SANY Group's Green Revolution: Pioneering Low-Carbon Innovation in Construction Machinery Industry
Key Ideas
- SANY Group's total revenue from electric products in 2023 was 3.146 billion yuan, with hydrogen energy products contributing 130 million yuan.
- The company is at the forefront of low-carbon innovation with the launch of over 130 new energy products, including the world's first fully electric rotary drilling rig and hydrogen energy mixing truck.
- SANY has obtained 275 low-carbon patents and experienced significant sales growth in electric mixer trucks and cranes in 2023.
SANY Group, a leading Chinese heavy equipment manufacturer, has reported significant revenue from electric and hydrogen energy products in 2023. The company is embracing the transition towards low-carbon solutions in the construction machinery industry amidst the fourth industrial revolution and third energy revolution. With a focus on innovative R&D, SANY has launched a range of green products, including fully electric machinery and hydrogen energy solutions, to meet clients' sustainability needs and reduce operational costs. By investing in new energy technology development and obtaining numerous low-carbon patents, SANY is positioning itself as a pioneer in the market. The company's sales growth in electric vehicles, such as mixer trucks and cranes, demonstrates its success in driving the industry towards sustainability. Xiang Wenbo, rotating chairman of SANY Group, emphasizes the commitment to green and sustainable development, aiming to reduce carbon emissions and contribute to global carbon neutrality goals.