In China this year, green construction machinery is seeing rapid growth, and demand across multiple scenarios is becoming unmistakable. EVE Energy is delivering full-scenario solutions for earthmoving equipment, aerial work platforms and specialized machinery. After six years of shipments in the construction-machinery segment, EVE Energy now ranks second nationwide; individual vehicles have logged more than 16,000 operating hours, and the company’s products are fitted to over 60 OEMs including LiuGong, SANY and Lingong.
According to data from the Construction Machinery Association, domestic sales of new-energy construction equipment are expected to surpass one million units by 2028, and the incremental market for green machinery is opening up rapidly—yet pain points remain: bulky batteries, short cycle life and complex assembly.
EVE Energy’s Huang Xiaobin noted that the company leverages cutting-edge battery innovations to precisely solve these application challenges under tough operating conditions. Its high-performance battery solutions significantly boost equipment efficiency, runtime and safety while cutting full-life-cycle operating costs, accelerating the sector’s march toward efficient, low-carbon and sustainable development.
Source: Finance Sina Read The Article
PSR Analysis: This year is seen by China’s construction industry as the “Year of Electrification,” and is expected to see penetration leap to 20–25 % with sales of around 120, 000 units and new-energy machines topping 1 million by 2028.
Government policies have shifted from incentives to mandates, and dozens of cities are banning sub-China-IV equipment from urban job sites, forcing a replacement wave. Battery prices have fallen 15–20% in three years while energy density has risen 20%. Coupled with fast-charge, swap and CTB highly integrated packs, the total-cost-of-ownership payback has been improved by two years.
Penetration is following a “small-first, large-later” strategy: forklifts >60%, mini-excavators 20%, wheel loaders 30%, heavy mining trucks <5%, with swap and hydrogen solutions set to unlock the upper-weight segment after 2027. More than 90% of the value chain is now domestic—CATL, EVE Energy, BYD, SVOLT, Xingyi Technology, TELD and others forming a full ecosystem—lifting Chinese brands’ global share from 20% to an expected 40%.
Policies are setting required hard targets for 2025 use of ≥10% of new or renewed construction machines of zero-emission and 80% of public projects in key regions are to be zero-emission equipment. A central 2.5% interest rebate on equipment-upgrade loans, plus local subsidies of RMB 300–500k for every electric excavator, erases roughly 30% of the purchase-price gap.
On the technology side, LFP+CTP/CTB packs deliver >180 Wh/kg, 6,000 cycles and 80% capacity at –30°C; EVE and SVOLT’s 800V platforms recharge to 80% in 15 min. Sany and XCMG’s 5-minute whole-pack swap is already in volume use, raising daily utilization by 8–10%.
XCMG’s 120kW hydrogen wheel loader runs 8h and refuels in 5min, with a 2026 system-cost target of RMB800/kW. In the market, assuming 2,000 operating hours/year and RMB0.7/kWh electricity, a 5-tonne electric loader saves RMB280k over three years versus diesel, paying back in 1.8 years.
“Battery rental + pay-per-hour” schemes from Sany and Zoomlion cut the down-payment by 40%, speeding SME adoption. Meanwhile, Southeast Asia and the Middle East are demanding electric mini excavators at 50% annual growth; Chinese makers, leveraging cost advantages, have captured 70% of those export orders, creating a new outlet for capacity. PSR
Jack Hao is Senior Research Manager – China for Power Systems Research
