Chint Group Chairman Discusses Development and Trends of China’s Electrical Equipment Industry

Dual Drivers: AI Computing Power & Energy Transition Ignite DemandNan Cunhui pointed out that the current power equipment industry is experiencing a dual drive brought about by energy transition and the development of the digital economy.

• Surge in AI Computing Demand: The rapid development of artificial intelligence has led to a sharp increase in new loads such as data centers and intelligent computing centers. “The end of computing power is Electrical Power.” As the “cornerstone of electricity” supporting technological development, the importance of grid equipment has been elevated to a new height. This has directly triggered an explosion in demand for key power equipment like transformers.
• Accelerating Energy Transition: The construction of new energy bases (wind and solar) is speeding up, and the advancement of UHV transmission, smart distribution networks, new energy consumption, and energy storage support continues to steadily release demand for high-end Power Transmission and distribution equipment.

Using Chint Group as an example, Nan Cunhui revealed that its transformer exports grew by 71.4% in 2025, and factory orders are fully booked through 2027, fully reflecting the strong demand in the global market. Industry Evolution: Leaping from Single Manufacturing to System Capabilities The focus of competition in China’s electrical equipment industry is undergoing a profound shift.

• In the Past: Competition mainly focused on the manufacturing cost of single units.
• Present & Future: The focus is shifting towards high voltage, large capacity, greenization, and intelligence, as well as the system integration capabilities, industrial chain coordination capabilities, and full lifecycle service capabilities derived from them.

Nan Cunhui emphasized that this marks the transformation of China’s electrical equipment industry from a single manufacturing capability to a system capability upgrade, moving from “product export” to “capability export” and “technical standard export.” Customers’ focus has also shifted from “price” to “technical parameters,” “carbon emissions,” and “smart operation and maintenance.”

Future Trends: “Dual-Wheel Drive” of AI and Green Low-Carbon DevelopmentLooking towards the start of the “15th Five-Year Plan,” Nan Cunhui proposed core trends for industry development and strategic directions for enterprises.

1. Technological Innovation is Core: He repeatedly emphasized the philosophy that “saving money is not as good as saving technology” (investing in technology). Enterprises must continuously increase R&D investment to overcome key core technologies. Chint Group is currently focusing on breakthroughs in frontier technologies such as solid-state transformers, flexible DC equipment, new energy storage, and virtual power plants.
2. Deep Integration of AI and Industry: Artificial intelligence is evolving from an auxiliary tool into a core variable for industrial restructuring. Chint will promote the full-scenario empowerment of “AI + Energy Power Equipment,” using data and algorithms to drive production processes, achieve intelligent manufacturing, and enhance operational efficiency and product competitiveness.
3. Green Low-Carbon Becomes the New High Ground for Value Competition: With the evolution of global green trade rules, industrial competition is shifting from cost and price to value competition based on green and low-carbon standards. Chint has taken the lead in breaking through key green technologies like natural ester oil transformers and is committed to establishing a carbon footprint management system covering the full product lifecycle to address international challenges like carbon tariffs.
4. Energy System Shifts Towards “Source-Grid-Load-Storage Interaction”: The future energy system will no longer be the traditional “source follows load” model but will transform into a new energy ecosystem driven by multi-energy complementarity and digital intelligence, characterized by “source-grid-load-storage interaction.” Enterprises need to transform from single equipment suppliers to comprehensive energy service providers offering “equipment + solutions + technology + services.”

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