As an infrastructure country, China can achieve such great success today, which is largely inseparable from the rise of China's construction machinery. In the field of many rising construction machinery, there was an industry that was once monopolized by foreign capital for 95%, but it was broken by the domestic machinery giant, which won the first place in the domestic market for 11 consecutive years, and last year, with a sales performance of 98,000, it defeated the American giant Caterpillar and became the world's first.
<h1 class="pgc-h-arrow-right" data-track="7" > sales increased by 200 times, counterattacking the world's first</h1>
For China's excavator industry, 2011 was a watershed year. Prior to this, the industry was monopolized by overseas brands for a long time, the market share was as high as 95%, and the sales volume of domestic local brands at that time was only a few hundred units, of which Sany from 2001 to 2002, due to product quality problems caused serious losses in business, sales in 1 year were only dozens of units.
However, in 2005, sany produced more than 500 hydraulic excavators with the maturity of 20 tons, and then began to counterattack. And in 2011, with a market share of 12.3%, Sany completely broke the monopoly of foreign-funded enterprises in China for decades, won the first place in the domestic industry, and defeated the American giant Caterpillar with an annual sales of 98,000 units last year, becoming the world's first. From 500 units to 98,000 units per year, Sany's sales have increased by nearly 200 times.
<h1 class="pgc-h-arrow-right" data-track="5" > private enterprise invention patent TOP10: the only construction machinery enterprise</h1>
From an unknown private small enterprise, growing into today's domestic machinery giant, Sany's rapid rise behind its investment in research and development and technology is inseparable, according to the data, in 2020, Sany R & D investment reached 6.259 billion yuan, accounting for 6.3% of the total revenue, according to incomplete statistics, Sany's investment in R & D expenses is basically maintained at about 5%-7%.
In terms of technology, Sany has more than 10,000 patents and a number of industry initiatives, in this year's list of 500 private enterprise invention patents, Sany is more than Xiaomi, Ali ranked 7th in the list, and became the only construction machinery company in the TOP10 enterprises, which is enough to prove its industry status in research and development.
In recent years, with the acceleration of domestic substitution in various industries, local brands will usher in a new development outlet. As the leader of China's construction machinery industry, although Sany has achieved the counterattack of domestic brands, compared with international industry giants, it still needs to be improved and enhanced in terms of core technology, and there is still a gap in profitability. However, if the core technology is also realized in the future, it will be a step further for the brand to be competitive in the world. #人民国货工程 #
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