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

SANY Group Makes Waves in the 2024 EU R&D Investment Dashboard

In a significant achievement, SANY Group, a leading Chinese engineering equipment manufacturer, has been spotlighted in the latest 2024 EU Industrial R&D Investment Dashboard released by the European Commission. This annual report, which has been tracking global innovation trends since 2004, showcases the exceptional investment efforts in research and development (R&D) among the top 2,000 manufacturers worldwide, accounting for a staggering 85% of global R&D investments.

Achievements and Rankings

The dashboard highlights SANY Group's impressive rankings, where three of its publicly listed subsidiaries — SANY Heavy Industry, SANY International, and SANY Renewable Energy — are positioned at 313th, 863rd, and 1,508th respectively. These rankings underscore the company’s strong commitment to innovation and technology, establishing it as a frontrunner in the construction machinery sector within China.

Remarkably, SANY Heavy Industry has upheld its reputation as an industry leader in construction machinery, reflecting the group’s relentless dedication to R&D initiatives. With 579 Chinese companies featured in the report, SANY's subsidiaries rank 63rd, 207th, and 396th within China, a clear indication of their technological prowess and strategic focus on R&D.

Innovation-Focused Strategy

SANY Heavy Industry places innovation at the core of its operations, aspiring to create what it calls a 'future-oriented productivity system.' This strategic vision emphasizes globalization, digital transformation, and decarbonization. In 2023 alone, the company channeled approximately $810 million (around 5.865 billion yuan) into R&D, aiming to advance renewable energy equipment, intelligent construction systems, and expand its global product offerings. Notably, the company secured 1,533 patent approvals, with over 55% attributed to new inventions, showcasing an impressive flow of innovation.

Guided by China’s ambitious dual carbon goals — achieving peak carbon emissions and carbon neutrality — SANY Group is driving a revolutionary shift towards green technology. It has made substantial strides with the production of electric mixers, hydrogen mining trucks, and other low-emission equipment leading the way. Additionally, groundbreaking innovations include the world's first 5G remote-controlled excavator and fleets of unmanned rollers, solidifying SANY’s status as an industry pioneer.

A Global Vision for R&D

SANY Group's R&D network spans 12 countries and regions, including the United States, Germany, and India, facilitating continuous global collaborative innovation. Analysts predict that the company's commitment to maintaining R&D expenditures exceeding 5% of revenue each year, alongside the commercialization of its advanced digital twin technologies and AIoT platform, will sustain its robust global expansion.

Furthermore, the group aims to enhance R&D efficiency by 30% over the next three years, accelerating its transition from being 'Made in China' to being 'Intelligently Designed for the World.' This forward-thinking strategy exemplifies SANY Group's resolve to lead in the global engineering equipment market through persistent investment in innovation and a clear commitment to sustainability.

Conclusion

With its presence recognized in the EU’s prestigious industrial R&D growth report, SANY Group not only solidifies its standing as a key player in engineering but also as a champion of innovation, marking a significant milestone towards a sustainable and technologically advanced future. By continuing to leverage R&D as the cornerstone of its business model, SANY is poised to redefine industry standards and contribute significantly to global engineering advancements.