Benefiting from the efforts of the domestic downstream enterprises to resume production and the new infrastructure policy, the demand for construction machinery has increased, and many construction machinery manufacturing enterprises have been overloaded. On April 10, 2020, XCMG Excavating Machinery Division released "A Letter to Excavator Customers in the Country". According to the content, the price of XCMG excavators will be increased, of which the price of small excavators will be increased by 10%. The machine price is increased by 5%.

The notice said: At present, the global epidemic prevention and control is still in the stage of tackling difficulties, and the negative impact on the excavator industry chain is becoming more and more prominent, and the cost has increased significantly. China's ambition for high-quality development will not be relaxed at all due to the delay of the epidemic. XCMG is committed to advocating healthy and sustainable development, sharing high-quality development results with customers, sharing the responsibility of national economic construction, and making a careful decision to increase the price of small excavators 10 %, The price of medium and large-scale excavators increased by 5%.

European industries have ceased production one after another, leading to a tight upstream supply chain. The domestic engineering infrastructure has quickly resumed demand after resumption of construction. Recently, sales of excavators and other machinery have increased, product gross margins have been compressed, and price adjustments have become imperative. Editor / Zhao Jing