priority to become a world-class construction machinery manufacturer.

In 2021, Zoomlion started its strategic development of overseas business. The company's overseas revenue for the year soared 51.05% year-on-year, with sales of tower cranes and PTAs reaching a new high, said Wang Yongxiang, vice president in charge of overseas business. of the company.

According to Wang, Zoomlion has established some 30 subsidiaries and 10 production bases around the world, supplying products to 130 countries and regions and employing 2,000 local workers.

Zoomlion will continue to increase investment in its overseas business, Wang noted.

Committed to becoming an industrial leader, it will also focus on a smart industrial city development project bringing together 8 world-leading lighthouse factories.

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