One of Sany's new cars is being tested in Shanxi Province, and it has gained a positive evaluation from the test driver.
One of the firm's new products, a concrete mixer 410, has recently been running in Shanxi. Sany's operating income decreased 18.92% in the first quarter of 2020, as the emergence of COVID-19 has postponed its on-going projects. Hence, the release of its new products could be seen as a turning point.
In the test drive, the driver concluded that there were two main advantages in the electric concrete mixer 410. Firstly, the electric concrete mixer is a more comfortable and smoother drive than alternatives. Secondly, the average power consumption is 1.72degree/Km, lower than other cars.
Sany is focusing on innovation these years, which further increases the release of its new products. Specifically, it retained a total amount of 7298 patents by the end of 2019. Moreover, there is an upward trend in its gross profit margin, a 2.14% growth from 2018 to 2019. Hence, it is expected Sany's R&D will help it to expand further.