On October 20, President Luiz Inácio Lula da Silva warmly met with Yang Dongsheng, Chairman of XCMG, at the Presidential Palace. The meeting was also attended by Brazilian Vice President and Minister of Development, Industry, Trade, and Services Geraldo Alckmin, as well as Rui Costa, Chief of Staff of the Presidency.
During the meeting, President Lula congratulated XCMG on its impressive achievements in Brazil over the past decade. He highly praised XCMG’s efforts in advancing industrial upgrades, energy conservation, emissions reduction, and digital transformation. He also recognized the steady development of XCMG Bank in Brazil and expressed anticipation for the company’s plans to establish a research institute in the country. President Lula stated that he hoped XCMG would continue to expand its investment in Brazil, setting an exemplary model for Sino-Brazilian economic, trade, and cultural exchanges.
Chairman Yang Dongsheng systematically introduced the history of XCMG’s development in Brazil, from trade exports and greenfield factories to digital transformation and intelligent upgrading. He emphasized that XCMG would continue to focus on high-end, intelligent, green, global, and service-oriented development, actively advancing industrial digital transformation, advocating for green manufacturing, fulfilling corporate social responsibility, and strengthening the cultivation of local talent. He also highlighted XCMG’s commitment to deepening localization in Brazil and expanding its influence in South America, with Brazil as the regional hub for long-term, sustainable growth.
President Lula expressed his admiration for XCMG’s focus on localization and long-term strategic planning. He stated that Brazil welcomes Chinese enterprises, including XCMG, to participate in the country’s infrastructure development, digital economy growth, and green transition. He expressed hope that both sides would collaborate to promote sustainable development and share development opportunities.
The meeting concluded on a friendly note, with both parties taking a commemorative photo. They also reached a preliminary consensus on future cooperation in areas such as research and development, finance, talent training, and green mining.
