Against the backdrop of the traditional off-season in the industry, China's construction machinery sector has demonstrated unexpected resilience in growth. On June 26, CCTV's financial program "Zhengdian Finance" aired two consecutive reports titled "Construction Machinery Off-Season Not Off: Electric Products in Short Supply" and "Order Surges, Production Lines at Full Capacity: Continued Booming Overseas Markets for Construction Machinery," deeply focusing on the industry's counter-trend growth momentum. The reports spotlighted Liugong, vividly showcasing its impressive achievements in robust electric product production and sales, as well as the sustained popularity of its overseas markets.
The excerpt from the original report is as follows:
June is traditionally the off-season for the construction machinery industry, but this year has seen a booming scene contrary to expectations. During the visit, reporters observed that production lines at multiple companies were operating at full capacity, with electric products in particularly high demand and delivery lead times for some orders significantly extended.
At an engineering machinery manufacturing enterprise in Liuzhou, Guangxi, a batch of electric loaders is being assembled intensively. Due to a surge in orders, it has become common for many customers to queue up at the factory waiting for their goods.
Electric Loader Purchase Customer: Purchased 27 855TE electric loaders to replace aging fuel-powered equipment and expand production capacity. Currently, 17 units have been delivered, with the remaining 10 in queue awaiting delivery.
The production department head of this enterprise told reporters that in response to the surge in orders, they have continuously increased production capacity, and the daily delivery record for electric loaders continues to be broken.
Yao Dongxu, Manufacturing Director of the Loader Division at LiuGong: The production line operates at full capacity throughout the entire process, with maximum utilization of production capacity. The overall machine output has significantly increased year-on-year, and the order demand has grown by nearly 50% compared to the previous year. Among them, electric loaders stand out particularly, with orders surging by 100%.
Data shows that from January to May this year, China's new energy construction machinery maintained a strong momentum in sales. Taking electric loaders as an example, cumulative sales reached 20,819 units from January to May, a year-on-year increase of 99.9%. Electrification is becoming the core engine driving growth in the construction machinery industry.
The domestic market remains robust during the off-season, while overseas markets also show strong performance. In the first five months of this year, China's construction machinery exports maintained sustained high growth, with several companies surpassing production capacity limits and shifting logistics dispatch from monthly concentration to a normalized pattern. During on-site visits, journalists observed that overseas orders for construction machinery enterprises have grown significantly this year, not only consolidating traditional competitive markets but also demonstrating strong growth in emerging markets.
Lin Shencai, Director of Earthmoving Products at Liugong International Division: From January to May, Liugong's export volume increased by nearly 50% year-on-year. Key products such as loaders, excavators, and motor graders saw significant growth, primarily in emerging markets including Southeast Asia, Central Asia, Africa, and Latin America.
Data shows that from January to May this year, China's import and export trade volume of construction machinery reached $28.911 billion, marking a 19.5% year-on-year increase, with exports totaling $27.902 billion, up 20.8% year-on-year.
In the future, LiuGong will adhere to the coordinated advancement of domestic and international markets, leveraging its electrification transformation to tap into domestic growth opportunities while deepening operations in key overseas regions through localization, thereby injecting sustained momentum for high-quality industry development.
