XCMG Group and Ligao Technology Establish Joint Venture Company with a Registered Capital of 50 Million
XCMG Group and Ligao Technology have established a joint venture with a registered capital of 50 million RMB. The new company, Xuzhou XCMG Ligao New Energy Technology Co., Ltd., will focus on new energy technology research and development, intelligent control system integration, and automotive parts development. This collaboration aims to expand into the new energy sector, including sales of new energy vehicle accessories. AI
IMPACT This partnership could accelerate the development and adoption of new energy technologies within the industrial and automotive sectors.