Core Viewpoint - The engineering machinery industry is vital for infrastructure development, showcasing significant advancements in technology and sustainability at the recent BICES 2025 exhibition, with over a thousand exhibitors presenting innovative products and solutions [1][3]. Group 1: Digital Transformation - The industry is experiencing a digital transformation, with companies like LiuGong introducing smart mining solutions that enhance operational efficiency and safety through automation and electric machinery [4]. - LiuGong's large-scale smart green mining solution focuses on large-scale, electric, and intelligent operations, addressing the complex demands of mining environments [4]. - The integration of intelligent systems in engineering machinery has led to improved safety, efficiency, and reduced energy consumption [4]. Group 2: Electrification and Green Development - The engineering machinery sector is accelerating its transition towards electrification, driven by China's dual carbon strategy, with electric machinery gaining competitive advantages such as zero emissions and low noise [6][7]. - Companies like SANY are exploring electric and low-carbon solutions, achieving high energy efficiency in their electric systems, which can save significant operational costs compared to traditional diesel machines [7]. - By 2024, the penetration rates for electric lifting platforms and forklifts are projected to reach 92.5% and 73.6%, respectively, indicating a strong shift towards electric machinery [8]. Group 3: International Market Competitiveness - The recent exhibition attracted global buyers, highlighting the strong competitiveness of Chinese engineering machinery products in international markets, with companies expecting substantial orders from over 50 countries [9][10]. - Chinese engineering machinery firms are increasingly focusing on localized solutions to meet international standards, as seen in the export of large-diameter shield machines to Europe [10]. - From January to August this year, the industry recorded a trade surplus, with exports reaching $38.597 billion, reflecting a 11.4% year-on-year increase [11]. Group 4: Industry Growth and Future Outlook - The share of overseas revenue for A-share listed engineering machinery companies has surged from 11.38% in 2020 to 47.48% in 2024, indicating a significant shift towards international markets [11]. - The engineering machinery industry is expected to maintain a high level of export performance, supported by favorable macroeconomic policies and increasing international recognition of Chinese technology and products [11].

Core Insights - The engineering machinery industry is crucial for infrastructure development, showcasing significant vitality at the recently concluded BICES 2025 exhibition, with over a thousand exhibitors presenting advanced, green, and intelligent technologies and products [1] - The industry is undergoing a transformation towards digitalization, with companies like LiuGong and XCMG leading the way in smart and autonomous machinery, enhancing operational efficiency and safety [2][3] - The shift towards green development is evident, with electric machinery gaining traction, offering advantages such as zero emissions and lower operational costs [4][5] - The international competitiveness of Chinese engineering machinery is on the rise, with significant export orders and a growing share of overseas revenue for listed companies [6][8] Industry Trends - The BICES 2025 exhibition highlighted the achievements of the engineering machinery sector since the 14th Five-Year Plan, emphasizing the industry's focus on high-end, intelligent, and green development [1] - LiuGong's large-scale smart green mining solutions demonstrate the successful application of intelligent technology in complex operational scenarios, addressing the challenges of automation in mining [2] - The industry is projected to achieve revenues of 816.5 billion yuan in 2024, reflecting substantial technological advancements and modernization of the industrial chain [3] Green Development - The push for green transformation is accelerating, with electric machinery becoming a key trend, characterized by high efficiency and low maintenance [4] - SANY Group's innovations in electric machinery, such as a 65-ton electric excavator with a 96% efficiency rate, exemplify the industry's commitment to reducing operational costs and environmental impact [4][5] - The penetration rates for electric lifting platforms and forklifts are projected to reach 92.5% and 73.6%, respectively, indicating a strong shift towards electric solutions [5] International Expansion - The exhibition attracted global buyers, with companies reporting significant orders from over 50 countries, highlighting the strong international demand for Chinese engineering machinery [6] - The successful export of specialized equipment, such as the 12.49-meter diameter shield tunneling machine, showcases the industry's ability to meet international standards and requirements [7] - The overseas revenue share of A-share listed engineering machinery companies has surged from 11.38% in 2020 to 47.48% in 2024, underscoring the importance of international markets for growth [8]

Core Viewpoint - The article highlights the significant presence of LiuGong at the BICES 2025 exhibition, showcasing its commitment to high-quality development and innovation in the construction machinery industry through the launch of its large-scale intelligent green mining solutions [1][3][29]. Group 1: Exhibition Highlights - LiuGong is the largest exhibitor at BICES 2025, occupying nearly 5000 square meters and presenting over 40 machines under the theme "Wisdom · Green · Extending Human Power" [1][29]. - The launch of LiuGong's large-scale intelligent green mining solutions was marked by a ceremony attended by key industry leaders and government officials [4][5][7]. - The solutions focus on large-scale, electrification, and intelligence, addressing the dual carbon goals and providing replicable solutions for global mining [11][29]. Group 2: Technological Innovations - LiuGong's electric excavator, the 9135FE, features industry-first high-speed rail motor control technology and a 640kW permanent magnet synchronous motor [15]. - The DW120AE electric mining truck can achieve rapid recharging in 1.5 hours and has a downhill energy recovery efficiency that leads the industry by 9% [15]. - LiuGong's intelligent mining management system enables unmanned operations, integrating energy management effectively [15][23]. Group 3: Comprehensive Solutions - LiuGong emphasizes a "scene-based demand" approach, showcasing customized solutions across various operational scenarios, including energy storage, port logistics, and municipal maintenance [18][20]. - The company aims to provide full lifecycle services to customers, covering parts sales, technical support, remanufacturing, service training, leasing, and digital solutions [20][29]. Group 4: Industry Recognition - Industry leaders, including Xu Niansha and Su Zimeng, acknowledged LiuGong's achievements in technological innovation, industrial chain upgrades, and global expansion [10][29]. - LiuGong's commitment to high-quality development and its strategic focus on comprehensive solutions were reiterated by the company's leadership during the exhibition [8][29].