XCMG European Research Center listed on China’s Top 100 Global Best Practices for Technology Transfer

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Published: Oct 4, 2021 10:00 PM CDT | Updated: 38 minutes ago

XUZHOU, China, October 4, 2021 / PRNewswire / – XCMG’s European XCMG Research Center (000425.SZ) stood out among 250 representative technology transfer projects to be featured in Innovation China’s 100 Global Best Practices for Transfer technology (the “List”) released on September 6, 2021 in Beijing, China. The center earned a spot in the Best Practice of Cross-border Innovation Technology Industrialization Platform category.

XCMG European Research Center listed on China’s Top 100 Global Best Practices for Technology Transfer Innovation.

More than 40 senior experts in the field of technology transfer and international cooperation reviewed the list. The practices were presented in five categories, including “Best Practice of Cross-border Innovation Technology Industrialization Platform”, “Best Practice of Exchange Activity”, “Best Practice of Sino-foreign Industrial Innovation Technology Cooperation” and “Best Practice of Industry -University Cooperation “and economic integration of regional science and technology.” Operational models, practical experience and characteristics of selected practices will be promoted to expand influence and authority across the sector.

The XCMG European Research Center was established in 2012 in Krefeld, North Rhine-Westphalia, Germany, through greenfield investments. It now employs more than 3,000 people in Europe, 98% of whom are local employees.

“The center serves as an innovation platform to carry out research and development of key technologies and products for the European market. XCMG has engaged manufacturing and research and development specialists from China to collaborate with local technicians in Germany to develop innovative technologies with proprietary independent intellectual rights, “said Zhang Chengyu, GM of XCMG European Research Center GmbH.

The platform received the North Rhine-Westphalia Best Investment Award in 2013 and won the Outstanding Investment Award for Chinese Enterprises in Germany in 2019. Supported by the XCMG Research Institute, the center has also made continuous progress by making full use of the advanced science technologies and resources in Europe and the resource advantages of China and Europe. Its focus has been on key technologies such as hydraulics, transmission, electronics and software, intelligent control technology, national standards, and more.

XMCG has launched more than 30 innovation projects and obtained over a dozen international patents. Furthermore, its innovative technologies have been applied in products for cranes, excavators and firefighting equipment, as well as in key components such as gearboxes, high-end hydraulic valves and high-security controllers.

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