SANY Group, a leading Chinese heavy equipment manufacturer, is making waves in the low-carbon sector. The company recently reported that its total revenue from electric products reached a whopping 3.146 billion yuan (US$434.78 million) in 2023. Not to mention, their hydrogen energy products also brought in 130 million yuan (US$17.97 million). Talk about impressive numbers, right?
So, what's driving SANY's success in this green revolution? Let's dive in and explore how SANY is not just keeping up but leading the charge in the low-carbon industry.
SANY isn't just dipping its toes into the low-carbon pool; they're diving in headfirst. Their new energy technology committee, established in 2021, is the brain behind this green transformation. This committee oversees everything from new energy technology development to patent layout and forward-looking tech R&D.
In 2023 alone, SANY launched over 130 new energy products. And we're not talking about just any products. They rolled out the world's first fully electric rotary drilling rig and a hydrogen energy mixing truck equipped with its self-developed fuel battery system. These innovations aren’t just meeting clients' low-carbon needs; they're also slashing full life cycle operation costs significantly. Now, that's what we call a win-win!
When it comes to innovation, SANY isn't holding back. They've been laying out their strategy in five major technology directions: battery cell technology, electric drive bridge technology, VCU centralized control platform, charging and battery switching stations, and fuel cell systems and control technology. It's a mouthful, but each area is crucial for their low-carbon mission.
In 2023, SANY secured 275 low-carbon patents and launched three integrated electric drive bridges for tractors, mixers, and dump trucks. These bridges cover a loading range of 11.5 to 16 tons, making them versatile and efficient. Thanks to these innovations, SANY's electric mixer trucks saw a 47 percent year-on-year increase in sales, maintaining the highest market share for three years straight. And let's not forget their electric cranes, which continue to lead the industry.
SANY's stronghold in the market isn't just about innovative products; it's also about strategic foresight. By focusing on independent and strategic cooperation, they've built a solid foundation for long-term success. Their electric mixer trucks and cranes are just the tip of the iceberg.
Looking ahead, SANY plans to strengthen its R&D capabilities even further. According to Xiang Wenbo, the rotating chairman of SANY Group, the company is committed to promoting 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," he says. This commitment will not only fuel the high-quality development of the Group but also accelerate industry transformation and contribute to global carbon neutrality goals.
So, what's next for SANY? With their eyes set on the future, SANY is poised to continue leading the industry in low-carbon development. Their innovative R&D and strong product portfolio give them a competitive edge that’s hard to beat.
But beyond the numbers and the tech, what's truly inspiring is SANY's commitment to a greener future. By investing in low-carbon technologies and sustainable practices, they're setting a new standard for the industry. And as the world grapples with the challenges of climate change, companies like SANY are showing us that a brighter, greener future is possible.
In conclusion, SANY leads the industry’s low-carbon development with a market volume of over US$400 million. Their innovative products, strategic foresight, and unwavering commitment to sustainability make them a true leader in this green revolution. As we look to the future, one thing is clear: with companies like SANY at the helm, the future is not just green; it's bright.
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