XCMG and O.C.R. Thailand Sign Landmark $14 Million Contract at 20th Anniversary Celebration, Driving Further Green and Smart Construction in Southeast Asia

PATTAYA, Thailand, July 16, 2025 /PRNewswire/ -- Marking two decades of strategic partnership, XCMG Machinery (SHE:000425), a global leader in construction machinery, and O.C.R. Company Limited ("OCR"), Thailand's premier products and service provider, have signed a major procurement agreement exceeding 100 million RMB (approx. USD 14 million). The contract, signed during the partnership's 20th-anniversary celebrations in Pattaya, includes the delivery of XCMG's pure electric mining trucks and new energy loaders, accelerating the adoption of low-carbon construction solutions in Thailand.

The milestone anniversary event, themed 20 Years of Trust, Power, and Progress — Always Ahead, Forever Together, showcased XCMG's commitment to deep localization and innovative transformation, aligning with Thailand's national "4.0" development strategy through a full day of immersive activities, technology demonstrations, and customer appreciation.

Key event highlights included:

• Thailand's First Public Test Drives: Attendees experienced XCMG's advanced driverless construction machinery equipped with fully autonomous control systems – a first public demonstration in the Thai market.
• Cutting-Edge Electric Solutions: Showcasing the latest pure electric tractor head, highlighting powerful yet energy-efficient performance.
• Grand Customer Appreciation: A prize draw valued at over 4 million baht, featuring a BYD electric vehicle and other premium gifts.
• Celebratory Entertainment: Live performances by MC Dai Diana and renowned musician Singto Numchok, creating an unforgettable atmosphere.

"XCMG remains committed to practicing deep localization strategies and sharing development opportunities with our global partners," stated Yang Dongsheng, Chairman of XCMG Machinery. "Standing at this new historical juncture, we look forward to working hand-in-hand with OCR to embrace the era of embodied intelligence and smart construction machinery. By transforming XCMG's global best practices into locally adapted solutions, we will accelerate Thailand's transition toward zero-carbon, unmanned, and intelligent construction. This partnership creates greater value for our customers and contributes significantly to the sustainable development of Thailand's infrastructure and economy."

Since becoming partners in 2005, OCR has grown into XCMG's most vital strategic hub in Southeast Asia. Over the past 20 years, the collaboration has been instrumental in localizing cutting-edge construction equipment, expanding service networks across Thailand, and supporting the country's infrastructure modernization.

Looking ahead, XCMG and OCR are poised to deepen their collaboration further. The focus will be on delivering even greener, smarter, and more efficient equipment and solutions to the Thai market to further make lasting contributions to Thailand's economic progress and building a more sustainable future.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

XCMG and O.C.R. Thailand Sign Landmark $14 Million Contract at 20th Anniversary Celebration, Driving Further Green and Smart Construction in Southeast Asia

BEIJING, Jan. 11, 2026 /PRNewswire/ -- On December 29, the "Forging the Path to National Strength: China's Manufacturing Achievements Under the 14th Five-Year Plan," jointly organized by the National Museum of China and the Ministry of Industry and Information Technology, officially opened at the National Museum of China, showcasing more than 300 top national achievements. GAC's "National Outstanding Engineer Team" successfully developed both the Magazine Battery and the Solid-State Battery, which were selected for the exhibition.

The GAC Magazine Battery is the first battery system to pass both the nail penetration no-flame and non-ignition safety tests. By utilizing ultra-high intrinsic safety cells, an all-weather "vehicle-end + cloud-based" active safety monitoring system, and a multi-dimensional safety protection system, the Magazine Battery achieves three layers of protection: core, active, and passive. Its safety performance far exceeds the electric vehicles traction battery safety requirements (GB38031-2025), which will take effect on July 1, 2026. Currently, the Magazine Battery has a cumulative deployment of 1.3 million vehicles with zero spontaneous combustion and over 50 billion kilometers of safe travel, providing users with robust safety assurance for every journey.

GAC's self-developed large-capacity solid-state battery has achieved an energy density exceeding 400 Wh/kg and easily passes rigorous safety tests such as 200°C thermal chamber and nail penetration tests, effectively addressing users' range anxiety and safety concerns. Innovations in materials and processes have placed the solid-state battery at the forefront of the industry in key indicators such as safety, energy density, and cycle life, providing a superior power solution for the future development of NEVs. Currently, a pilot production line for GAC's solid-state battery has been established, capable of mass-producing vehicle-grade solid-state batteries over 60 Ah, marking a critical step toward the goal of full vehicle integration by 2026.

Over the years, GAC has been steadily enhancing its competitiveness through innovations across intelligent connectivity, NEV powertrains technologies, and forward-looking technologies. Looking ahead, GAC will continue to deepen its efforts in the intelligent connected NEV field, leveraging more leading technological achievements to drive industry progress.

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

GAC Magazine Battery and Solid-State Battery Win Top National Honor