柳工：目前有13条电动产品线，覆盖装载机、挖掘机、平地机、路机、矿卡、叉车、高机等品类

Core Insights - The company, Liugong (000528.SZ), is experiencing rapid growth in the domestic electric loader penetration rate and is currently in a highly competitive environment characterized by "involution" [1] - Liugong is maintaining its leading profitability in the domestic market by upgrading its T-series products, enhancing product structure towards high-end offerings, and improving the gross margin of loaders through oil-electric combinations [1] - The company has established a first-mover advantage in the high-end electric market in Europe and regions like Southeast Asia and South Asia, achieving both volume and price growth while maintaining high gross margins and brand value [1] - Liugong is actively advancing core technologies in electric control, battery cells, and battery management systems, leading the formulation of multiple industry standards in electric construction machinery [1] - The company has 13 electric product lines covering various categories such as loaders, excavators, graders, road machines, mining trucks, forklifts, and high-altitude machines, having launched 110 electric products to achieve full-scene electrification and commercialization [1] - To ensure sales and profitability of electric products, Liugong is implementing strategies such as major customer marketing, scenario-based marketing, technological innovation, and comprehensive electric solutions, aiming to maintain its leading market position amid the electrification wave [1] Industry Context - The electric loader market is witnessing a significant increase in global sales, with a reported year-on-year growth of 193% in the first half of 2025, particularly notable in overseas electric products [3] - There is a growing market interest in the profitability of electric products compared to traditional fuel products, prompting inquiries about the company's strategies for ensuring sustainable profits from electric offerings [3]