LIUGONG(SZ:000528) Zhong Guo Xin Wen Wang·2025-11-27 14:02Group 1 - The core viewpoint of the article highlights the significant advancements in electric construction machinery by LiuGong, showcasing its appeal to international customers and the potential for cost savings in operations [1][3][5] - LiuGong introduced a comprehensive electric product charging solution, which includes three main charging paths: mobile power supply, rapid battery swapping, and external power sources, aimed at enhancing energy supply flexibility [3][5] - The company has launched over 100 electric products, establishing a complete electric product matrix, and is advancing automation and artificial intelligence in its operations, including regular operations of unmanned electric loaders [3][5] Group 2 - LiuGong's overseas performance reached a historical high in the first three quarters of the year, with electric products being particularly popular in international markets, contributing to sustained growth in overseas business [5] - The Chinese construction machinery industry is facing intense competition, with overseas markets seen as a crucial avenue for growth. The industry has established advantages in the electric product supply chain, aligning with the accelerating trend of electrification in Western markets [5][6] - Data from the China Construction Machinery Industry Association indicates that from January to September 2025, China sold 174,039 excavators, marking an 18.1% year-on-year increase, with exports accounting for 48.4% of total sales [6]