# XCMG Group and ZF Establish Agricultural Machinery Joint Venture

- Link: https://www.thailand-business-news.com/pr-news/xcmg-group-and-zf-establish-agricultural-machinery-joint-venture
- Published: 2026-06-05T14:04:00+07:00
- Author: PR Newswire

_Partnership combines XCMG’s agricultural equipment expertise with ZF’s powershift
transmission technology_

FRIEDRICHSHAFEN, Germany, June 5, 2026 /PRNewswire/ — Xuzhou Construction Machinery
Group (XCMG Group) and ZF Friedrichshafen AG (ZF) signed a joint venture agreement
in Friedrichshafen, Germany on June 2. The partnership aims to provide locally tailored
solutions for China’s agricultural machinery market and accelerate agricultural 
technology innovation in China.

 [ ⌊XCMG Group and ZF Establish Agricultural Machinery Joint Venture⌉ ](https://mma.prnasia.com/media2/2995506/20260605141709_40_170.html)

XCMG Group and ZF Establish Agricultural Machinery Joint Venture

Under the agreement, the parties will establish ZF (Xuzhou) Machinery Co., Ltd.,
headquartered in the Xuzhou Economic and Technological Development Zone (XETDZ),
Jiangsu Province. This agreement marks a significant milestone in strengthening 
the partnership between the two companies and expanding their collaboration on agricultural
equipment technology.

"China’s agricultural machinery sector is shifting toward larger, more advanced,
and more intelligent equipment, while powershift transmission technology for tractors
and other agricultural equipment is entering a critical growth phase," said Yang
Dongsheng, chairman of XCMG Group and XCMG Machinery.

"We will pursue this collaboration with an open and pragmatic approach, building
on XCMG’s strengths in high-end agricultural machinery and ZF’s expertise in powershift
technology. Together with ZF, we aim to develop globally competitive solutions for
the high-end agricultural machinery market and strengthen China’s domestic agricultural
equipment industry," Yang added.

ZF (Xuzhou) will combine global technology standards with solutions tailored to 
the Chinese market and focus on producing advanced powershift transmission systems
for agricultural applications. Both parties plan to develop new components and integrated
system solutions that help modernize China’s agricultural machinery industry while
strengthening its competitiveness in international markets.

Commenting on the agreement, Andreas Moser, a member of ZF’s Board of Management,
highlighted the strategic importance of China to ZF’s long-term growth plans.

He noted that ZF’s four-and-a-half decades of operations in China reflect both its
long-standing commitment to the market and its investment in local innovation. The
new venture, he said, will expand localized production of advanced powershift transmission
technologies and support the development of the next generation of high-performance
agricultural machinery.

ZF is a global technology company providing mobility products and systems for passenger
cars, commercial vehicles, and industrial applications. It focuses on improving 
efficiency, reducing emissions, enhancing environmental performance, and enhancing
vehicle safety. Beyond automotive applications, ZF serves construction equipment,
agricultural machinery, wind energy, marine propulsion, and rail industries through
its driveline, propulsion, and testing technologies.

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