Xuzhou Construction Machinery Group and ZF Friedrichshafen AG 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. 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.

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.