European research center XCMG is named in the list of the 100 global best practices of innovation in China for technology transfer

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Posted: October 4, 2021 at 9:00 p.m. MDT|Update: 53 minutes ago

XOUJOU, China, October 4, 2021 / PRNewswire / – XCMG’s European Research Center XCMG (000425.SZ) was recognized among 250 representative technology transfer projects to be included in Innovation China’s Top 100 Best Practices for Technology Transfer (the “List”) published on September 6, 2021 in Beijing, China. The center has earned its place in the category of best practices of cross-border innovation technological industrialization platform.

The European research center XCMG is included in the list of the 100 global best practices of Innovation in China for technology transfer.

More than 40 high-level experts in the field of technology transfer and international cooperation reviewed the list. The practices were presented in five categories, including “Best practices of cross-border innovation technology industrialization platform”, “Best practices of exchange activity”, “Best practices of Sino-foreign industrial innovation technological cooperation And “Best Practices in Industry-University Cooperation.” and regional economic integration of science and technology. ”Business models, practical experience and characteristics of selected practices will be promoted to extend influence and authority across industry.

The European research center XCMG was established in 2012 in Krefeld, North Rhine-Westphalia, Germany through greenfield investments. Today it employs more than 3,000 people in Europe – 98 percent of whom are local employees.

“The center serves as an innovation platform to carry out research and development of technologies and commodities for the European market. XCMG has assigned production and R&D specialists from China work with local technicians in Germany develop innovative technologies with independent intellectual property rights, ”said Zhang Chengyu, Managing Director 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 Companies in Germany in 2019. Supported by the XCMG Research Institute, the center has also made continuous inroads by fully utilizing advanced scientific and technological resources in Europe and the advantages in terms of resources China and Europe. It focused on key core 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 more than a dozen international patents. In addition, its innovative technologies have been applied in crane, excavator and firefighting equipment products, as well as basic components such as gearboxes, high-end hydraulic valves and high security controllers.

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