Case New Holland Industrial Group Stops Sales of Construction Machinery and Equipment in China

London 1 December 2022 /PR Newswire/ Case New Holland Industrial Group announced that it would stop selling construction machinery and equipment in the Chinese market from December 31, 2022.。Case New Holland Industrial Group's sales of construction machinery in the Chinese market in 2021 will be about 8,$8 million，No significant expenses are expected to be incurred as a result of the cessation of sales of construction machinery and equipment.。

The decision is part of a global turnaround plan for the company's construction machinery division.。

Case New Holland Industries remains committed to its customers and distributors in China.，Will continue to provide service support for Case construction machinery and equipment on the market。

Other business activities of Case New Holland Industrial Group in the Chinese market are carried out normally.，Not affected by this decision。

Case New Holland Industrial Group（NYSE: CNHI /MI：CNHI）Is a world-class equipment and service company。In order to innovate、Sustainable and productivity-centered corporate mission——Under the impetus of breaking new ground，The company provides strategic direction for its global and regional brands.、R & D capacity and investment，Drive them to success.：In the global market，Case Agricultural Machinery and New Holland Agricultural Machinery offer 360°Full range of agricultural applications，From equipment to farm machinery to digital technologies that enhance their capabilities，Everything you need；Case Construction Machinery and New Holland Construction Machinery provide a full range of construction machinery products.，Promote the industry to improve productivity。Regional market brands include：Steyr，Farm Tractor； Raven，Digitization of agriculture、Leader in the development of precision technology and unmanned systems； Flexi-Coil，Agricultural implement system for tillage and seed；Miller，Plant Protection Machinery； Kongskilde，Provide farming、Sowing and grazing、Silage machinery； Eurocomach，Offers a wide range of small and medium size Excavators for the engineering industry，Including electric solutions。In a history spanning more than two centuries，Case New Holland Industrial Group has been a pioneer in the industry.，Continue to innovate with enthusiasm，Drive customer efficiency，Harvest success。As a truly global company，Case New Holland Industrial Group owns 37.,000 + employees，A pluralistic and inclusive corporate culture has been formed.，Focus on customer centricity，Support them to develop and build a better world。

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