Sweden mining equipment major Sandvik claims to be winning three-quarters of mining heavy battery-electric vehicle orders on the table, but says stronger competition would help speed growth in the business.
Speaking at the company’s 2023 Capital Markets Day, Sandvik Mining & Rock Solutions president Mats Eriksson said Sandvik was “on track” to meet its 2030 goal of having 50% or more of its underground hard-rock mining equipment sales come off its expanding BEV production lines.
More than 15% of the manufacturer’s mining loader and haul-truck order intake in 2023 had been BEV.
