On November 10th, Mingshang Technology Co., Ltd. and Xiamen Xiagong Machinery Co., Ltd. (stock code: 600815) held a high-level meeting at the headquarters of Xiagong. The two sides decided to conduct comprehensive cooperation in the fields of intelligent, networked, and internationalized construction machinery based on their respective resource advantages and technological capabilities, and jointly expand the global commercial market for low-speed unmanned driving of 5G+construction machinery.

Under the joint witness of Lin Chunming, President of Xiamen Xiagong Machinery Co., Ltd., Wang Wenlong, Dean of the Research Institute, Jiang Zhizhou, Chairman of Mingshang Technology Co., Ltd., and Luo Hongfa, Vice President, representatives of both parties officially signed a strategic framework cooperation agreement. According to the strategic cooperation agreement, a joint development team or laboratory will be established, relying on Xiamen Xiagong Machinery Co., Ltd.’s profound technical background and strong equipment capabilities, as well as the technical advantages of Mingshang Technology Co., Ltd. in the field of intelligent driving system integration and the development capabilities of software and hardware digital base, to provide customers with cost-effective intelligent products and excellent industry solutions. At the same time, both sides will also strengthen cooperation in areas such as products, technology, channels, operations, supply chain, and capital.

In the future, both sides will adhere to the principles of “resource sharing, complementary advantages, long-term cooperation, and common development”, fully leverage their respective advantages, focus on the development and application of intelligent driving and safety system integration technology for construction machinery, take technological innovation as the lead, take industry serving the country and strengthening the industry as our mission, and jointly strive for the development goals of intelligent, networked, electrified, and internationalized construction machinery in China.

Xiamen Xiagong Machinery Co., Ltd. (hereinafter referred to as Xiagong) was founded in 1951, with a registered capital of 799 million yuan and total assets of approximately 10.6 billion yuan. In December 1993, it was restructured from Xiamen Engineering Machinery Factory into a listed company (stock code 600815). It is a key large-scale first-class enterprise in the national key production of engineering machinery products such as loaders and excavators.

Xiamen University of Technology has over 6000 employees, including over 1000 professional and technical personnel. More than 20% of employees have a college degree or above. Xiagong will have an annual production capacity of 40000 loaders, 15000 excavators, 5000 forklifts, and 3000 road machinery, making it one of the largest engineering machinery manufacturing bases in China today. Xiagong’s products are efficient, energy-saving, flexible, and reliable, covering 9 categories including loaders, excavators, forklifts, small machinery, road machinery, environmental protection machinery, pile construction machinery, concrete machinery, and automotive lifting machinery. They form a complete product series and are widely used in mining, engineering, agriculture, forestry, water conservancy construction, ports, and other fields. Xiagong is a designated supplier for the General Equipment Department, General Logistics Department, Armed Police Force, Hong Kong and Macao Garrison, and Peacekeeping Force of the People’s Liberation Army of China. It is the only designated brand for polar scientific research in China.

Xiamen University of Technology has national level technology centers (the first batch of national level technology centers in Fujian Province in 1995), enterprise postdoctoral workstations (the first batch of enterprise postdoctoral workstations in China in 2001), and Fujian Province academician expert workstations. The talent strength, software and hardware conditions, research and development capabilities, and research and development achievements of the technology center all rank among the top in the country. According to the evaluation results of 575 national enterprise technology centers organized by the National Development and Reform Commission in 2009, Xiamen Engineering Technology Center ranked 105th, second in the construction machinery industry, second in Fujian Province, and first in Xiamen City. The technology center currently has over 400 professional R&D personnel, including 4 PhDs, 35 Masters, 2 Professor level Senior Engineers, and 40 Senior Engineers. It has a strong talent foundation and has successively developed China’s first wheel loader, wheel bulldozer, mid wheelbase loader, Echigo forklift, and natural gas loader, among other breakthrough achievements.

For over 60 years, Xiamen University of Technology has been daring to surpass and tirelessly working hard, always committed to actively participating in major engineering projects in China and supporting the development of national scientific research. Rooted in China and looking forward to the world, Xiamen University of Technology has assisted customers in creating value with high-quality products and services, winning recognition from the industry and leaders, and receiving many honors. Since 2010, it has been selected as one of the “500 Most Valuable Brands in China” for many consecutive years; The “Xiagong and Tu” trademark has successively obtained the “Fujian Famous Trademark” and “China Famous Trademark”; Xiamen Industrial Products has won the titles of “Xiamen High Quality Brand”, “Fujian Famous Brand Product”, “China Famous Brand Product”, and “Top Ten Famous Brands” multiple times; In 2010, the Xiamen Enterprise and Entrepreneur Federation awarded it the “Top 100 Xiamen Enterprises” and “Top 10 Xiamen Manufacturing Enterprises”; In 2011, the People’s Government of Xiamen City awarded it the “Top 10 Industrial Enterprises of Xiamen City in 2010”; The China Machinery Industry Federation awarded it the titles of “National Civilized Unit in the Machinery Industry”, “Equipment China Meritorious Enterprise”, and “Top 100 Enterprises in China’s Machinery Industry in 2010”; The Fujian Provincial Quality Award, the Organizing Committee of the Global Construction Machinery Industry Conference and Top 50 Summit, and China Construction Machinery Journal jointly awarded it honors such as “2011 Top 50 Chinese Construction Machinery Manufacturers” and “Top 50 Global Construction Machinery Manufacturers”.

Mingshang Technology Co., Ltd. (hereinafter referred to as Mingshang Technology) was established in 2003 and has built a modern garden style technology industrial park in Huizhou, Guangdong. Mingshang Technology is an important participant in the field of intelligent driving safety for commercial vehicles in China and a national high-tech enterprise integrating intelligent networking systems for commercial vehicles. It is a national level specialized and innovative “little giant” enterprise.

Mingshang Technology focuses on the development of core technologies for intelligent driving of commercial vehicles, providing integrated software and hardware system integration services for global commercial vehicle users, including driving safety, vehicle management, high-level intelligent assisted driving, intelligent networking, and intelligent terminal applications. The company’s products revolve around the full chain technology integration of video security capture, storage, monitoring, cloud deployment, and data computing products, systematically integrating thermal imaging dual light fusion night vision, intelligent cockpit display, active safety AEBS, high-level driving assistance (ADAS, BSD, DMS), and multi-channel blind spot 360 panoramic technology. Among them, in car cameras, in car recorders, etc., have won the top ten brands of in car video. Our company’s products are widely used in large-scale logistics, construction machinery, truck manufacturing, port mining, smart transportation and other fields. We are suppliers to over 100 Tier1 companies worldwide, including Sany Heavy Industry, Zoomlion Heavy Industry, Caterpillar, Dongfeng Commercial Vehicle, Yutong Bus, Longma Environmental Sanitation, BYD, Iveco, Ford, Jianghuai Automobile, etc. We also collaborate with Hongsoft Technology, Horizon, Botai, Yonyou, Ruixin Micro, NXP, Sony, Sharp, OV, SAP, etc Anbofu, Huawei, Bosch and other business partners have established long-term and stable cooperative relationships.

At present, the company has research and operation institutions such as Mingshang Technology (Hong Kong), Mingshang Technology (Shenzhen), Mingshang Technology (Huizhou), Mingshang Technology (Xiamen), Mingshang Technology (Changsha), and Mingshang Technology (Belarus), and has close cooperation with multiple 985/211 universities in China. With strong research and development capabilities and a comprehensive supply chain manufacturing system, Mingshang Technology has passed the IATF16949:2016 and ISO9001:2015 quality management system certifications in the automotive industry, as well as ISO45001:2018 occupational health and safety management system and ISO14001:2015 environmental management system certifications.

Since October 2021, the company has gathered a group of top domestic industrial investment institutions and strategic partners, such as Shenzhen Zhicheng Group, Zijin Mining Group, Hongruan Co., Ltd., Horizon Robotics Technology Co., Ltd., Botai Internet of Vehicles Group, etc., providing strong support for the rapid development of Mingshang Technology.