XCMG Group, formerly known as Huaxing Iron Factory founded in 1943, was established in 1989. It is the founder, pioneer, and leader of China's construction machinery industry, and a leading enterprise with global competitiveness and influence worth billions of yuan in the construction machinery industry. The company's main indicators have consistently ranked first in China's construction machinery industry, third in the world's construction machinery industry for three consecutive years, and among the "Fortune Global 500 Brands" for four consecutive years. The company's business scope includes engineering machinery, mining machinery, agricultural machinery, sanitation machinery, emergency rescue equipment and commercial vehicles, modern service industry, etc. Its products are exported to more than 190 countries and regions, covering more than 95% of the countries and regions along the "the Belt and Road", and its annual export volume and overseas income continue to rank the forefront of China's industry.