Wang Min, Chairman and President of XCMG, introduced the investment in Germany and cooperation with German companies at the meeting, pointing out that the new strategic cooperation with SAP aims to set an example of business integration between Chinese and German companies for the benefit of both sides.
"XCMG highly values the partnership with SAP. The success with SAP in the Industry 4.0 high-tech strategy project will help XCMG's globalization under the 'Made in China 2025' initiative and contribute to building sustainable competitiveness in the global market"
said Wang Min.
As an industry leader and the fifth largest supplier of construction equipment in the world, XCMG will enter into a comprehensive collaboration with SAP, the international enterprise software provider, to expand into the global market.
The Chinese construction machinery group has promoted the integration of data processes and industrialization, and established Jiangsu XCMG Information Technology Company in 2014 to prioritize the development of the IT industry and contribute to the transformation and upgrading of the company through intelligent solutions.
Big data technology and applications will enable the two companies to use IOT smart cloud computing to intelligently manufacture and manage XCMG's products, implement and utilize research and design, installation and debugging, and smart logistics, as well as risk prediction and warning.
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