Wholly owned, Zoomlion set up 500 million new energy development company

It is reported that，Recently，Hunan Zoomlion New Energy Development Co., Ltd. was established，The legal representative is Sun Changjun.，The registered capital is RMB 500 million.，Its business scope includes power generation business.、Transmission business、Supply（Match）Electricity business；Hydroelectric power；Power generation technical services；Energy storage technology services；Research and development of emerging energy technologies。Shareholder information display，The company is wholly owned by Zoomlion Co., Ltd.。

The layout of Zoomlion in the field of new energy has long been traceable.，Up to the establishment of the new company，Zoomlion has released more than 50 new energy products.。In recent years, China's construction machinery main engine factories have begun to lay out the new energy construction machinery field.，For example, in addition to cooperating with upstream battery enterprises, Sany Group, the leading construction machinery industry,，In August this year, a new company was established.“Sany Lithium Energy”，Directly enter the lithium power and energy storage sector。

In addition，Xugong、Engineer Liu、Construction machinery enterprises such as Sunward Intelligence are also accelerating the international layout of electric products.，The Excavator has been successfully、Loader、Crane、New energy heavy Trucks and other electric products are introduced to overseas markets.。

There is a view in the industry that，The accelerated layout of construction machinery enterprises in the field of new energy is related to the cyclical fluctuation of the industry.。Since 2016，Construction machinery has started a period of growth lasting five years.。From mid-2021，AShares“Construction machinery”Plate continued to weaken，As of press time，From the highest point of 2235.50 down to 1385.81，Shrink by nearly half。The harsh market situation is forcing Chinese construction machinery enterprises to try to lay out in the new track.。

In addition，Policy guidance is also an important factor.。In order to guide construction machinery products to clean、Green、High-tech development，The Ministry of Industry and Information Technology has launched《Action Plan to promote the electrification of public sector Vehicles》，According to the plan，By 2035，China's public sector Vehicles will be fully electrified，Including the bus、City logistics Vehicle，Sanitation sweeper and so on.，Encourage conditional areas to support the research and development or operation of construction machinery electrification.。

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