Forklift battery latest news

1. Steady performance growth

In the first half of 2024, the performance of the forklift segment maintained steady growth. Benefiting from the increase in overseas share and high gross margin overseas business, as well as the increase in the proportion of electric trucks, the revenue and profit of the forklift industry have achieved significant growth. According to the data, in the first half of 2024, the forklift segment achieved revenue of 21 billion yuan, an increase of 4% year-on-year; Net profit returned to the parent was 2.1 billion yuan, up 23% year-on-year.

2. The electrification trend is accelerating

Electric forklift market share is increasing, has become the mainstream of the industry. Globally, sales of electric forklifts are growing faster than internal combustion forklifts, especially in the Asian market, where the electrification rate is growing rapidly. China's electric forklift is mainly powered by lithium batteries, whose performance is better than that of lead-acid batteries, and the life cycle cost has an alternative advantage.

3. Overseas market expansion

Forklift enterprises actively expand overseas markets to enhance global competitiveness. For example, China's leading forklift enterprises such as Anhui Heli, Hangzhou Fork Group, etc., have performed well in overseas markets, especially in the European market, and achieved a significant increase in market share through lithium electrochemical advantages.