Core Viewpoint - The demand for electric shoveling equipment in the mining industry is increasing due to the "dual carbon" goals, characterized by a rise in total demand and higher technical requirements [1][2]. Demand Growth - The demand for electric shoveling equipment is continuously increasing, driven by the ongoing development of global mineral resources and the "dual carbon" goals. The market size for shoveling machines in China is approximately 12 billion RMB in 2023, expected to exceed 15 billion RMB by 2025, with an average annual growth rate of around 8%. The penetration rate of electric shoveling machines was about 15% in 2023, projected to rise to 30% by 2025 and potentially exceed 50% by 2030 [2]. New Energy Mineral Development - The rapid development of the new energy industry has significantly increased the demand for the extraction of lithium, cobalt, and other new energy minerals, becoming a new growth point for electric shoveling equipment. The share of new energy mineral development in the demand for electric shoveling equipment has increased from 12% in 2020 to 18% in 2023, and is expected to exceed 30% by 2030 [4]. Underground Mining Demand - The demand for underground electric shoveling equipment is growing significantly due to the continuous release of demand for deep mineral resource development. The share of underground shoveling machines in the overall market has increased from 32% in 2018 to 41% in 2022 [6]. Environmental Requirements - The enhancement of environmental awareness and the promotion of green mining construction are driving mining companies to reduce carbon emissions. Electric shoveling equipment, with its zero emissions and low noise advantages, effectively improves the working environment in mines and is increasingly favored by mining enterprises [8]. Intelligent Demand - As technology advances, the mining industry is requiring higher levels of intelligence in electric shoveling equipment. With the help of IoT, big data, and artificial intelligence, electric shoveling equipment will achieve functions such as remote monitoring, fault warning, and autonomous driving, improving operational efficiency and safety [11].