Looking at the "New Blue Ocean" of the New Energy Market from the Perspective of "Oil to Electricity Conversion"

2024-03-27

During a recent interview in Linfen, Shanxi, a new emerging business called "oil to electricity" left a deep impression on people. This company, named Yaoxing New Energy, was originally engaged in power supply production in the communication field. Under the influence of new energy, it has continuously expanded its business scope and found one profit point after another. In Linfen, where environmental pressure is high, diesel engineering vehicles are a major polluter, and there is a strong demand for "oil to electricity" conversion of engineering vehicles in the local area. Yaoxing has identified this market and utilized its accumulated technological advantages in the field of power and electronic control to explore the business of "oil to electricity" for engineering vehicles, which involves replacing the fuel system of engineering vehicles with a lithium battery system. Zhou Liangbo, Deputy General Manager of Yaoxing New Energy Company, calculated an account for the reporter: a diesel loader consumes 18 liters of fuel per hour and works for 10 hours a day, which costs about 1440 yuan; After the power change, it consumes 40 kWh of electricity per hour and costs only 320 yuan per day, saving over 1000 yuan per day. Not only environmental protection, but also cost reduction, Yaoxing's "oil to electricity" business is welcomed by enterprises. Linfen Huanyuan Building Materials Company invested 400000 yuan to retrofit a loader in May last year, saving nearly 300000 yuan in fuel costs in less than a year. It is expected to recover the retrofit investment this year. "Compared to newly purchased electric vehicles, 'replacing oil with electricity' is cheaper, can also extend the lifespan of loaders, reduce waste, and enjoy a 5-year warranty period after modification." Zhang Wenjin, the person in charge of the company, said that after replacing the electricity, charging for 1 hour can work for 4 hours, and it can be recharged at lunch time without causing any delay, and the performance is also stable. The news of the first batch of enterprise renovation has spread, and more and more individual businesses, private enterprises, and state-owned enterprises are coming to visit. Wang Yuping, Chairman of Yaoxing New Energy Company, said that with the pressure of environmental protection policies, the demand for "oil to electricity" engineering vehicles has increased significantly. It is expected that Yaoxing's "oil to electricity" business volume will reach 1000 vehicles this year, creating a production value of nearly 300 million yuan. In addition to the "oil to electricity" project for engineering vehicles, Yaoxing is also actively expanding its business in the recycling and utilization of power batteries, new energy vehicle charging stations, and smart charging stations for optical storage and inspection. "China's new energy market provides a broad stage for small businesses like us to fully unleash their potential," said Wang Yuping. A small enterprise has shown us the vast world of China's new energy market. In the emerging "blue ocean" of new energy, there are not only "giant ships" like CATL, BYD, and China Electric Power Construction, but also countless small and medium-sized enterprises competing and chasing the wind and waves, sniffing business opportunities in the constantly growing market, getting a share of the pie, and achieving self growth while creating value. This kind of "fireworks" first comes from China's determination to promote green and low-carbon development. The 2024 government work report clearly proposes to strengthen the construction of ecological civilization and promote green and low-carbon development. Under the guidance of the "dual carbon" goal, traditional industries are being transformed and upgraded, green industries such as energy conservation, environmental protection, and clean energy are accelerating their development, and green consumption is constantly increasing... From production to life, everything is moving towards "green", which brings huge demand for new energy markets and lays a solid foundation for small and medium-sized enterprises to develop towards "new". "Fireworks and gas" also come from the increasingly mature new energy industry chain. Wang Yuping told reporters that "oil to electricity" requires lithium batteries

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