SHANGHAI: Leading Chinese heavy equipment manufacturer SANY Group has reported that its total revenue of electric products reached CN¥3.146 billion (US$434.78 million) in 2023, with hydrogen energy products achieving CN¥130 million (US$17.97 million) in revenue.
Considering the simultaneous transformation period of the fourth industrial revolution and third energy revolution, the global construction machinery industry is now going through an unprecedented window of opportunity for supertechnology development.
SANY has taken a head start in the low-carbon sector with its new energy technology committee, established in 2021, overseeing and managing the planning of new energy technology development, patent layout, forward-looking technology R&D and industry incubation.
In 2023, SANY launched more than 130 new energy products, including the world’s first fully electric rotary drilling rig, and hydrogen energy mixing truck equipped with its self-developed fuel battery system.
The green products and solutions not only meet the clients’ need for their low-carbon transformation, it also creates greater value through innovation that reduces full life cycle operation costs significantly.
To further elevate the group’s core competitive advantages in the low-carbon market, SANY has been laying out in five major technology directions through independent and strategic cooperation, including battery cell, electric drive bridge technology, VCU centralised control platform, charging and battery switching station, fuel cell system, and control technology.
Last year, SANY obtained 275 low-carbon patents and launched three integrated electric drive bridges for tractors, mixers, and dump trucks covering the loading range of 11.5 to 16 tonnes.
Leveraging strong product competitive advantages and innovative R&D capabilities, the sales of SANY’s electric mixer trucks increased by 47% year-on-year in 2023, maintaining the highest market share for three years consecutively, while the sales of electric cranes continue to lead the industry.
“Looking ahead, SANY will continue to strengthen our R&D capabilities and the core advantages of our products to promote green and sustainable development comprehensively.
“We’re rooted to lower carbon emissions at the source and throughout our operations to build a full-cycle green production chain that will be fueling the high-quality development of the Group, accelerate industry transformation and upgrading, and contribute to reaching carbon peaking and carbon neutrality goals,” said SANY Group Chairman Xiang Wenbo.
