China is speeding up the electrification of construction machinery

- Oct 25, 2020-

The country is speeding up the electrification of construction machinery, what is the market prospect of pure electric construction machinery?

Recently, the website of the Ministry of Industry and Information Technology released a letter on the response to Proposal No. 1535 of the third meeting of the 13th National Committee of the Chinese People’s Political Consultative Conference. It mentioned: The Ministry of Industry and Information Technology will jointly issue and implement the Action Plan to Promote the Electricity of Public Vehicles and accelerate the project Motorized machinery and heavy trucks. The implementation of this national policy has attracted great attention from the construction machinery industry!

Suggestions on the promotion and application of demonstration projects:

As the energy-saving and emission reduction situation of construction machinery products is more severe, the state has compiled the Action Plan for Promoting the Electricity of Vehicles in the Public Domain, which has focused on deployment of pilot applications. One is to promote the promotion and application of new energy heavy trucks. The second is to carry out pilot projects for fully electrified cities in key regions, and the third is to accelerate the development of pure electric construction machinery to achieve the goal of reaching more than 55% of electric forklifts during the "14th Five-Year Plan" period, and actively promote the application of lithium power batteries to further reduce costs and improve life. In the next step, the "Action Plan for Promoting the Electrification of Public Vehicles" will be issued and implemented in conjunction with relevant departments to accelerate the electrification of construction machinery and heavy trucks.

The Ministry of Transport continues to increase the promotion and application of new energy, focusing on ports and urban public transport. In the next step, we will continue to support enterprises to strengthen technical and economic demonstrations, carry out demonstration and pilot applications of electric machinery and heavy trucks, and summarize experience for timely promotion.

In the next step, the Ministry of Ecology and Environment will accelerate the application and promotion of electrification of heavy trucks and construction machinery, strengthen comprehensive supervision and management, and promote the healthy development of the industry.

Accelerating the gradual advancement of the policy of electrification of construction machinery and heavy trucks is bound to cause a new round of technological changes in the construction machinery industry, and a wave of electrification of construction machinery has officially hit!

How big is the "plate" of the construction machinery electrification market?

In the structure of construction machinery products, excavators, loaders and cranes are the three largest products in the market, and there is a greater demand for lithium batteries. It is a priority area for lithium battery companies for construction machinery.

At present, the number of domestic construction machinery main products has exceeded 8 million units, and the annual growth rate is over 400,000. There are many kinds of products, and the charged electricity is concentrated in 100-300 kWh. According to the calculation of an average of 100 kilowatt-hours of electricity for a single product, it means that the demand for lithium batteries brought by only 400,000 new construction machinery products each year has reached 40GWh.

Due to the large power consumption of construction machinery, the average installed capacity of single lithium batteries will be about 5 times that of ordinary new energy vehicles. According to the 30% lithium penetration rate in the next 5 years, it is estimated that 30GWh of lithium batteries will be needed, and the market prospect is huge.

The market is large enough, which has also allowed more and more manufacturers to enter the field of construction machinery electrification.

With the gradual advancement of the policy of the Action Plan to Promote the Electricity of Vehicles in the Public Domain, the trend of environmental protection has become more stringent, and the development of construction machinery to more environmentally friendly electrification is the general trend. This will certainly allow more construction machinery companies to extend their "hands" to the electrification of construction machinery. It is hoped that Zoomlion, Sany, Xugong, Liugong and other enterprises will continue to practice technological innovation, promote the green and intelligent upgrade of products, and contribute new forces to the green and sustainable development of the industry.

The pace of electrification of construction machinery from reality to practice is coming at a speed beyond imagination!

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