On April 28, 2026, the “Zhengdian Finance” column of CCTV’s financial channel focused on the recovery and improvement of the construction machinery industry in the first quarter of this year, focusing the lens on Liugong’s excavator smart factory, vividly presenting a picture of the production line operating at full capacity and making every effort to ensure delivery.
With the intensive implementation of the list of major local projects and the issuance of special bonds, the prosperity of the construction machinery industry continued to rebound in the first quarter.
The continued development of downstream infrastructure projects is rapidly being transmitted to the upstream construction machinery manufacturing industry.
During the visit, the reporter found that orders from many manufacturing companies have increased significantly and production lines are operating at full capacity.
Yu Xujian, director of production and operations of Liugong’s excavator business, said: “The current production line is still operating at full capacity. In the first quarter, we have produced more than 9,000 Liugong excavators, a year-on-year increase of about 30%. Among them, large excavators and electric excavators have seen greater growth this year.”
Data from the China Construction Machinery Industry Association show that in the first quarter of 2026, major excavator manufacturers sold a total of 73,336 excavators, a year-on-year increase of 19.5%.
Among them, domestic sales were 39,579 units, a year-on-year increase of 8.25%; exports were 33,757 units, a year-on-year increase of 36.1%, which fully demonstrates the continued recovery of the construction machinery industry.
From the perspective of market demand, the advancement of major local projects has brought broad market space to the construction machinery industry.
A large number of infrastructure construction projects, such as roads, bridges, water conservancy and other projects are being carried out, and the demand for construction machinery such as excavators is increasing.
At the same time, the advance use of special bonds has also provided financial guarantee for the smooth implementation of the project, further stimulating the prosperity of the construction machinery market.
For LiuGong, the good performance in the first quarter is not only a reflection of market demand, but also a proof of its own strength.
LiuGong has always been committed to technological innovation and product upgrading, and continuously improves the quality and performance of its products.
The larger growth of large excavators and electric excavators reflects LiuGong’s achievements in technology research and development.
Large excavators can meet the needs of larger projects, while electric excavators are in line with the development trend of environmental protection and energy conservation.
In the future, LiuGong will be guided by the strategy of “comprehensive solutions, comprehensive digital intelligence, and globalization”, break through technological innovation, empower with digital intelligence upgrades, and continue to develop more competitive products and services.
In terms of technological innovation, LiuGong will increase investment in research and development and continue to launch more advanced products; in terms of digital intelligence, it will improve production efficiency and management levels through digital technology; in terms of globalization, it will actively expand overseas markets and enhance the international influence of the LiuGong brand.
We believe that Liugong will continue to inject surging momentum into the high-quality development of China’s equipment manufacturing industry.
