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China's Construction Machinery Industry Embraces Unprecedented Opportunities Amid Global Push for Carbon Neutrality

With the global momentum toward carbon neutrality accelerating, China's construction machinery industry is experiencing historic development opportunities. According to the latest data from the China Construction Machinery Industry Association, the industry's operating revenue is projected to exceed 1.2 trillion yuan in 2024. Notably, intelligent and new energy equipment will account for 35% of that figure—an 8% increase over the previous year. As a vital component of infrastructure development, the wheel loader sector is undergoing transformative changes.

Policy Support Fuels Industrial Upgrades

In October 2024, the Ministry of Industry and Information Technology, in collaboration with eight other government departments, released the Action Plan for High-Quality Development of the Construction Machinery Industry (2024–2027). The plan outlines a target: by 2027, new energy construction machinery should represent over 40% of the total market. Simultaneously, the Ministry of Ecology and Environment has fully enforced National Stage IV emission standards for non-road mobile machinery and aims to introduce Stage V standards by 2026. These initiatives clearly define the industry’s future direction: smart technology, green energy, and global expansion.

Jiangsu Shangqi Heavy Industry Leads with Innovation and Alignment.

As a key player in the field, Jiangsu Shangqi Heavy Industry Technology Co., Ltd. has proactively aligned with national policy goals. The company has increased its R&D investment to 6.8% of total revenue, concentrating on advancements in new energy and intelligent machinery—perfectly in step with China's dual carbon objectives.

Technological Innovation as a Competitive Edge

Founded in 2002, Shangqi Heavy Industry has evolved over the past 23 years into a national high-tech enterprise, operating a 250,000-square-meter modern manufacturing base. According to the company’s latest financial report, its R&D team now includes 150 members and holds more than 192 patents—over 30% of which are invention patents.

The company’s recently launched fifth-generation intelligent loaders stand out for their advanced capabilities. These machines are equipped with a proprietary smart control system that enables features like remote monitoring and automatic obstacle avoidance. Powered by an efficient National IV-compliant engine, they reduce energy consumption by 15% and noise levels by 20%. Optional lithium-ion battery systems allow for zero-emission operation. “Our smart loaders have been successfully deployed in several large-scale infrastructure projects, improving operational efficiency by over 25%,” the company reports.

Accelerating Global Expansion

As the Belt and Road Initiative enters its second decade, China’s construction machinery exports are surging. Customs data shows that in 2024, exports of Chinese wheel loaders grew by 18.6% year-over-year. Shangqi Heavy Industry’s overseas business saw a remarkable 35% increase, significantly outperforming the industry average.

To support its international strategy, Shangqi has established agency networks in Southeast Asia, the Middle East, Africa, Europe, Canada, Poland, the Netherlands, and more. Its products meet global quality standards, having secured CE and EPA certifications, ensuring full compliance with the requirements of premium markets such as Europe and North America.

Strengthening Supply Chain and Manufacturing Capabilities

On the supply chain front, Shangqi has formed strategic partnerships with over 30 key domestic suppliers, achieving a localization rate of more than 85% for core components. Furthermore, a 500 million yuan investment in a state-of-the-art intelligent factory is set to come online by the end of 2025. Once operational, it will boost production capacity by 40% and reduce energy consumption per unit of output by 12%.

Experts from the China Construction Machinery Industry Association highlight the company's "technology + market" dual-engine model as a benchmark for the industry. Looking ahead, Shangqi is committed to the path of green and intelligent development, aiming to cut carbon emissions by 30% by 2027 while delivering high-performance machinery solutions to global customers.

Shaping the Future Under the Made in China 2025 Strategy

As the Made in China 2025 initiative continues to deepen, leading companies like Jiangsu Shangqi Heavy Industry are leveraging innovation to write a new chapter on the global stage. Through technological advancement and international collaboration, Chinese construction machinery is poised for a smarter, greener, and more sustainable future.  Contact us