Join Hands to Promote High-Quality Development of Xuzhou Meichi! Xugong and Cummins Sign Joint Venture Agreement

On March 3rd, XCMG and Cummins jointly announced the signing of a formal joint venture cooperation agreement. According to the agreement, both parties will further deepen strategic collaboration around the joint venture company—Xuzhou Meichi Axle Co., Ltd. (Xuzhou Meichi). Building on the existing cooperation model, they will expand collaboration in complete machine system integration optimization and new energy fields, extending the partnership until 2036.

Representatives attending the signing ceremony included Yang Dongsheng, Chairman and Party Secretary of XCMG Group and XCMG Machinery (000425); Jiang Mingzhong, Vice President of XCMG Machinery; Luo Guangjie, Vice President of XCMG Machinery; Amy Davis, Vice President of Cummins and President of the Parts and Accelera Business Unit; and Chai Yongquan, Vice President of Cummins and General Manager of Cummins China Parts Business Unit.

XCMG and Cummins have a long-standing and solid foundation of cooperation. Over the years, they have developed a multi-level partnership focused on core engineering machinery products and system solutions, covering product support, technological collaboration, and market expansion. Leveraging their respective strengths in complete machine manufacturing and powertrain technology, both sides continuously promote product upgrades and technological innovation, providing strong support for the high-quality and sustainable development of the engineering machinery industry.

Through this joint venture agreement, XCMG will provide systematic empowerment to Xuzhou Meichi as both a shareholder and a key customer, offering strong support in order intake, technological collaboration, resource support, and market channels. Meanwhile, Xuzhou Meichi will fully leverage Cummins’ globally leading technology and resource system, introducing advanced R&D capabilities and manufacturing standards, optimizing production and supply chain systems, and comprehensively improving operational efficiency. This will shorten delivery cycles and provide more competitive, customized solutions for global customers.

About Xuzhou Meichi

As the core vehicle axle entity jointly established by Cummins and XCMG in China’s axle field, Xuzhou Meichi has built a comprehensive product and capability system covering both highway and non-highway scenarios. It remains a leader in the non-highway axle sector and continues to deepen its presence in highway axles, offering diversified and systematic solutions for China’s axle market. It has become a key force in the upgrade of commercial vehicles and engineering machinery industries.