On December 24, Zhejiang E-P Equipment Co., Ltd. (stock name: E-P Equipment) officially went public on the Shanghai Stock Exchange (SSE) Main Board. This milestone highlights the company’s outstanding achievements in the electric forklift and industrial vehicle sectors, now recognized by the capital market. The raised funds will primarily support capacity expansion and R&D enhancements. Investments will target key projects such as the production of 300,000 units of warehouse handling equipment, the manufacturing of one million mechanical parts annually, and Phase I of its intelligent robotics project. These initiatives aim to improve production automation and bolster R&D capabilities, reinforcing E-P Equipment’s leadership in the electric forklift and industrial vehicle markets.
Market Leadership Backed by Consistent Performance
Since 2013, E-P Equipment has maintained its position as the leading producer of electric warehouse forklifts in China for 11 consecutive years. In 2023, its sales accounted for over 35% of the domestic market. Additionally, the company has led the lithium-powered warehouse forklift segment for five consecutive years since 2019, capturing over 30% of the domestic market share in 2023.
In just over a decade, E-P Equipment has driven three major industry transformations through product innovation, breaking traditional growth barriers. By pioneering new models and products, the company has grown into a globally recognized leader in electric forklifts and intelligent logistics equipment. Guided by a global development strategy and localized operations, E-P Equipment has established itself as one of the industry’s earliest globalized enterprises.
Innovation-Driven Development and Proprietary R&D
E-P Equipment adheres to a progressive R&D approach, operating on the principle of “developing, testing, and innovating” in each product generation. Its unique forward-looking R&D model begins with a deep understanding of material handling needs and focuses on solving customer challenges. This approach emphasizes functional design to deliver efficient and straightforward solutions. The company collaborates with suppliers to develop specialized components, shortening R&D cycles and enhancing production processes.
Under this model, E-P Equipment launches dozens of new products annually, each tailored to meet market demands and address customer pain points. This commitment embodies the company’s mission to make handling “simpler and greener.”
A Global Presence with Localized Expertise
In line with its international vision, E-P Equipment actively expands both domestic and overseas markets. Through acquisitions and subsidiaries, the company has built robust service networks across North America, Europe, and Southeast Asia. This enables the delivery of products customized for local markets, along with efficient, high-quality localized services. This global strategy has not only enhanced E-P Equipment’s brand recognition but also earned the trust of leading companies worldwide.
Riding the Wave of Industry Trends
The global industrial vehicle market has seen steady growth, with electric forklifts outpacing internal combustion models. Environmental policies promoting carbon neutrality and emission reductions have accelerated the transition from traditional combustion-powered vehicles to electric forklifts. Electric models offer advantages such as zero emissions, low noise, and reduced operational costs, making them the preferred choice in the market.
E-P Equipment is at the forefront of this green revolution, transitioning from diesel to lithium-powered forklifts. Leveraging intelligent robotic products and digital operations, the company has laid out a three-tiered strategy for smart material handling in the Industry 4.0 era, reshaping the industrial logistics landscape.
A Promising Future
With its strong technical foundation, sharp market insights, exceptional R&D capabilities, and global strategy, E-P Equipment has achieved remarkable success in the electric forklift and industrial vehicle sectors. As the industry experiences an unprecedented period of growth, E-P Equipment stands poised to capitalize on emerging opportunities.
Looking ahead, E-P Equipment remains committed to its mission of making material handling simpler and greener. The company aspires to become a globally respected Chinese enterprise, accelerating the transition from combustion-powered to electric vehicles while contributing to global carbon reduction goals. E-P Equipment will continue to lead through bold innovation, driving intelligent material handling and transforming centuries-old material management practices. By advancing from manufacturing to service, E-P Equipment aims to reduce operational costs and revolutionize the global economy.
