China Galaxy Securities released a research report saying that the growth rate of domestic and foreign excavator sales in November increased month-on-month compared to October, and the upward trend of internal and external demand resonance in the industry is clear. The recovery trend of the non-excavation sector driven by wind power and hydropower continued in October; overseas, on the one hand, demand from Europe and the US recovered, while demand for mining machinery in Australia, Africa and Latin America remained strong. On the other hand, domestic brand exports accounted for 19.2% of global demand in '24, and there is still plenty of room for improvement. The bank is optimistic that China's construction machinery industry will continue to maintain a good trend of upward domestic and foreign sales.

China Galaxy Securities released a research report saying that the growth rate of domestic and foreign excavator sales in November increased month-on-month compared to October, and the upward trend of internal and external demand resonance in the industry is clear. The recovery trend of the non-excavation sector driven by wind power and hydropower continued in October; overseas, on the one hand, demand from Europe and the US recovered, while demand for mining machinery in Australia, Africa and Latin America remained strong. On the other hand, domestic brand exports accounted for 19.2% of global demand in '24, and there is still plenty of room for improvement. The bank is optimistic that China's construction machinery industry will continue to maintain a good trend of upward domestic and foreign sales.