Sany Heavy Industry has completely "stopped" the fuel vehicle business and increased the research and development of electrification equipment

Sany Heavy Industry has completely "stopped" the fuel vehicle business and increased the research and development of electrification equipment

Recently, Sany Heavy Industry announced that it had completely stopped its fuel vehicle business and concentrated its resources on the research and development and production of electrified equipment. This strategic adjustment not only marks the acceleration of the transformation of the engineering machinery industry toward greening, but also triggers widespread discussions in the industry on the application of new energy technology. The following are the structured data and analysis related to Sany Heavy Industry in popular topics across the network in the past 10 days.

1. Background of Sany Heavy Industry’s strategic adjustment

The background of Sany Heavy Industry's strategic adjustment this time mainly stems from the dual factors of policy-driven and market demand. According to the "14th Five-Year Plan for Industrial Green Development" issued by the Ministry of Industry and Information Technology, the proportion of new energy equipment needs to increase significantly by 2025. At the same time, the global trend of electrification of engineering machinery is becoming increasingly obvious, and Sany Heavy Industry hopes to seize the market opportunity through advance layout.

2. Market performance of electrification equipment

Sany Heavy Industry's investment in the field of electrification has begun to show results. According to public data, its sales of electric excavators, mixers and other products increased by more than 200% year-on-year in the third quarter of 2023. The following are the market performance of some products:

3. Industry competition pattern

Sany Heavy Industry's electrification transformation is not an isolated case, and its domestic and foreign competitors have also increased their investment in the new energy field. The following is a comparison of the electrification layout of major engineering machinery companies:

4. Future prospects

Sany Heavy Industry said that it will invest more than 10 billion yuan in the research and development of electrification technology in the next three years, with the goal of achieving an electrified product share of more than 50% by 2025. If this plan can be implemented smoothly, it will greatly enhance its competitiveness in the global engineering machinery market.

In addition, Sany Heavy Industry has reached strategic cooperation with several battery suppliers to ensure the stable supply of core components. Here is a list of its partners:

5. Summary

Sany Heavy Industry’s strategic decision to fully switch to electrification is not only an inevitable choice to respond to the country’s “dual carbon” goal, but also a key measure to seize the future market high ground. With the continuous maturity of new energy technologies, the green transformation of the construction machinery industry will usher in a new round of explosive growth. Whether Sany Heavy Industry can maintain its leading position in this wave is worthy of continuous attention.