Founded in 27, it is a wholly-owned subsidiary of Xugong Group with a registered capital of 45 million yuan. Founded in March 1989, Xugong Group has always maintained the position of the vanguard in China's construction machinery industry for 25 years. In 27, it ranked 16th in the world's construction machinery industry, 191st in China's top 5 enterprises, and 96th in China's top 5 manufacturing enterprises. It is a large enterprise group with the most complete variety and series of construction machinery products in China. "Xugong" is the first "China well-known trademark" in the industry.