Key facts
- XCMG Group and ZF Friedrichshafen AG (ZF) signed a joint venture agreement.
- The joint venture will combine XCMG's agricultural equipment expertise with ZF's powershift transmission technology.
Xuzhou Construction Machinery Group (XCMG Group) and ZF Friedrichshafen AG (ZF) have signed a joint venture agreement. The partnership aims to merge XCMG's established expertise in agricultural equipment with ZF's advanced powershift transmission technology. This collaboration is expected to enhance the development and production of agricultural machinery.