Machinery / Industrial Parts & Tools

The Tianyancha APP shows that recently, Sany Lithium Energy Co., Ltd. was established with Yi Xiaogang as its legal representative and a registered capital of 100 million yuan. Its business scope includes battery spare parts production; battery manufacturing and sales; energy storage technology services; electric vehicle charging infrastructure operation, etc. Shareholder information shows that the company is jointly held by Liang Zaizhong, Changsha Sany Lithium Energy Enterprise Management Partnership (Limited Partnership), and Sany Group Co., Ltd.

It is worth mentioning that the transformation to electrification will be the core opportunity for Sany to achieve further leaps and bounds. Electrification has been elevated to the company's strategic level. The establishment of Sany Lithium Energy is an important measure for Sany's electrification to develop across borders. .

100 billion market scale, Sany throws a stepping stone

Nowadays, the entire new energy industry has entered the "fast lane", and both the new energy vehicle market and the energy storage market have burst into unprecedented popularity, which has also led to the rise of the lithium battery industry chain. Affected by the market demand, the upstream and downstream enterprises in the lithium battery industry chain have been accelerating their production expansion and layout.

Among them, the growth momentum in the field of lithium batteries is particularly significant. According to data from the Starting Point Research Institute (SPIR), global lithium battery shipments in 2021 will be 601GWh, a year-on-year increase of 140%. It is predicted that the next four years will be a period of rapid growth in the demand for lithium battery equipment.

The market size of lithium batteries is expected to further expand, and policy support is another major reason. In recent years, China has successively issued relevant policy documents to vigorously support the development of the lithium battery industry and downstream application markets, such as new energy vehicles and energy storage, creating a favorable development environment for the development of the lithium battery industry.

A large enough market plate has made more and more battery companies "give up", other industries are also eyeing, and market profits have attracted many companies to invest across borders. In the construction machinery industry, the main products currently have more than 8 million units, and maintain an annual growth rate of more than 400,000 units. There are many kinds of products. According to the average load of 100 kWh of electricity for a single product, it means that only 400,000 new units are added every year. The lithium battery required for sales of construction machinery products is as high as 40GWh.

As a leading construction machinery company, Sany has also aimed at this 100 billion market despite the competition among industry giants. The establishment of Sany Lithium Energy is a stepping stone for Sany to get a share of the pie.

Electrification has risen to a strategic height and seized the first-mover advantage

In 2021, Sany will firmly grasp the super technology window period brought about by the fourth industrial revolution and the third energy revolution, and elevate electrification to the company's strategic level. , charging and swapping stations, fuel cell systems and control technology, and other five major layouts, to fully develop electrification.

01. In the past year alone, Sany has launched 24 electric products, achieving full coverage of the industry;

02. As early as two years ago, Sany cooperated closely with Ningde Times to realize the independent development and strong alliance of three major items, including motor, electric drive and battery;

03. In April this year, Sany and Barry Technology reached a strategic cooperation and officially entered the power battery recycling sector;

04. On May 20, the Sany Power Exchange was officially released, and it takes 1.9 minutes for a bicycle to be exchanged, which greatly refreshes the industry's average power exchange speed;

In the field of electrification, three steps are taken to win, which has repeatedly caused industry sensations and achieved good results. At present, Sany has carried out technology development with Sandian as the core technology, and actively deployed the core components of the industrial chain, aiming to seize the first-mover advantage of the electrified track. The establishment of Sany Lithium Energy is an important step in it.

Strengthen the chain to supplement the chain, improve the quality and upgrade, witness the "ambition" of Sany

The construction machinery industry is in a downward adjustment cycle, and all walks of life are seeking new development paths. The existing supply chain system may also face huge gaps in the future. Insufficient effective production capacity may become a serious challenge for future industrial development. "Chain" has become the consensus of construction machinery enterprises.

In recent years, Sany has focused on increasing the investment in industrial chains such as wind photovoltaics, new energy heavy trucks, power batteries, and battery swaps, and forward-looking strategic deployments of the supply chain, so as to strengthen its construction machinery and heavy truck industries. Chain complement chain is of great significance.

This time, it is self-evident that Sany chose to "enter the market in person" for the lithium battery and energy storage business. The first is to resist the risk of resource interruption in the electrification sector, the second is to prevent price fluctuations in the supply chain, the third is to deeply participate in new technologies, and the fourth is to open up the upstream and downstream of the electric industry chain and deploy the ecological cycle of the entire industry chain.

This entry into the lithium battery and energy storage sector provides upstream industrial chain support for Sany’s electrification strategy, reducing production costs and reducing dependence on the market. It is an important path to support the electrification strategy to significantly reduce costs. After entering the new cycle of the industry, it has paved the way to participate in the global market wrestling, which is enough to witness Sany's ambition.

Although the market space is broad, due to the special usage scenarios of construction machinery products, electrified products have higher requirements on battery cycle life, charging speed, and stable current output. Therefore, for Sany, which has entered this field, it still faces many technical difficulties. However, with years of technical experience reserves, Sany Lithium's products may be more suitable for construction machinery products in the future, which will further accelerate the development of electrification.