XCMG Machinery: It is expected that the domestic new energy engineering machinery market will reach a scale of 80 billion yuan this year, with an industry penetration rate exceeding 15%.

Sun Zenghai, Vice President and Chief Engineer of XCMG Machinery, stated at the 2026 Engineering Machinery Industry Technology Festival today that the domestic new energy engineering machinery market is expected to rapidly grow to around 80 billion yuan in 2026. The industry penetration rate is likely to exceed 15% to 20%, officially entering a phase of large-scale application. In terms of specific areas, after breakthroughs in core components and energy replenishment technology, excavators are expected to be the next breakthrough point.