Hybrid electric mining trucks operating in open-pit environments encounter highly variable gradients and payload conditions that standard energy management strategies fail to address adequately. Existing approaches are predominantly calibrated for full-load scenarios and neglect the accelerated battery degradation resulting from sustained high-power cycling, undermining long-term operational viability. This study presents a multi-objective energy management framework that couples real-time driving condition recognition with dynamic programming (DP) optimization for a 130-tonne hybrid mining truck. Field data collected from an open-pit mine in Heilongjiang Province were used to construct six physically representative driving conditions via principal component analysis and K-means clustering. A Bidirectional Gated Recurrent Unit (Bi-GRU) network (2 layers, 128 hidden units per direction) was trained on a route-based temporal split, attaining 95.8% classification accuracy across all six conditions. Condition-specific powertrain modes were subsequently defined, and a DP formulation with a weighted-sum cost function was solved to jointly minimize diesel consumption and battery capacity fade—quantified through a semi-empirical effective electric quantity metric. A marginal rate of substitution (MRS) analysis was conducted to identify the optimal trade-off between fuel economy and battery life preservation. In the DP cost function, the weight coefficient μ (ranging from 0 to 1) governs the relative emphasis placed on battery degradation minimization versus fuel consumption minimization: μ = 0 corresponds to pure fuel minimization, whereas μ = 1 corresponds to pure battery degradation minimization. The MRS analysis identified μ = 0.1 as the knee point of the Pareto trade-off: relative to pure fuel minimization (μ = 0), this setting reduces effective electric quantity by 6.1% while increasing fuel consumption by only 1.4% (MRS = 4.36). Against a rule-based baseline, the proposed strategy improves fuel economy by 12.3% and extends battery service life by 15.7%. Co-simulation results were validated against onboard fuel-flow measurements; absolute simulated and measured fuel consumption values are reported route-by-route, with deviations within 4.5%. A three-layer BP neural network (3 inputs, two hidden layers of 20 and 10 neurons, 1 output) trained on the DP solution reproduces near-optimal performance—with fuel consumption and effective electric quantity increases below 1.0% and 1.1%, respectively—while reducing computation time by over 96% (from approximately 52,860 s to 1836 s for the 1800 s driving cycle), demonstrating practical feasibility for real-time deployment.