XCMG(SZ:000425) Xin Hua Cai Jing·2025-09-26 08:52Core Insights - XCMG Group and Fortescue Metals Group have signed a strategic cooperation agreement for green mining equipment solutions, marking a significant step in their partnership [1][2] - XCMG will supply 150 to 200 units of 240-ton pure electric mining trucks to Fortescue between 2028 and 2030, fulfilling nearly half of Fortescue's future equipment needs for its 240-ton electric truck fleet [1] - This collaboration aligns with Fortescue's goal of achieving zero carbon emissions in land operations by 2030, reflecting a broader industry trend towards decarbonization in mining [1][2] Company and Industry Summary - The partnership represents an upgrade in the scale of cooperation between XCMG and Fortescue, highlighting the recognition of XCMG's innovative advantages in the green mining sector [2] - Fortescue aims to eliminate fossil fuel usage in iron ore operations, and this agreement is a crucial part of its global green strategy [2] - XCMG is committed to exploring zero-carbon smart mining solutions, focusing on the integration of artificial intelligence and mining machinery to provide comprehensive and sustainable solutions for global clients [1]