Policy catalysis plus 3 electricity technology, engineering machinery electrification has become a foregone conclusion
Against the backdrop of the country's implementation of the "dual carbon" goal, with the gradual maturity of "3-electric" technology, the manufacturing cost of electrification has been continuously reduced, as the means of production, the full life cycle cost of electrification has gradually decreased compared to fuel oil. It is attractive and economical, and the trend of electrification of construction machinery is getting closer. Sub-categories suitable for application scenarios such as closed and fixed working environments such as ports, urban construction, and mines have taken the lead in moving towards electrification, excavators and other mainstream engineering machinery electric Chemical demand is expected to grow rapidly between 2024 and 2025, and the demand for renewal and replacement is expected to support the demand of the domestic engineering machinery industry. At the same time, the rapid development of electrification is expected to highlight the product competitive advantages of domestic OEM manufacturers and will also help the global development of host companies.
Policy catalyzing plus 3 electricity technology is becoming more mature, and the construction machinery industry is expected to accelerate the process of electrification. In 2018, the Ministry of Ecology and Environment issued a technical policy for the prevention and control of non-road mobile machinery, encouraging new energy technologies such as hybrid power, pure electric power, and fuel cells. Application of non-road mobile machinery, give priority to the development of new energy generation of small and medium-sized non-road mobile machinery power devices, and gradually achieve ultra-low emissions and zero emissions. In 2020, the Ministry of Industry and Information Technology issued an action plan to promote the electrification of vehicles in the public sector, and promote engineering machinery Electromotion accelerates the transformation of the construction machinery industry to new energy. Therefore, in the context of the country achieving the "dual carbon" goal and building a new development pattern of dual circulation, as the domestic "3-electric" technology becomes mature, manufacturing costs continue to decrease, The full life cycle cost of the electrification of construction machinery may gradually become attractive and economical, and electrification has become one of the important directions for the green development of construction machinery.
