Electrics overtake ICEs in China

News Story
- 20 Feb 2020 ( #962 ) - Beijing, China
1 min read
China's forklift market accounted for 70.59% of the 647,229 units sold in Asia
China's forklift market accounted for 70.59% of the 647,229 units sold in Asia
Sales of electric forklifts have surpassed internal combustion models for the first time, according to the latest industry analysis by the Chinese Industrial Truck Association (CITA).

The report notes that in September 2019, the total monthly sales volume of electric forklifts surpassed that of internal combustion forklifts. For the full year, the proportion of internal combustion forklifts of total sales continued to decline, accounting for 50.91% of total sales in 2019.

CITA also notes a sharp increase in lithium battery forklift sales. In 2019, a total of 74,102 units were sold, accounting for 25.03% of sales - compared to 9.31% in 2018.

CITA describes 2019 as "a complicated year for China's industrial vehicle industry", due to the impact of Sino-US trade frictions and increased environmental protection requirements. Nonetheless, the total sales volume maintained a "steady and slightly increasing situation".

Annual sales exceeded 600,000 units, and the domestic market achieved a growth of 5.88% to 456,000 units.

Exports dropped by 8.45%. With the exception of electric counterbalance forklifts, exports of all models of motorised industrial vehicles fell, most notably electric pedestrian storage forklifts which were strongly affected by US tariffs.

CITA notes that China's forklift market accounted for 70.59% of the 647,229 units sold in Asia, an increase of 2.18% from 2018, and for 30.60% of the world's sales to constitute the largest global market.

The coronavirus gets a mention in the latest report, with CITA describing the health threat as "a huge test to China's economy and people's lives". "It will certainly have an unprecedented impact on the industry," the report notes, urging manufacturers to analyse and monitor the market and "adjust the production cycle and sales and service models (and) actively respond to the difficulties".
Jungheinrich records ‘resilient’ results
Jungheinrich records ‘resilient’ results 16 Aug 2024 - Hamburg, Germany - 1 min read
KION narrows revenue forecast
KION narrows revenue forecast 8 Aug 2024 - Frankfurt, Germany - 1 min read
Kalmar makes stock market debut
Kalmar makes stock market debut 4 Jul 2024 - Helsinki, Finland, Finland - 1 min read
Previously about:
HELI presents at WITS summit News Story - 5 Oct 2017 - Chengdu, China - 2 min read
Do you have materials handling news? Submit your news here
Inside The News
As June comes to a close, the month when our sector recognises National Forklift Safety Day , the United Kingdom’s Association of Industrial Truck Trainers (AITT) has issued a timely reminder of the need to ensure any staff training is fully accredited... Continue reading

PREMIUM business

ROYPOW
Manufacturer of lithium forklift battery solutions, the global leader in the market of lithium batteries replacing lead acid batteries.

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!

Words of support …

Thanks to advertising with Forkliftaction, we have received inquiries and more and more people are aware of Ningbo Ruyi Joint Stock Co.,Ltd, which fits with our company's goal to go global and let the world know more about the benefits of our Xilin brand.

Michille Shi, Vice General Manager Sales - Ningbo Ruyi Joint Stock Co.,Ltd

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

Find the right machine for your business with F. Uchiyama, exporter and wholesaler of used forklifts and construction machinery. With 100 years of experience in the trade, you can leave the export procedures to us!
FOR SALE:
2016 TCM FD115-3 rough terrain forklift 
1999 Hitachi HX99B telescopic boom 
2017 Unicarriers counterbalanced forklift 

Find more machines here | Contact us with enquiries 

PREMIUM business

VETTER Industrie GmbH
The world's most comprehensive range of forks and the most intelligent sensor fork for more safety and efficiency.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

PREMIUM business

Hawker Powersource, Inc.
HAWKER® offers a range of hybrid motive power solutions customized to adapt as your operation's needs change.

Are you recruiting? Find your ideal candidate among a diverse range of materials handling professionals:

Forkliftaction's JOB MARKET

We’re excited to launch a major upgrade to the Forkliftaction forums, packed with new features and improvements. Here’s what’s new:

  • You can now add up to two photos to your posts
  • New search & navigation - find what you need easier
  • Smart brand/model tagging across all forums
  • Top contributors recognised for their efforts!

 Head over to the forums to check it out!