Four ministries jointly issue energy-saving equipment implementation plan, mine electrification welcomes strong policy drive

On March 20, 2026, the Ministry of Industry and Information Technology, the National Development and Reform Commission, the State owned Assets Supervision and Administration Commission of the State Council, and the National Energy Administration jointly issued the "Implementation Plan for High Quality Development of Energy saving Equipment (2026-2028)" (MIIT Lianjie [2026] No. 44), which clearly proposes to accelerate the upgrading and transformation of energy-saving equipment in key industries, and implement dual policy incentives of tax incentives and credit support. The introduction of this national policy provides strong policy support for the electrification transformation of the mining industry, and the special power battery industry has ushered in an important period of development opportunities.

Policy clarifies the direction of mining equipment renovation

The Implementation Plan focuses on six types of energy-saving equipment, including energy-saving motors, transformers, industrial heat pumps, industrial refrigeration (heating) and heating equipment, water electrolysis hydrogen production equipment, and information and communication equipment. It specifically lists high energy consuming industries such as mining as key application areas. Clear policy requirements: Promote enterprises to conduct energy-saving and carbon reduction diagnostics on major energy consuming equipment that has been in operation for more than 10 years, comprehensively evaluate energy efficiency levels, and develop renovation plans based on diagnostic results; Implement tax policies such as preferential income tax for energy-saving and water-saving specialized product equipment and project enterprises, and actively guide financial institutions to increase credit support.

The mining industry, as a high energy consuming sector, has a particularly urgent need for equipment renovation. The policy directly targets the core equipment with the highest power consumption and the most urgent renovation in mines, including crushers, ball mills, fans, water pumps, belt conveyors and other supporting energy-saving motors, as well as high-efficiency transformers for underground power supply systems. With the continuous improvement of national requirements for mining safety production and green development, the replacement of traditional fuel equipment with electric mining equipment has become an inevitable trend.

The industry market size is steadily growing

According to the "Analysis of the Market Prospects of Explosion proof Power Systems in China from 2025 to 2030" released by industry research institution Zhiyan Consulting, the market size of explosion-proof power systems in China will reach 4.15 billion yuan by 2025, a year-on-year increase of 22.1%; It is expected to maintain a compound annual growth rate of 18% -20% from 2026 to 2029, and is expected to exceed a scale of 8.5 billion yuan by 2030.

The Safety Technical Conditions for Lithium ion Power Batteries Used in Underground Mines, which will be officially implemented in January 2026, serves as the world's first mandatory safety standard for lithium batteries used in mining. It establishes a full lifecycle safety technical framework from battery cells to modules and proposes the following:; No leakage, no fire, no explosion; The bottom line requirement has unified and raised the industry's technological threshold from the source, accelerating the process of market survival of the fittest.

Hongsheng's new energy technology advantages are highlighted

In this round of industry transformation,Wuxi Hongsheng New Energy Co., Ltd.With complete qualification certification and leading technical strength, we are at the forefront of the industry. As one of the few new energy enterprises in China that holds both KA mining safety certification and MA coal safety certification, Hongsheng New Energy's independently developed KA series mining safety battery system adopts the lithium iron phosphate technology route and innovatively designs multiple safety protection mechanisms.

This product has undergone rigorous environmental adaptability testing and operates stably in a wide temperature environment, with a cycle life exceeding that of products in the same industry. Compared with traditional lead-acid batteries, the comprehensive operating cost is significantly reduced. At present, it has been put into use in many large coal mines and metal mines in China, providing reliable power support for underground trackless rubber tired vehicles, dump trucks, loaders and other mining equipment.

As a high-tech enterprise wholly owned by listed company Hongsheng Co., Ltd. (stock code: 603090), Wuxi Hongsheng New Energy has established a modern production base with the ability to cooperate with various vehicle battery system research and development, and has occupied a favorable market position during the policy dividend release period.