XCMG Ranked No. 379 on World’s 500 Most Influential Brands 2024, Leading Innovation in Industrial Equipment by Investing.com

Xuzhou, China, December 27, 2024 /PRNewswire/ — The Global Brands Lab has officially released its report revealing the best global brands of the year. XCMG machines (“XCMG”, SHE: 000425), a leading global manufacturer of construction equipment, proudly announces 379 insurance^y Position on 21st^street Annual list of the 500 most influential brands in the world, issued by Global Brands Lab. The company also ranks 42nd^{Second abbreviation} Among Chinese brands and achieving 7^y A global position in the industrial equipment sector.

The World’s 500 Most Influential Brands ranking evaluates brands based on their ability to develop, capture markets and generate profits, which collectively determines a brand’s global influence. Global Brands Lab The evaluation process included a comprehensive scoring of more than 8,000 globally recognized brands using key indicators such as market share, brand loyalty, and global leadership. Notably, the brand loyalty ratings included iTrust Rating data, while the ESG performance ratings were drawn from SuperFinance’s comprehensive ESG database.

The joint research team from Global Brands Lab SuperFinance revealed a major trend among multinational brands, where increasing globalization pressures are driving a shift towards diversified localization strategies and prioritization of environmental, social and corporate performance. The strong correlations between brand equity and environmental, social and governance (ESG) performance underscore the growing importance of sustainable practices.

In line with these findings, XCMG released its inaugural ESG report in April 2024which further enhances its transparency in developing sustainable business. By the end of 2023, the company had made significant progress, reducing its total greenhouse gas emissions by 33,269.01 tons, a decrease of 7.84%.

doctor. Maria Jesus Sainzboss Digital Supply Chain Transformation Lab in with“The opportunities that digital twins provide in supply chain operations are enormous, especially when scaled end-to-end,” he commented. XCMG’s successful integration of digital solutions is consistent with this vision, demonstrating its leadership in leveraging technology to drive operational excellence and sustainability.

XCMG has accelerated the adoption of cutting-edge digital technologies across multiple production operations throughout 2024. By implementing advances such as image recognition-based material sorting, AGV intelligent shuttle systems, and digital dual robotic welding production lines, XCMG has effectively enhanced automation. Intelligent component manufacturing while reducing labor costs.

For more information, please visit https://www.xcmgglobal.com/.