Today, EP Equipment Co., Ltd has been listed on Shanghai Stock Exchange, marking a significant milestone in EP’s journey as a leader in electric material handling equipment and industrial trucks. The initial public offering will fund strategic expansion initiatives, including a manufacturing facility with an annual production capacity of 300,000 units of warehousing equipment and 1 million mechanical components, alongside investments in robotics manufacturing project. These investments reflect EP Equipment’s commitment to advancing production automation and R&D capabilities, further strengthening the company’s market position in electric material handling equipment industry.
Since 2013, EP Equipment has ranked 1st in domestic electric warehousing equipment production and sales for 11 consecutive years, with over 35% market share in 2023 (Source: CITA). Additionally, EP has dominated the lithium-ion powered material handling equipment segment for 5 consecutive years since 2019, with sales volume accounted for more than 30% domestic lithium-ion powered trucks sales in 2023.
In just over a decade, EP Equipment has driven three industry revolutions by driving progress with products, leading revolution through innovation. The company pioneered innovative business models and products to overcome industry limitations, establishing itself as a global dealer in electric material handling and intelligent logistics equipment. With its “develop globally, operate locally” approach, EP Equipment was among the first in the industry to achieve global development.
Following the 3-generation R&D philosophy of ” Running the present, Testing the next, Developing the future”, EP continues to drive product innovation and generational upgrades. The company employs a “forward engineering” approach, leveraging its deep understanding of material handling to design products that address specific market needs and customer pain points. This approach delivers efficient solutions while improving operation effectiveness. Through strategic supplier partnerships for specific parts development, EP has shortened development cycles and enhanced production capabilities. This R&D approach enables EP to launch dozens of demand-oriented products to global markets annually, proceeding EP’s original aspiration of “making material handling simpler and greener”.
EP maintains a strong international presence, actively developing both domestic and overseas markets. Through acquisitions and subsidiaries, EP has established service networks across major countries in regions including North America, Europe and Southeast Asia, providing locally-adapted products and efficient and high-quality support services. This global presence has enhanced both brand recognition and acknowledgement from top companies among industries worldwide.
In recent years, with the steady growth in global sales of industrial vehicles, particularly the significant higher growth rate of electric forklifts compared to I/C forklifts, electric forklifts have become the new development trend in the material handling industry. Against the backdrop of “carbon neutrality” and “carbon peak”, the successive introduction of national environmental protection policies has driven structure adjustments in the industrial vehicle industry. New energy forklifts, with advantages of zero pollution, low noise, and low operating costs, are gradually replacing I/C forklifts and becoming the mainstream choice in the market. EP Equipment is closely following the trend and has been making every effort to promote green revolution from I/C forklifts to lithium-powered forklifts. In the context of Industry 4.0, based on automation X-Mover robot products and equipped with digital system, EP is fully committed to building Industrial Logistics 4.0 with a three-level intelligent layout.
EP Equipment has achieved significant success in the fields of electric forklifts and industrial vehicles, driven by its profound technology accumulation, sharp market insight, outstanding R&D capabilities, and strategic deployment of globalization. EP is currently positioned at an unprecedented opportunity in the industry’s development, and with the advancement of the capital process, EP is set to embrace even broader development prospects. In the future, EP will be continuously adhering to its original aspiration of “making material handling simpler and greener”, and its mission of “becoming a respected Chinese enterprise worldwide”.By relentlessly driving the green transformation, EP will accelerate the replacement of I/C forklifts with electric forklifts in the world, to contribute to low carbonization at home and abroad. EP will continuously strive for automated handling innovations and push the industry toward automated development with the pioneering “product-level, mode-level, and system-level” layout, and with the courage to be at the forefront, and finally will help liberate human labor completely. Furthermore, EP will also continue to explore digitalization, aiming to revolutionize material handling from physical to digital movement. The material handling management mode of manufacturing industries has remained unchanged for centuries. EP’s autonomous handling will fundamentally transform it, significantly reducing the operational costs and facilitating the company upgrade from manufacturing to service.