XCMG Machinery stated during an institutional research that the company was the first in the industry to lay out electric products. Currently, their array of electric products includes forklifts, aerial work platforms, loaders, and port machinery. The electric products of the articulated aerial work platform and loader hold the top market share in the industry, and the sales volume of pure electric products such as concrete mixers, pumps, port machinery, and environmental sanitation machinery continues to rise. The company's revenue from new energy products in the first three quarters of 2023 doubled year-on-year.
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