Introduction
Fortescue and China’s XCMG have signed the largest green mining equipment deal in history. Announced in New York during the UN General Assembly, the agreement marks a milestone in the global transition to sustainable mining. This builds on their previous US$400 million zero-emission equipment deal at bauma CHINA 2024.
Signing the Landmark Agreement
Fortescue chairman Andrew Forrest and XCMG executives give a thumbs-up after signing the record-breaking fleet deal in New York, September 2025.
Fortescue’s Andrew Forrest and XCMG executives celebrate in New York. China’s largest-ever export order for green mining equipment was finalized in September 2025. For context on why Fortescue wins in China, see Why Fortescue is succeeding in China’s mining market.
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World’s Largest Electric Haul Truck Order
XCMG’s 240-ton battery-electric haul truck, part of Fortescue’s record order of up to 400 units, will be delivered between 2028 and 2030.
The deal covers up to 400 giant 240-ton battery-electric haul trucks. Deliveries will be phased between 2028 and 2030. If you’re comparing brands for ultra-large fleets, read our XCMG vs. Zoomlion comparison.
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Driving Fortescue’s Net Zero Vision
An open-pit mine where Fortescue aims to deploy zero-emission haul trucks as part of its Real Zero by 2030 target.
Fortescue is aiming for Real Zero by 2030 across its operations. These trucks will make up nearly half of its zero-emission fleet. See our practical guide to models and specs in 5 must-have Chinese large mining machines for Australia.
XCMG’s Global Green Breakthrough
XCMG showcases its latest heavy machinery at an international trade fair, underscoring its leadership in green mining equipment after securing the world’s largest EV fleet deal.
XCMG cements its status as a leader in green mining equipment. This record-breaking deal is worth billions — the largest EV deal in mining history. For hands-on sourcing steps and a case example, see Mining China: how Australian miners source trusted suppliers.
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A Global Stage for Decarbonization
A haul truck navigates a rugged landscape, symbolizing the global push toward sustainable mining as highlighted during the UN General Assembly in New York.
The announcement coincided with the UN General Assembly in New York. It highlights cross-border cooperation on decarbonization.
Building on Past Partnerships
XCMG and Fortescue previously signed a massive export deal at Bauma CHINA 2024, laying the foundation for today’s record-breaking fleet agreement.
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