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Las Vegas, Nevada, United States – 10 March 2020 –<\/strong><\/strong>For more than 60 years, LiuGong has been committed to providing our customers with the best products and service to help them succeed in their business.<\/p>\n\n\n\n<\/div>\n\n\n\n
<\/video><\/figure>\n\n\n\nLiuGong is recognized as the manufacturer of a full line of tough machines that have been proven to withstand the most extreme working conditions for any job, anywhere. What\u2019s more important, LiuGong has evolved to become a provider of comprehensive solutions that satisfies customers in every aspect of their business: financially, geographically, versatility and service. LiuGong has worked closely with its global dealers and partners to offer our customers one of the lowest total cost of ownership in the industry.<\/p>\n\n\n\n
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<\/figure>\n\n\n\nSpeaking of LiuGong\u2019s development, Mr. Zeng Guang\u2019an, Chairman of LiuGong Group says: \u201cLiuGong is always keeping abreast of the changing market and thinks ahead to fulfill our commitment to our customers. In 2019, LiuGong promoted \u2018total globalization, total solution and total intellectualization\u2019 as our major strategies for 2025 and with the \u201cthree totals\u201d, LiuGong is to build the business together with our dealers, partners and customers all over the world.\u201d<\/p>\n\n\n\n
LiuGong has grown fast in international markets. Over the past year, 51 new dealers joined LiuGong, and over 100 new branches were opened globally. These additions are complementary to our current network to provide close and fast service to customers. As a result, nearly 2,000 new customers selected LiuGong for their equipment needs.<\/p>\n\n\n\n
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<\/figure>\n\n\n\n\u201cIt is time for LiuGong to move forward. In 2020, LiuGong will continue to build localized support for our global business.\u201d said Zeng. In fact, LiuGong has already made many strides in the localization progress. In early 2019, LiuGong acquired CPMS in the UK, building its first international retail business. In January 2020, LiuGong celebrated the grand opening of LiuGong Indonesia, bringing the total of overseas regional subsidiaries to 13. And in the United States, LiuGong enlarged its organization with local, experienced talent and started local assembly of LiuGong excavators. All these initiatives have helped LiuGong to provide more customized products and focused services to help our customers succeed.<\/p>\n\n\n\n
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<\/figure>\n\n\n\nLiuGong understands that the customers\u2019 needs are never as simple as just a machine. They want full solutions, full support with low TCO. Going beyond our equipment, LiuGong has strived to offer an entire package that covers the entire value chain throughout a machine\u2019s life cycle.<\/p>\n\n\n\n
LiuGong is cooperating with financial companies to carry out flexible and diverse solutions for both our dealers and the end users. For the aftersales market, LiuGong continues to improve capabilities in service, parts, training and technology support. Bothparts availability and fill rate has been increased significantly throughout 2019.<\/p>\n\n\n\n
Additionally, LiuGong has expanded the product offerings to meet with customers\u2019 specific application needs and now with 19 product lines, LiuGong can help our customers in any sector: earthmoving, infrastructure, mining, road and highways, municipals, forestry, among others. <\/strong>In 2019, we launched 62 new products in 12 product lines, including Stage V wheel loaders, F-series excavators and tailor-made machines, such as snow removal and demolition excavators.<\/p>\n\n\n\n<\/div>\n\n\n\n
<\/figure>\n\n\n\nFurthermore, the advent of the new industrial revolution represented by big data, IOT, automation, electrification and intellectualization has brought both opportunities and challenges to CE manufactures. Intellectualization is a key strategy for LiuGong and one of the approaches to this goal is to enhance and expand our cooperation with partners.<\/p>\n\n\n\n
At 2019 BICES in Beijing last year, LiuGong launched a series of notable technologies and achievements; 5G remote controlled intelligent shoveling wheel loaders and Battery Electric Vehicles, among others. Jointly developed with China Telecom, the application of 5G remote control technology enables equipment to be controlled from over 2000 kilometers away with only 30 milliseconds delay and will expand machines\u2019 utility in dangerous and unsafe environments. Meanwhile, the first generation BEVs, were unveiled; including an 856HEV wheel loader and two excavators, the 906E-EV and 922F-EV.<\/p>\n\n\n\n
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<\/figure>\n\n\n\n\u201cWorking with our partners, LiuGong is applying proven technologies in our equipment; effectively reducing development time of new products. It is a win-win approach for both LiuGong and our partners\u201d said Mr. Huang Haibo, President of LiuGong. \u201cAnd most importantly, it will benefit our customers in the end. With improved machines\u2019 performance, they can realize increased profits. Through \u2018working smart and working powerful\u2019 principle, LiuGong also boosts our customers\u2019 success.\u201d he concluded.<\/p>\n\n\n\n
For LiuGong, 2020 has started with challenges but we are poised and ready to meet both the challenges and the opportunities.<\/p>\n\n\n\n
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