Zhong Zheng Wang·2025-08-07 05:05Group 1 - XCMG and Shanghai Tunnel Engineering Co., Ltd. signed a strategic cooperation agreement to leverage their core strengths in international market expansion, intelligent equipment R&D, financial cooperation, and urban development services [1][2] - The partnership aims to enhance competitiveness in the smart infrastructure construction equipment sector and focus on the "green and intelligent" development trend in urban infrastructure [1][2] - Both companies have a long-standing strategic relationship, achieving significant results in major infrastructure projects and core technology collaboration [2] Group 2 - XCMG's chairman emphasized the importance of this cooperation in seizing new global infrastructure construction opportunities and contributing to national development [2] - The collaboration is expected to facilitate a shift from incremental to stock transformation in the domestic infrastructure sector, focusing on intelligent and specialized equipment needs [2] - The agreement involves key market development both domestically and internationally, promoting regional integration and industrial development [2]