Xiangtan Electric Manufacturing Co., Ltd. Risk Report

📜 Innovation & R&D

Xiangtan Electric Manufacturing Co., Ltd. has demonstrated significant progress and innovation, particularly in the field of mining trucks. The company is pioneering advancements through their development and deployment of electric mining vehicles, indicating a strong commitment to leading and transforming traditional heavy industries with innovative solutions.

• Xiangtan Electric manufactured the world's first 120-ton pure electric mining dump truck, equipped with CATL batteries, which rolled off the production line 🗓 2021-06-24.
• The company announced the conversion of a 108-ton truck to battery electric, showcasing their ongoing technological advancements 🗓 2021-03-29.
• Xiangtan Electric's subsidiary delivered two 120-ton battery mining trucks to Brazil, supporting global green mining initiatives 🗓 2022-08-25.
• They have recently begun testing two 120-ton electric mining trucks in Brazil, signaling continued exploration and development in electric vehicle technology 🗓 2023-10-06.

⚖️ Legal & Regulatory

The legal landscape for Xiangtan Electric Manufacturing Co., Ltd. appears stable without any significant recorded legal or regulatory challenges. There are no current reports of sanctions, penalties, or compliance issues affecting the company's operations.

🏗️ Operational & Business Continuity

Xiangtan Electric Manufacturing Co., Ltd. continues to secure its operational capacity by expanding production capabilities and partnerships in electric vehicle manufacturing. Their efforts in stabilizing and continuing operations reflect resilience and adaptability in the changing industrial landscape.

• The company collaborated with Schaeffler to start producing steering ball screws at their Xiangtan factory, reinforcing production capacity and operational reliability 🗓 2025-02-26.

Xiangtan Electric's focus on innovation in electric vehicle technology demonstrates their significant strategic commitment to sustainable industrial solutions, potentially mitigating future operational risks. However, no immediate issues have been highlighted to affect business continuity adversely.