#China #Shanghai #SANY Group #R&D Investments #SANY Heavy Industry

SANY Group Solidifies Its Position in the 2024 EU R&D Investment Report

On March 5, 2025, SANY Group, a prominent Chinese manufacturer of machinery and equipment, secured a notable spot in the latest European Union report on Research and Development (R&D) investments for 2024, known as the Global Innovation Leaders List. This recognition reinforces SANY's status as a global leader in innovation, especially in relation to its substantial investments in R&D that drive technological advancement.

Three of SANY's publicly listed subsidiaries—SANY Heavy Industry, SANY International, and SANY Renewable Energy—achieved impressive rankings of 313th, 863rd, and 1508th respectively. SANY Heavy Industry, in particular, has maintained its leadership role in China’s construction machinery sector due to its commitment to extensive R&D efforts.

The EU's annual report, which has been published since 2004, tracks innovation trends among the world’s top 2000 manufacturers. These companies collectively represent about 85% of global R&D investments, which amounted to approximately €1.26 trillion in 2023. Of the 579 Chinese firms included in the report, SANY Group demonstrated extraordinary technological capabilities, ranking 63rd, 207th, and 396th respectively in China's domestic R&D rankings. This achievement highlights the effectiveness of SANY's