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LIUZHOU, China, Jan. 2, 2025 /PRNewswire/ -- From pioneering practices to impactful collaborations, LiuGong (000528.SZ) has consistently demonstrated its dedication to a sustainable future. Recently, LiuGong celebrated the first anniversary of the Green Alliance, marking a year of significant sustainability efforts and reaffirming its commitment to ongoing sustainable development.
Advancing Sustainability with Green Alliance
At the end of 2023, LiuGong made a significant move towards sustainability by forming the Green Alliance in collaboration with its key clients, distributors, and several non-profit organizations. This initiative aims to allocate a portion of the annual sales revenue from LiuGong's electric products to philanthropic projects in Africa, reinforcing its commitment to social responsibility.
In May 2024 , the Green Alliance reached a milestone with the launch of a water well charity project in South Africa. This project introduced Africa's first electric earth-moving machinery. By August, LiuGong completed the first phase of the project in Mabeskraal, South Africa. A 150-meter-deep well equipped with a solar-powered pump now provides clean water to over 25,000 households.
Beyond the Green Alliance, LiuGong's commitment to sustainability is evident in its efforts in other aspects.
Pioneering Green Intelligent Manufacturing with Electrification Initiative
LiuGong has advanced the research and development of electric equipment technology and product electrification. A dedicated research institute provides technical support and promotes the industrialization of components, building an industrial ecosystem. So far, LiuGong's electric product line encompasses 11 categories with diverse power options, fostering a green ecosystem. With over 6,500 units sold worldwide, it reduced carbon emissions by 330,000 tons, equivalent to planting over 18 million trees. Throughout 2023, LiuGong has championed global electrification, with over 10% of its monthly international sales being electric products, significantly cutting the 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 various energy replenishment facilities launched. Significant achievements in intelligent technology include the deployment of autonomous loaders and rollers in mines and highways, achieving precise scheduling and management, effectively reducing costs, and increasing efficiency.