On December 16, the 2021 LiuGong Global Dealer Conference (hereinafter referred to as “the conference”) was held via live broadcast. Nearly 400 people from more than 60 countries and regions convened virtually to work on the “Intelligent” future. Zeng Guang’an, Chairman of LiuGong, Huang Haibo, President of LiuGong and Vice President Luo Guobing, as well as other LiuGong leaders attended the conference.

Focusing on the topic of “smart,” “electric,” and “intelligence,” LiuGong presented its latest industry solutions for forestry, mining, road construction, and other industries to the global partners. The new 2.0 Smart Mining System, iLink smart equipment management system, electric equipment, and a full range of new products and aftermarket upgrade services were also highlighted. High-performing dealers from the UK, Indonesia, and Russia presented their development plans and cooperation prospects. Dealers from Indonesia, Ukraine, Thailand, Tanzania, Germany, and other countries also participated in the real-time Q&A sessions with LiuGong executives to discuss financing and credit, products, channels, operations and delivery, branding, etc.

During the Global Customer Day held in November, LiuGong launched 3 unmanned construction machines and a full range of other innovative new products, including the highly impressive green electric equipment that has now been widely used in tunnels, mines, ports, engineering construction, and many other operating conditions. At today’s conference, LiuGong officially launched a set of electric loaders and electric excavators for the overseas markets at the conference. This showcased the complete set of industry-leading construction solutions and electrification technologies that LiuGong has developed. LiuGong’s investments in intelligent and digitalized manufacturing were also highlighted, along with its progress in constructing a Loader Lighthouse Factory. Other developments presented at the conference include LiuGong’s research, development, and application of 5G, cloud computing, big data, Industrial Internet of Things (IIoT), and intelligence within the construction machinery industry chain, as well as the digital transformation and upgrade of the company’s marketing and customer service systems.

During the conference, President Huang Haibo reviewed LiuGong’s overall operations as of September 2021. He highlighted that LiuGong’s total sales revenue maintained a high growth trend, having seen 17% year-on-year growth. The company’s global ranking rose to the 15th in the construction machinery industry.

With the support of global dealers, LiuGong is set to achieve 64% year-on-year growth in its overseas sales in 2021. This will be 40% higher than the average growth across the industry. More European and American dealers joined LiuGong, bringing the share of mature markets to 31% of the total overseas business. All overseas subsidiaries and product lines achieved high annual growth rates. Excavators in particular recorded a remarkable 110% growth rate. “For 2022, we have set ourselves a very challenging overseas sales target — to reach a new height of 58% year-on-year growth,” Vice President Luo Guobing mentioned in his speech.

Chairman Zeng Guang’an remarked that, “Along with the expansion of international business, LiuGong will increase strategic investment in key overseas regions and deepen cooperation with all the dealers. LiuGong will also adhere to market and customer orientation, and accelerate the application of R&D in new technologies such as intelligence, Industrial Internet of Things, big data, and new energy. This will be with the goal of further developing technological competitiveness that surpasses the world’s top enterprises within the industry.”

Future prospects within the industry look bright across the globe. In 2002, the company put forward the globalization strategy. Since then, LiuGong has had more than 300 dealers, 13 overseas subsidiaries, and 3 overseas manufacturing plants spread across the world. 2022 will mark LiuGong’s 20th anniversary of the overseas business operation. Guided by the reform of building a world-class enterprise with global competitiveness, LiuGong will continue to actively build a synergistic global strategic partnership across the entire value chain by firmly promoting the “Total Globalization, Total Solution and Total Intelligent” strategy.