On November 4 local time, Zoomlion and Deutsche Bank officially signed a strategic cooperation agreement in Bad Homburg, Germany. The two parties will jointly establish a cash pool, comprehensively deepen financing business cooperation in the European market, and actively expand third-party financial business, injecting a strong "financial engine" into Zoomlion's development in Europe.

According to the cooperation agreement and plans, the two parties will start from Germany and gradually expand to more than 20 European countries including France, Spain, Italy, and Portugal. In the initial phase, the cooperation will use Zoomlion's aerial work machinery products as a pilot, and will subsequently expand to the full product lines including concrete machinery, earthmoving machinery, construction cranes, and engineering cranes, with a plan for the penetration rate of European financial business to exceed 85% by 2026.

△On November 4, Zoomlion and Deutsche Bank signed a cooperation agreement in Bad Homburg, Germany.

It is understood that the cooperation partner Deutsche Leasing AG is affiliated with Sparkassen-Finanzgruppe, Europe's largest financial system, and enjoys strong funding and credit support as a leading equipment financing and leasing institution in Germany. Zoomlion is its only engineering machinery manufacturer partner in Asia. The two parties will rely on Deutsche Leasing's financial network and professional capabilities to add "financial wings" to the expansion of Zoomlion's major product lines in the European market.

After the signing ceremony, Dr. Yan Xin, Deputy General Manager of Zoomlion's Financial Business Department, was invited to attend Deutsche Bank's "Global Partner Scheme Summit" and shared Zoomlion's development history, main product lines, and overseas market strategy at the meeting. Deutsche Bank's general managers from various countries attending the meeting expressed their expectation to deepen cooperation with Zoomlion in more regions around the world and achieve mutual benefit and win-win results.

△Dr. Yan Xin, Deputy General Manager of Zoomlion's Financial Business Department, sharing and exchanging views with Deutsche Bank's general managers from various countries.

This cooperation will not only help Zoomlion quickly respond to European customers' financing and leasing needs, accelerate sales conversion, and improve market response speed, but also, through the cash pool mechanism, further support cooperation with third-party institutions in Europe. This means that Zoomlion will upgrade from an equipment supplier to a comprehensive solution provider of "equipment + finance," providing all-round financial empowerment to European customers and partners and opening up new growth points.

At the same time, with the professional capabilities of Deutsche Bank in global financial markets, Zoomlion will further optimize the capital structure of overseas assets, improve capital utilization efficiency, and strengthen its credit and risk control capabilities in the European market, safeguarding sustainable and steady operations.

In recent years, Zoomlion has continued to advance its globalization strategy, making comprehensive efforts in R&D going global, manufacturing going global, supply chain going global, products going global, services going global, and talent going global. This strategic partnership with Deutsche Bank is not only important progress in Zoomlion's financial services going global and deepening its layout in the European market, but also lays a solid foundation for the company to build a new pattern of integrated "industry + finance" development globally, further helping the company achieve leapfrog development in its overseas business.