On July 26, 2011, the Nanjing Research Institute of XCMG Group with a total investment of 200 million yuan was officially opened. The research institute is supported by the Jiangsu Provincial Department of Science and Technology. It is mainly responsible for the development and research of construction machinery and automotive related industries. It will create a domestic first-class and world-leading comprehensive research and development platform, and provide support for the promotion of automotive and construction machinery products and technological progress. The heavy construction machinery industry in Jiangsu Province has reached a new level, which is the core competitiveness of the Jiangsu construction machinery industry.
Wang Min, Chairman of XCMG Group, said that focusing on independent innovation, mastering core technologies, and occupying the industry's commanding heights are the most prominent core advantages of XCMG. The global deployment of R & D centers is an important strategic direction of XCMG's "12th Five-Year Plan. XCMG Nanjing Research Institute will take the core task of forming the capacity of heavy truck and special vehicle development, test and verification, and accelerate the completion of hardware environments such as comprehensive scientific research buildings, auto parts and system test analysis laboratories, and prototype test and verification centers for complete vehicles. And by 2013, it will form a high-level research and development team of about 300 people, provide XCMG with a research and development platform for heavy trucks, special vehicles and electronic information, and become a professional research and development institution for automobiles and related industries with advanced research and development methods. The comprehensive research and development capability has surpassed the domestic advanced level in the same industry.