On July 1, 2020, XCMG Brazil Bank, which took 18 months of preparation, was officially approved for operation, opening a new chapter in XCMG manufacturing overseas finance and becoming the world's first Chinese manufacturing enterprise bank.

Recently, XCMG Brazil Bank has achieved a cumulative credit grant of over 400 million reais, served 210 customers and provided financing solutions for more than 510 devices, which is a milestone leap since the establishment of XCMG Brazil Bank.

Since its establishment two years ago, XCMG Brazil Bank has always maintained a professional, pragmatic and efficient spirit, actively assisting the product sales team, and providing customized financial products and services for the diverse financing needs of end customers.

In order to enhance the depth and breadth of the main business of service, XCMG Brazil Bank actively expands local Chinese financing channels, and has obtained an unsecured credit line of 350 million reais from Brazil.