Latest news with #excavators
Bloomberg
6 days ago
- Business
- Bloomberg
China's Construction Equipment Sales Surge, Signaling Recovery
China's key construction machinery sales jumped in the first half, indicating improving demand across the economically crucial sector. Domestic excavator sales, which usually ramp up as builders prepare for projects, climbed almost 23% from a year earlier during the January-June period, data compiled by the China Construction Machinery Association showed. The equipment is a key barometer of activity in the construction industry and can serve as a proxy for steel demand.
Yahoo
27-05-2025
- Business
- Yahoo
Solid Innovation for Green Tomorrow! XCMG Excavator Hosts 7th International Customer Festival in Xuzhou
XUZHOU, China, May 27, 2025 /CNW/ -- The 7th XCMG International Customer Festival was held in Xuzhou, China, at XCMG's state-of-the-art intelligent excavator manufacturing hub. The event highlighted next-generation smart, application-specific, and eco-conscious solutions through product showcases, hands-on demonstrations, and collaborative technical exchanges. Industry partners and customers from across the globe gathered to explore the latest innovations driving sustainable construction practices. From Achievements to Co-Creation: XCMG Debuts Full Line of Low-Emission Excavators At the event, XCMG Excavator introduced 10 next-generation models powered by battery electric, and hybrid. Ranging from 1.5 to 70 tons, this comprehensive lineup underscores the company's ongoing commitment to green transformation and robust sustainable product portfolio, in support of China's Dual-Carbon goals. In the live demonstration zone, customers test-drove the XE215EV electric excavator and praised its seamless maneuverability, responsive powertrain, and quiet operation — capabilities that align with today's demands for productivity and operator comfort on job sites. Of note, customers from Northern Europe participated in technical discussions with XCMG's R&D team to refine machine functionalities and explore technological improvements. The collaboration is aimed at developing tailored solutions that address evolving market requirements worldwide. From Products to Jobsite Solutions: XCMG Excavator Creates Real-World Operator Experiences "I've operated the XE135F in Indonesia's rainforests—it's incredibly intuitive and adaptable," an Indonesian customer remarked at the forestry equipment exhibit, drawing enthusiastic nods from other attendees. The event featured scenario-based zones showcasing static displays of forestry machinery, material handling solutions, and multi-attachment applications, alongside live demonstrations of earthmoving and steep-slope operations. The simulations gave customers a chance to evaluate the performance and durability of XCMG excavators in challenging field conditions. Interactive operator challenges, including "Excavator Basketball" and "Precision Hoop Drills", energized attendees. A participant skillfully navigated the XE60G compact excavator to back-to-back victories in a precision control contest, drawing roars of approval. These innovative, hands-on activities deepened customer engagement, underscoring the machines' exceptional performance and operational excellence. From Collaboration to Shared Success: XCMG Excavator Paves the Way for Global Partnership Growth At the festival, one of XCMG's Indonesian distributors reflected on their two-decade partnership, noting that since the first equipment delivery in 2005, the alliance has deployed over 8,000 units. He cited XCMG's relentless innovation and custom-engineered solutions as key drivers for their continued collaboration. XCMG Excavator also hosted dedicated dealer workshops focused on equipment applications, market insights, and strategies for aftersales support. Looking ahead, XCMG Excavator reaffirmed its commitment to global collaboration, building on its "Scenario + Product" approach to convert customer needs into shared value and sustainable growth. For more information of XCMG Excavator, please visit View original content to download multimedia: SOURCE XCMG Excavator View original content to download multimedia: Sign in to access your portfolio
Yahoo
18-05-2025
- Business
- Yahoo
UBS Upgraded Caterpillar Inc. (CAT) as Trade Outlook Brightens
Caterpillar Inc. (NYSE:CAT) received a rating upgrade by UBS on 16th May 2025, from 'Sell' to 'Neutral', at a price target of $357, previously $340. The bank highlighted a more contained downside scenario for the stock after recent progress in U.S.-China trade talks, though analysts warned the company is 'not out of the macro woods.' A construction crew operating a hydraulic shovel during a nighttime project. UBS analysts stated that the bank was seeing positive momentum in China's excavator industry and strong demand for data centre backup power stations. Caterpillar Inc. (NYSE:CAT) global manufacturing footprint and ability to navigate economic uncertainties give the company the required muscle to meet the Chinese mining industry's rise in demand before competitors. This update follows Wolfe Research's upgrade of Caterpillar Inc. (NYSE:CAT) last week. Analyst Mig Dobre of Wolfe Research stated that there were multiple factors driving their upgrade of CAT to 'Outperform', including the recent pause between US and Chinese trade tariffs and positive data from the Chinese mining sector, which are likely to boost CAT's 2026 margins. Overall, Caterpillar Inc. (NYSE:CAT) is considered a stable investment among analysts. Out of the 28 analysts on Wall Street following the stock, 14 have a 'Strong Buy/Buy' recommendation, while the remaining have a 'Hold' recommendation, with a consensus on the average twelve-month share price at $368.01. While we acknowledge the potential of CAT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CAT and that has 100x upside potential, check out our report about this cheapest AI stock. READ NEXT: 10 Best Low Volatility Stocks to Buy Now and Starter Stock Portfolio: 12 Safe Stocks to Buy Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
CTV News
12-05-2025
- Business
- CTV News
Majority of Nova Scotians support mining, quarrying industry: survey
Excavators work at an open pit gold mine in Moose River Gold Mines, N.S., on June 6, 2017. THE CANADIAN PRESS/Andrew Vaughan (Andrew Vaughan/THE CANADIAN PRESS)
