Latest news with #Zoomlion
CNA
26-05-2025
- Business
- CNA
Commentary: Chinese EV trucks will build the cities of the future
SYDNEY: If you think the world is starting to get used to surging sales of Chinese-made electric cars, the next wave of exports is going to be bigger, and more powerful. That's because the construction machinery giants that grew fat off the country's property bubble are looking for new markets to offset the downturn at home. Combined with looming electrification, the effects could be quite as dramatic as the other Made-in-China export booms which have so troubled trading partners. Consider Sany Heavy Industry. In 2020, 83 per cent of its business was selling excavators, cranes, concrete mixers and the like to domestic developers. In the space of just four years, China's property crash has caused its turnover in that market to shrink by two-thirds. Overseas markets now account for more than 60 per cent of revenue. It's hoping to raise US$1.5 billion via a Hong Kong initial public offering to help it double international sales to 100 billion yuan (US$14 billion), the South China Morning Post reported this month. Sany isn't alone. Its local rivals XCMG Construction Machinery, Zoomlion Heavy Industry Science & Technology, and Guangxi LiuGong Machinery are all facing the same collapse of activity on the home front, where housing starts in the first four months of 2025 fell to their lowest level since 2003. That's left dismal returns on all the assets they built to service a market that's since disappeared – below 5 per cent, less than half what Caterpillar manages and well below the 7.7 per cent at Komatsu. EXPORTS AND ELECTRIFICATION The best way out of this problem is to find export markets to get the production lines for all those diggers, dozers, lifters and trucks humming again. Zoomlion's international sales have followed Sany's in becoming the largest element of its revenue, and XCMG and LiuGong aren't far behind. There's plenty of work to go around. In the Persian Gulf, governments are using the windfall from the oil boom of the early 2020s to build a swath of major infrastructure projects, from the Middle East's first Walt Disney theme park in Abu Dhabi to a new international airport in Riyadh and a US$22 billion five-year infrastructure plan for Qatar. Construction markets are also booming across South and Southeast Asia and in parts of Africa. China's export market share in major categories of work vehicles has soared in recent years. As with passenger cars, electrification offers a potent route for further disruption. Batteries are often considered an ill fit for construction machinery, which has extreme power needs that diesel is particularly well-placed to deliver. But that's changing as lithium-ion cell-makers build cheaper and longer-lasting power packs that can often keep running as long as an eight-hour work day, according to IDTechX, a consultancy. Electric construction equipment sales will grow at 21 per cent annually up to 2044, when they'll hit US$126 billion, IDTechX predicted last year. Chinese manufacturers have an advantage here. Local battery-makers CATL and BYD are market leaders in LFP, the cathode chemistry that's likely to be best-suited to site vehicles, thanks to its stability and low costs. Already, local construction machinery manufacturers produce about two-thirds of the electric bucket loader models on the market. RAISING THE DRAWBRIDGE INSTEAD OF COMPETING Circumspect governments should be looking at ways to outcompete this shift. Instead, they're raising the drawbridge. The European Union last month set tariffs as high as 67 per cent on Chinese construction machinery, while the UK has more recently imposed duties of more than 30 per cent on excavators made by Sany, Liugong and XCMG. The Indian joint venture between Tata Motors and Hitachi Construction Machinery last year called on New Delhi to raise levies against imported Chinese products, saying they'd already grabbed 22 per cent of the market. Things are even worse in the US, where the Trump administration is busy unpicking the heavy-duty vehicle emission standards introduced by former President Joe Biden. That removes much of the incentive for US-exposed manufacturers such as Caterpillar, Komatsu, Volvo and Deere & Co to innovate and compete with the coming onslaught. Work vehicles have tended to fly below the radar in discussions of urban emissions, but their vast size and power requirements give them a disproportionate share of engine pollution. China's 10 million construction machines emit more particulates than its 417 million road vehicles, according to the International Council on Clean Transportation. With low-emission zones spreading across cities worldwide and older diesel vehicles increasingly restricted on the roads of major cities such as London, Paris and Madrid, construction machinery is increasingly going to find itself in the crosshairs as one of the biggest contributors to urban pollution.
Korea Herald
20-05-2025
- Business
- Korea Herald
Zoomlion's Grand Debut at 2025 Changsha International Construction Equipment Exhibition Anchors Strong Momentum of Growth
CHANGSHA, China, May 20, 2025 /PRNewswire/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; has wrapped up a blockbuster exhibition at the 4 th Changsha International Construction Equipment Exhibition (CICEE 2025) which was held from May 15 to 18 in Changsha, China. At CICEE 2025, Zoomlion showcased over 100 units of advanced equipment from nine major product categories including hoisting, concrete, earthmoving, mining, aerial work, emergency equipment and more as well as groundbreaking solutions, leading the industry to a new peak of high-end, intelligent and green development. Zoomlion Chairman and CEO Zhan Chunxin attended multiple high-level activities during the exhibition and accompanied a delegation of African envoys to China to tour the company's exhibition zone, where he introduced the company's technological breakthroughs in high-end, intelligent, and sustainable development. As the CICEE 2025 opened, Zoomlion celebrated the delivery of three units of the 4,000-ton ZAT40000H, the world's largest tonnage all-terrain crane, which is Zoomlion's record-breaking benchmark creation leading the industry sector into a new era of mega tonnage. It's widely recognized in the market for strong lifting performance, flexible driving and site transfer, convenient and efficient operation, and addressing the exact pain points of wind turbine installation and construction. On May 17, Zoomlion also unveiled another world record - the world's tallest 216-meter wind energy luffing tower crane LW2800A-200NA, specially developed for ultra-height wind power projects. With outstanding lifting capability, low site requirements, high efficiency, strong wind resistance, and ease of transport and dismantling, the crane is well suited to diverse terrains, including farmlands, hills, swamps, and plateaus. Zoomlion also hosted a new product launch event for its intelligent mining machinery portfolio, revealing 23 models including mining excavators, mining trucks, loaders, bulldozers and crushing and screening equipment as well as 15 premium large-scale, electrified, unmanned mining products, all developed in response to the industry's growing demand for large-scale and high-efficiency mining machinery. Key products include the world's largest 300-ton hybrid electric dump truck, the industry-leading 400-ton super-large mining hydraulic excavator ZE4000G, and the world's first 100-ton mining wide-body dump truck. Zoomlion's equipment is widely used in construction projects worldwide, delivering stable performance and adaptability in challenging environments such as extreme temperatures, strong winds, and marine conditions. Looking ahead, the Company aims to accelerate the development of smarter, greener infrastructure across global markets.
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Zoomlion's Grand Debut at 2025 Changsha International Construction Equipment Exhibition Anchors Strong Momentum of Growth
CHANGSHA, China , May 20, 2025 /CNW/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; has wrapped up a blockbuster exhibition at the 4 th Changsha International Construction Equipment Exhibition (CICEE 2025) which was held from May 15 to 18 in Changsha, China . At CICEE 2025, Zoomlion showcased over 100 units of advanced equipment from nine major product categories including hoisting, concrete, earthmoving, mining, aerial work, emergency equipment and more as well as groundbreaking solutions, leading the industry to a new peak of high-end, intelligent and green development. Zoomlion Chairman and CEO Zhan Chunxin attended multiple high-level activities during the exhibition and accompanied a delegation of African envoys to China to tour the company's exhibition zone, where he introduced the company's technological breakthroughs in high-end, intelligent, and sustainable development. As the CICEE 2025 opened, Zoomlion celebrated the delivery of three units of the 4,000-ton ZAT40000H, the world's largest tonnage all-terrain crane, which is Zoomlion's record-breaking benchmark creation leading the industry sector into a new era of mega tonnage. It's widely recognized in the market for strong lifting performance, flexible driving and site transfer, convenient and efficient operation, and addressing the exact pain points of wind turbine installation and construction. On May 17 , Zoomlion also unveiled another world record - the world's tallest 216-meter wind energy luffing tower crane LW2800A-200NA, specially developed for ultra-height wind power projects. With outstanding lifting capability, low site requirements, high efficiency, strong wind resistance, and ease of transport and dismantling, the crane is well suited to diverse terrains, including farmlands, hills, swamps, and plateaus. Zoomlion also hosted a new product launch event for its intelligent mining machinery portfolio, revealing 23 models including mining excavators, mining trucks, loaders, bulldozers and crushing and screening equipment as well as 15 premium large-scale, electrified, unmanned mining products, all developed in response to the industry's growing demand for large-scale and high-efficiency mining machinery. Key products include the world's largest 300-ton hybrid electric dump truck, the industry-leading 400-ton super-large mining hydraulic excavator ZE4000G, and the world's first 100-ton mining wide-body dump truck. Zoomlion's equipment is widely used in construction projects worldwide, delivering stable performance and adaptability in challenging environments such as extreme temperatures, strong winds, and marine conditions. Looking ahead, the Company aims to accelerate the development of smarter, greener infrastructure across global markets.
Yahoo
20-05-2025
- Business
- Yahoo
Zoomlion's Grand Debut at 2025 Changsha International Construction Equipment Exhibition Anchors Strong Momentum of Growth
CHANGSHA, China, May 20, 2025 /CNW/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; has wrapped up a blockbuster exhibition at the 4th Changsha International Construction Equipment Exhibition (CICEE 2025) which was held from May 15 to 18 in Changsha, China. At CICEE 2025, Zoomlion showcased over 100 units of advanced equipment from nine major product categories including hoisting, concrete, earthmoving, mining, aerial work, emergency equipment and more as well as groundbreaking solutions, leading the industry to a new peak of high-end, intelligent and green development. Zoomlion Chairman and CEO Zhan Chunxin attended multiple high-level activities during the exhibition and accompanied a delegation of African envoys to China to tour the company's exhibition zone, where he introduced the company's technological breakthroughs in high-end, intelligent, and sustainable development. As the CICEE 2025 opened, Zoomlion celebrated the delivery of three units of the 4,000-ton ZAT40000H, the world's largest tonnage all-terrain crane, which is Zoomlion's record-breaking benchmark creation leading the industry sector into a new era of mega tonnage. It's widely recognized in the market for strong lifting performance, flexible driving and site transfer, convenient and efficient operation, and addressing the exact pain points of wind turbine installation and construction. On May 17, Zoomlion also unveiled another world record - the world's tallest 216-meter wind energy luffing tower crane LW2800A-200NA, specially developed for ultra-height wind power projects. With outstanding lifting capability, low site requirements, high efficiency, strong wind resistance, and ease of transport and dismantling, the crane is well suited to diverse terrains, including farmlands, hills, swamps, and plateaus. Zoomlion also hosted a new product launch event for its intelligent mining machinery portfolio, revealing 23 models including mining excavators, mining trucks, loaders, bulldozers and crushing and screening equipment as well as 15 premium large-scale, electrified, unmanned mining products, all developed in response to the industry's growing demand for large-scale and high-efficiency mining machinery. Key products include the world's largest 300-ton hybrid electric dump truck, the industry-leading 400-ton super-large mining hydraulic excavator ZE4000G, and the world's first 100-ton mining wide-body dump truck. Zoomlion's equipment is widely used in construction projects worldwide, delivering stable performance and adaptability in challenging environments such as extreme temperatures, strong winds, and marine conditions. Looking ahead, the Company aims to accelerate the development of smarter, greener infrastructure across global markets. View original content to download multimedia: SOURCE Zoomlion View original content to download multimedia: Sign in to access your portfolio
Cision Canada
20-05-2025
- Business
- Cision Canada
Zoomlion's Grand Debut at 2025 Changsha International Construction Equipment Exhibition Anchors Strong Momentum of Growth
CHANGSHA, China, May 20, 2025 /CNW/ -- Zoomlion Heavy Industry Science & Technology Co., Ltd. ("Zoomlion"; has wrapped up a blockbuster exhibition at the 4 th Changsha International Construction Equipment Exhibition (CICEE 2025) which was held from May 15 to 18 in Changsha, China. At CICEE 2025, Zoomlion showcased over 100 units of advanced equipment from nine major product categories including hoisting, concrete, earthmoving, mining, aerial work, emergency equipment and more as well as groundbreaking solutions, leading the industry to a new peak of high-end, intelligent and green development. Zoomlion Chairman and CEO Zhan Chunxin attended multiple high-level activities during the exhibition and accompanied a delegation of African envoys to China to tour the company's exhibition zone, where he introduced the company's technological breakthroughs in high-end, intelligent, and sustainable development. As the CICEE 2025 opened, Zoomlion celebrated the delivery of three units of the 4,000-ton ZAT40000H, the world's largest tonnage all-terrain crane, which is Zoomlion's record-breaking benchmark creation leading the industry sector into a new era of mega tonnage. It's widely recognized in the market for strong lifting performance, flexible driving and site transfer, convenient and efficient operation, and addressing the exact pain points of wind turbine installation and construction. On May 17, Zoomlion also unveiled another world record - the world's tallest 216-meter wind energy luffing tower crane LW2800A-200NA, specially developed for ultra-height wind power projects. With outstanding lifting capability, low site requirements, high efficiency, strong wind resistance, and ease of transport and dismantling, the crane is well suited to diverse terrains, including farmlands, hills, swamps, and plateaus. Zoomlion also hosted a new product launch event for its intelligent mining machinery portfolio, revealing 23 models including mining excavators, mining trucks, loaders, bulldozers and crushing and screening equipment as well as 15 premium large-scale, electrified, unmanned mining products, all developed in response to the industry's growing demand for large-scale and high-efficiency mining machinery. Key products include the world's largest 300-ton hybrid electric dump truck, the industry-leading 400-ton super-large mining hydraulic excavator ZE4000G, and the world's first 100-ton mining wide-body dump truck. Zoomlion's equipment is widely used in construction projects worldwide, delivering stable performance and adaptability in challenging environments such as extreme temperatures, strong winds, and marine conditions. Looking ahead, the Company aims to accelerate the development of smarter, greener infrastructure across global markets.
