SANY Heavy Industry (600031 CH)
Industrials
Going global - Horizon Insights expects SANY, a leading excavator manufacturer in China, to benefit from the export boom taking place in the sector. It has already captured 30% of the domestic market and is quickly improving its global market share. SANY is currently the market leader in many Southeast Asia countries and continues to develop localised products to meet the unique needs of the European market, while expanding its sales network in the US. Given that the next round of excavator growth is to be fuelled by electrification, SANY has also been dipping its toes in battery & electric control technology.
Edition: 144
- 16 September, 2022