What is the future prospect of the mine electric locomotives industry?

Mine electric locomotives have played a huge role in the construction and development of my country's mining industry. However, for many years, due to the low investment in product technology development by the enterprises affiliated to the traction electrical equipment branch, most products basically remained at the level of the 70s and 80s. At the same time, emerging private companies also accounted for some market share. With my country's accession to the WTO, foreign companies are also targeting the Chinese market, making market competition more intense.

Chinese mine electric locomotives lack brand products with independent intellectual property rights, which affects the status of Chinese electric locomotive sanitary mine electric locomotives in the world; the vast majority of Chinese mine electric locomotives enterprises lack scientific and strict management in production, and are produced due to serious environmental pollution The high cost leads to a corresponding increase in the price of mine electric locomotives, which also seriously affects the economic benefits of enterprises.

Therefore, in order to win a certain market share in the fierce domestic market competition and expand to foreign markets, technological innovation will be carried out to increase the technical content of products. The past 20 years have been a period of rapid development in power electronics technology, and an era in which rapid development of mine electric locomotives technology has also been achieved.

From the perspective of the entire industry of mine electric locomotives, the market space is still very large, so the price of electric locomotives can also be adjusted accordingly. Although the electric vehicle industry is already a "sunset industry" in Europe and the United States, it is still a "sunrise industry" in China and will have great development. The US financial tsunami has had an impact on China's ceramics industry, but it is not as big and terrible as imagined. China is fully capable of easily passing through this economic disaster. As the development environment of my country's electric vehicle industry is further improved, the industry as a whole will be further improved.