Policy "Tailwinds" Strengthen, Accelerating Electric Forklift Market Expansion; "Diesel-to-Electric" Shift Creates New Opportunities for Parts

Recent national policies vigorously promoting large-scale equipment renewal, with a focus on supporting high-end, intelligent, and green equipment, have injected strong momentum into the "diesel-to-electric" transition within the forklift industry.

Policy-Driven Renewal: National policies explicitly support equipment renewal in key sectors and have expanded funding support. This provides significant financial incentives for companies in logistics, manufacturing, and other fields to retire old, high-energy-consumption internal combustion forklifts and purchase new energy models. Industry experts project this could stimulate a forklift renewal market worth over tens of billions in the next three years.

Economic Advantages Make Electrification Trend Clear: From a market-driven perspective, the economic benefits of electric forklifts are pronounced. Data shows that a 3-ton electric forklift can save tens of thousands in annual energy and maintenance costs compared to an internal combustion model. Driven by these substantial operational savings, electric forklifts accounted for a very high percentage of total sales in China in 2024, making electrification an irreversible mainstream trend.

Structural Opportunities for the Parts Market: This profound "diesel-to-electric" transformation involves more than a simple power source swap; it coincides with upgrades towards higher-end, more intelligent machines. Consequently, supporting components such as the three-electric systems (battery, motor, electronic control), intelligent attachments, specialized attachments, and lightweight body parts will all see new growth opportunities and face higher demands for technological iteration.

Editor's Note: Seizing the opportunities presented by this green transition, we have proactively developed product lines for core electric forklift components. We are committed to providing efficient, durable, and highly compatible electrification solutions for our customers, helping our partners capture market opportunities.