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CONSTRUCTION INDUSTRIES
- Grew services through integrated commercial offerings and achieved double-digit growth in eCommerce sales to users compared to 2021
- Expanded the number of new and certified used machines delivered with a Customer Value Agreement
- Enhanced Cat Certified Rebuild growth, driving sustainable solutions for end customers
- Announced the development of four battery electric Cat machine prototypes and launched the first SEM electric wheel loader in China
- Continued investment in automation and expansion of Cat Command technologies
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RESOURCE INDUSTRIES
- Grew services with expanded offerings focused on improving customers’ fleet performance and uptime
- Expanded autonomy leadership by scaling to quarry and aggregates applications
- Signed definitive agreements with mining customers to support their energy transition goals
- Demonstrated Caterpillar’s first battery electric mining truck prototype and began transformation of the U.S.-based Tucson Proving Ground into a sustainable testing and validation hub of the future
- Launched Caterpillar’s first battery electric underground loader
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ENERGY & TRANSPORTATION
- Grew services with a strategic focus on digital touchpoints, condition monitoring, integrated services offerings and expanding remanufacturing options
- Formed the Electrification & Advanced Power Solutions Division focused on the creation of modular and scalable advanced power sources and electrified drivetrain product lines
- Invested in Lithos Energy, which specializes in designing, engineering and manufacturing shock-resistant and high-performance lithium-ion battery solutions for applications including off-road and marine
- Acquired Tangent Energy Solutions, adding complementary energy-as-a- service capabilities to Caterpillar’s broad portfolio of electric power products
- Announced key collaboration agreements with Chevron to deliver a turbine demonstration unit running on 50% hydrogen blended with natural gas and with Damen shipyards to develop a methanol-ready tug
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1 Segment represents the three primary segments: Construction Industries, Resource Industries and Energy & Transportation.
2 Includes inter-segment sales.