#China #Shanghai #SANY Group #SANY Heavy Industry #SANY Renewable Energy

SANY Group's Stellar Rise in EU R&D Rankings

SANY Group, one of China's foremost engineering equipment manufacturers, has garnered international recognition for its outstanding commitment to research and development (R&D). According to the recently released 2024 EU Industrial R&D Investment Scoreboard by the European Commission, SANY has made significant strides, placing three of its subsidiaries — SANY Heavy Industry, SANY International, and SANY Renewable Energy — among the top global leaders in innovation.

A Closer Look at the Rankings

In the 2024 scoreboard, SANY Heavy Industry is positioned as the 313th globally, followed closely by SANY International at 863rd and SANY Renewable Energy at 1,508th. This advancement underscores the company's strategic investments in R&D, which have allowed it to maintain its status as a leader in the Chinese construction machinery sector. The scoreboard itself is a prestigious annual report published since 2004, tracking innovation trends among the world's top 2,000 manufacturers, who collectively represent 85% of global R&D investment — approximately 1.26 trillion euros in 2023.

Singapore stands out in this context with 579 Chinese firms making it to this list, solidifying SANY's position as a technology powerhouse. Particularly notable is how SANY Heavy Industry has achieved a rank of 63rd in China for its R&D investments, SANY International at 207th, and SANY Renewable Energy at 396th, showcasing a consistent focus on advancing technology.

Investment in Innovation

In 2023 alone, SANY allocated approximately $810 million (equivalent to 5.865 billion yuan) towards R&D. This substantial investment is directed towards pioneering advancements in renewable energy equipment, intelligent construction systems, and enhancing their global product offerings. During the year, SANY was awarded 1,533 patents, with more than 55% attributed to new inventions, indicating a robust innovative ethos.

In line with China’s dual carbon goal of achieving peak carbon emissions and carbon neutrality, SANY Group's commitment to green technology has seen remarkable milestones. The company has accelerated the deployment of electric concrete mixers and hydrogen-powered mining trucks, alongside developing low-emission equipment that sets new benchmarks for the industry. Notably, SANY has launched the world’s first 5G remote-controlled excavator and unmanned roller fleets, reflecting a transformative approach to machinery.

Global R&D Network

SANY's R&D framework is expansive, spanning 12 countries and regions, including China, the USA, Germany, and India, enabling global collaborative innovation 24/7. Industry analysts suggest that SANY's commitment to maintaining R&D expenditure above 5% of its revenue, coupled with the commercialization of cutting-edge technologies such as digital twins and AIoT platforms, will facilitate sustainable growth as they pursue their global expansion.

The company's ambitious objectives include enhancing R&D efficiency by 30% over the next three years, facilitating a transformation from “Made in China” to “Intelligently Designed for the World.” This strategic vision aligns SANY towards becoming a pivotal player in shaping the future of the engineering equipment sector, reinforcing its global presence and technological leadership.

Conclusion

With its recognition in the EU's 2024 Industrial R&D Investment Scoreboard, SANY Group exemplifies how dedication to research and innovation can drive a company to global prominence. Its achievements serve not only as a testament to its technological capabilities but also as a beacon of inspiration for industries worldwide looking to innovate sustainably.