Nick Zheng, CFA +852-2978-1405 | nick.zheng@gs.com Goldman Sachs (Asia) L.L.C. 8 June 2025 | 9:00PM HKT China Machinery Field trip takeaways: domestic divergence driven by policy; exports and electrification in focus We visited machinery companies Sany Heavy, Volvo CE (VOLVb.ST, Buy on CL, Covered by our Europe industrials analyst Daniela Costa), Weichai Power, Sinotruk and Foton (600166.SS, Not Covered); and industry consultant Off-Highway Research (OHR), as part of our China Industrials trip together with ...