[Electric Construction Machinery Opens Up New Opportunities for Power Batteries] In 2024, the electrification penetration rate of construction machinery reaches a record high, especially in the following categories.
Aerial work platforms: The electrification penetration rate exceeds 90% in 2024.
Electric forklifts: The penetration rate surpasses 70% in H1 2024.
New energy concrete mixers: The penetration rate of new energy mixers exceeds 40% in H1 2024, showing a steady upward trend.
Electric loaders: Sales exceed 10,000 units in 2024, up 270% YoY, with a penetration rate over 10%.
New energy heavy-duty trucks: China's sales of new energy heavy-duty trucks are about 82,000 units in 2024, up 136% YoY.
Since 2024, China has accelerated the transformation and upgrading of the construction machinery industry through the promotion of standards. Focusing on electrification, intelligence, and green transformation, 20 new national standards have been released.
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