Liuzhou, China, January 1, 2025 /PRNewswire/ — From pioneering practices to impactful collaborations, LiuGong (000528.SZ) has consistently demonstrated its dedication to a sustainable future. Recently, LiuGong celebrated its first anniversary Green Alliancemarking a year of significant efforts in the field of sustainability and reaffirming its commitment to continued sustainable development.

Advancing sustainability with Green Alliance

At the end of 2023, LiuGong took a big step towards sustainability by forming Green Alliance In cooperation with its main customers, distributors and many non-profit organizations. This initiative aims to allocate a portion of the annual sales revenue from LiuGong electrical products to charitable projects in AfricaAnd enhance its commitment to social responsibility.

in May 2024 the Green Alliance It reached a prominent stage with the launch of a charitable water well project in South Africa. Submit this project Africa The first electric machine to move soil. By August, LiuGong completed the first phase of the project in Mapiskraal, South Africa. A 150-meter-deep well equipped with a solar-powered pump now provides clean water to more than 25,000 families.

Beyond Green AllianceLiuGong’s commitment to sustainability is evident in its efforts in other aspects.

Pioneering green smart manufacturing with the electrification initiative

LiuGong has advanced the research and development of electrical equipment technology and product electrification. The dedicated research institute provides technical support and promotes component manufacturing, building an industrial ecosystem. So far, LiuGong’s electric product line includes 11 categories with diverse power options, promoting the green ecosystem. With more than 6,500 units sold worldwide, it has reduced carbon emissions by 330,000 tons, the equivalent of planting more than 18 million trees. Throughout 2023, LiuGong championed global electrification, with more than 10% of its monthly international sales being electrical products, significantly reducing its carbon footprint and inspiring investment in a sustainable future.

The company is also accelerating the independent development of key components, with the first phase of a battery pack factory completed and several energy regeneration facilities launched. Significant advances in intelligent technology include deploying autonomous loaders and rollers in mines and highways, achieving precise scheduling and management, effectively reducing costs, and increasing efficiency.

Strengthening environmental management through proactive actions

LiuGong aims to eliminate pollution and recycle resources to the greatest extent. In 2023, the company invested 41.61 million yuan In product life cycle management, with a focus on energy conservation and emissions reduction. Wastewater and exhaust emissions met compliance standards, hazardous waste was effectively managed, and no pollution incidents were reported.

Throughout the year, 27 projects targeted VOCs, welding fumes and more, reducing emissions and pollution. Energy use has been improved through photovoltaic policies and initiatives, with domestic solar energy expected to generate 52 million kilowatt-hours per year, reducing emissions. Employee training and advocacy of green culture also support LiuGong’s environmentally friendly company.

Building a green supply chain through strategic cooperation

LiuGong aims to create an efficient system through various initiatives. Green procurement is a key focus, incorporating environmentally friendly practices from demand analysis to product acceptance, such as prioritizing energy-efficient products and services, replacing wooden packaging and cardboard with reusable utensils, and more.

Supplier management is strong, with audits and assessments of financial, capabilities, quality and ESG, promoting long-term collaboration. Digitization via the SRM platform saves 4.3 tons of paper per year. The collaborative cloud platform facilitates real-time interaction with more than 1,500 suppliers, enhancing industrial chain efficiency and developing LiuGong’s supply chain.

In the coming year, LiuGong is poised to maintain its ongoing commitment to integrating sustainability into its business practices. At the same time, Green Alliance It will further its mission by building a second water well in Gambiaand strengthening its commitment to global sustainability.

LiuGong Global Brand Marketing, overside.marketing@liugong.com; Tiffany, zhangtianyi@liugong.com