On May 18, 2010, at the 2010 Annual General Meeting, Chairman Zhou Jianxiong planned that Xiangdian Power's sales target for fans this year would exceed 800 units. Last year, the company sold 425 vehicles.
From 2008 to 2010, the share of Xiangdian Electric in the wind power market increased for three consecutive years, and it has become the first domestic manufacturer to develop and produce large-scale direct-drive wind turbines of more than 2 MW; in 2009, it held the Darwin Company of the Netherlands and had the most Cutting-edge 5 MW wind turbine manufacturing technology.
According to reports, the domestic market for wind turbines is fiercely competitive, order prices are still declining, equipment manufacturers are under pressure, and they have lowered their expectations. However, Hunan Electric Co., Ltd. used its technical advantages in the whole machine and key components, and the overall gross profit margin was effectively controlled.
"30% of Xiangtan Electric's future business volume must come from overseas," said Chen Neng, general manager of Xiangdian Electric. Since Hunan Electric shares and controlling shareholders added capital to Xiangdian Import and Export Corporation in January of this year, in April, Hunan Electric Co., Ltd. increased its capital again and established a subsidiary in Hong Kong.
According to reports, Hunan Power has two 2.5 MW direct-drive wind turbines that have been completed and will be sent to Europe soon. Two 5 MW wind turbines are expected to go offline and are expected to be sent to Ireland in June.
From 2008 to 2010, the share of Xiangdian Electric in the wind power market increased for three consecutive years, and it has become the first domestic manufacturer to develop and produce large-scale direct-drive wind turbines of more than 2 MW; in 2009, it held the Darwin Company of the Netherlands and had the most Cutting-edge 5 MW wind turbine manufacturing technology.
According to reports, the domestic market for wind turbines is fiercely competitive, order prices are still declining, equipment manufacturers are under pressure, and they have lowered their expectations. However, Hunan Electric Co., Ltd. used its technical advantages in the whole machine and key components, and the overall gross profit margin was effectively controlled.
"30% of Xiangtan Electric's future business volume must come from overseas," said Chen Neng, general manager of Xiangdian Electric. Since Hunan Electric shares and controlling shareholders added capital to Xiangdian Import and Export Corporation in January of this year, in April, Hunan Electric Co., Ltd. increased its capital again and established a subsidiary in Hong Kong.
According to reports, Hunan Power has two 2.5 MW direct-drive wind turbines that have been completed and will be sent to Europe soon. Two 5 MW wind turbines are expected to go offline and are expected to be sent to Ireland in June.
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