NEARSUN Officially Launches as a Joint Venture Brand of Hangcha Group and LTMG Group

Nearsun, the joint venture brand of Hangcha Group and LTMG Group, officially launched in Xiamen and began full commercial operations.
On August 21, 2026, LTMG Group and Hangcha Group (603298.SH) officially launched their joint venture sub-brand, Nearsun, at a ribbon-cutting ceremony in Xiamen for Xiasheng Electromechanical Co., Ltd.

On August 21, 2026, LTMG Group and Hangcha Group (603298.SH) officially launched their joint venture sub-brand, Nearsun, at a ribbon-cutting ceremony in Xiamen for Xiasheng Electromechanical Co., Ltd.

Brand Philosophy: Listening Closely, Aiming High, and Empowering High-Quality Industry Growth

The name Nearsun carries a profound meaning and a clear mission. Composed of two core concepts—"Near" and "Sun"—it embodies the brand's unwavering commitment to deepening its roots in the industry and serving global customers: Near represents staying close to the market, delving into real operating conditions, accurately capturing core customer needs, and remaining customer-centric. Sun symbolizes growing toward the sun and pushing forward together, representing reliable product strength, stable long-term service capabilities, and a bright future.

Nearsun was established to align with major industry shifts. As global logistics and industrial sectors accelerate toward efficiency, sustainability, and intelligence, market demands—both domestically and internationally—are becoming increasingly segmented and diverse. Traditional standardized equipment can no longer meet personalized requirements across different operating environments and regions; customers now require scenario-based, integrated, full-lifecycle solutions.

Empowered by Dual Strengths: Building Core Competitive Advantages in Smart Manufacturing and Services

As the primary strategic platform for the deep collaboration between Hangcha Group and LTMG Group, Nearsun benefits from complementary strengths, establishing a dual-engine development model combining offline precision manufacturing with online full-domain services.

Hangcha Group contributes deep technical expertise, a mature R&D system, lean manufacturing processes, strict quality control standards, and a robust global supply chain, forging a reliable manufacturing foundation. LTMG Group leverages its R&D and manufacturing base in construction machinery, digital operational capabilities, global marketing experience, and overseas service networks, providing strong capabilities in digital marketing, customer acquisition, international expansion, and after-sales support.

Unified Quality Control and Standardized Co-Creation

To ensure high-quality operations from day one, both parties signed strict manufacturing and quality control agreements, establishing four core mechanisms: unified production standards, shared quality control sources, collaborative supply chain management, and continuous iterative optimization. All Nearsun products are manufactured in Hangcha Group's modern smart factories, utilizing Hangcha's mature production processes and quality control systems alongside LTMG Group's R&D technology and manufacturing expertise.

Anchoring Long-Term Strategy to Deepen Global Reach

At the event, Tinna, General Manager of Xasheng Electromechanical (Hangzhou) Co., Ltd., stated that Nearsun's launch is rooted in long-term strategic mutual trust and deep synergy between Hangcha Group and LTMG Group. Moving forward, the brand will focus on specialized global scenarios, maintain high standards for quality and service, and continuously optimize its product lineup. Standing at a new starting point, Nearsun will leverage the combined resource advantages of its parent companies to refine its product strengths, build a stable supply chain ecosystem, and improve its end-to-end global service system.