XCMG ranks 379th on Investing.com’s 500 Most Influential Global Brands 2024 list, leading industrial equipment innovation

XUZHOU, China, December 27, 2024 /PRNewswire/ — The World Brand Lab has officially released its, revealing this year’s top global brands. XCMG machines (“XCMG”, SHE: 000425), the world’s leading manufacturer of construction equipment, proudly announces that it will provide its 379^th 21st place^St the annual list of the 500 most influential global brands, which it publishes World Brand Lab. The company is also in 42nd place^n.d among Chinese brands and scored an impressive 7^th global place in the industrial equipment sector.

The World’s 500 Most Influential Brands ranks brands based on their ability to develop and capture markets and generate profits, which together determine a brand’s global influence. World Brand Lab’s the evaluation process involved comprehensive scoring of more than 8,000 globally recognized brands using key indicators such as market share, brand loyalty and global leadership. Brand loyalty assessments included iTrust Rating data, while ESG (Environmental, Social, and Governance) performance assessments were derived from SuperFinance’s extensive ESG database.

A joint research team from World Brand Lab and SuperFinance revealed a significant trend among multinational brands, increasing globalization pressures are driving a shift towards diversified localization strategies and prioritizing ESG performance. The strong correlations between brand equity and ESG performance highlight the growing importance of sustainable practices.

In line with these findings, XCMG released its inaugural ESG Report of the Year April 2024further increasing its transparency in sustainable business development. By the end of 2023, the company has made significant progress, reducing total greenhouse gas emissions by 33,269.01 tons, which corresponds to a reduction of 7.84%.

dr. Maria Jesus Saenzdirector Supply Chain Digital Transformation Laboratory on MYTHcommented, “The opportunities that digital twins present in supply chain processes are enormous, especially when extended end-to-end.” XCMG’s successful integration of digital solutions is consistent with this vision, demonstrating its leadership in using technology to drive operational excellence and sustainability.

XCMG has accelerated the adoption of cutting-edge digital technologies in multiple manufacturing processes during 2024. By implementing improvements such as image recognition-based material sorting, intelligent AGV shuttle transport systems, and digital dual robotic welding production lines, XCMG has effectively improved the automation and intelligence of component manufacturing with reduction of labor costs.

For more information, visit https://www.xcmgglobal.com/.