· Engine sales increased by more than 10% in the first three quarters

In recent years, major engine companies have continuously introduced world-class production lines, and invested a lot of resources for building high-end products, especially domestic independent brands. On the one hand, they introduced new technologies, on the one hand, they increased their independent research and development efforts, and achieved core technological breakthroughs, making products The rapid increase in quality has contributed to the substantial increase in domestic engine production and sales.

According to data from the China Association of Automobile Manufacturers, in the first three quarters of this year, national automobile production and sales increased by 12.78% and 12.70% respectively over the same period last year. Benefiting from this, in the first three quarters, the national vehicle engine production and sales volume totaled 14.790 million units and 14.69112 million units respectively, an increase of 13.80% and 13.60% respectively over the previous year, and the growth rate of production and sales has expanded.

The market performance of vehicle engine production and sales increased by more than 10% year-on-year. It verified that Xing Min, executive vice president and secretary general of China Internal Combustion Engine Industry Association, predicted that China's vehicle engine market would “stable and rise” in the second half of the year. Ge Hong, executive deputy secretary-general of the Automotive Engines Branch of China Association of Automobile Manufacturers, said that the development of the engine industry in the first three quarters of this year was in line with expectations. It is expected that engine production and sales will maintain a good growth trend in the fourth quarter.

Diesel engine sales surged

In the first three quarters, the production and sales volume of vehicle diesel engines, including statistics, were 2,560,600 units and 2,630,300 units respectively. Compared with the same period of last year, the output increased by 11.07%, the growth rate increased by 5.22 percentage points, the sales volume increased by 8.49%, and the growth rate increased by 5.68 percentage points. The cumulative growth rate of diesel engine production and sales increased rapidly. The recovery of the heavy truck market and the relatively low production and sales level of the diesel engine industry last year made the diesel engine industry perform exceptionally well, especially in the third quarter.

In terms of sales volume, Yuchai, Weichai, Quanchai, China FAW, Jiangling Holdings, Yunnei Power, Dongfeng Motor, Shandong Huayuan Laidong, Beiqi Futian and Chaochai ranked among the top ten diesel engines in total production. The number of diesel engines was 2,314,400, accounting for 87% of the total sales of diesel engines, and the concentration increased slightly by 0.21 percentage points. Compared with the same period of last year, 8 companies grew and 2 companies declined. Among them, the cumulative growth rate of many enterprises has increased compared with last month, which also indicates that the market for vehicle diesel engines will continue to improve in the second half of the year.

In the first three quarters of Weichai, the engine sales volume was 386,900 units, an increase of 25.83%, the highest among the ten companies. Weichai's intensive cultivation in the segmentation field has achieved initial success in recent years, especially in the field of heavy truck power generation. In the first three quarters of Beiqi Foton, the engine sales volume was 1,140,700 units, an increase of 23.18% year-on-year. According to the announcement issued by Beiqi Foton, the sales volume of Foton Cummins engine increased by over 40%. Other companies with sales growth of more than 10% include Quanchai, China FAW, Jiangling Holdings and Shandong Huayuan Laiwu. The enterprises with a year-on-year decline in output were Yunnei Power and Chaochai, with a decrease of 4.24% and 10.30% respectively.

Gasoline engine industry situation is good

In the first three quarters, the number of gasoline engine companies in the market has accumulated 1,012,300 units and sales of 11,195,700 units. Compared with the same period of last year, the output increased by 14.14%, the growth rate increased by 0.7 percentage points, the sales volume increased by 14.53%, and the growth rate increased by 1.31 percentage points. Overall, with the substantial increase in vehicle sales, Great Wall Motor and Shanghai Volkswagen Power are the most eye-catching companies.

In terms of sales volume, FAW-Volkswagen, SAIC-GM-Wuling, Shanghai GM Dongyue, Shanghai Volkswagen Power, Dongfeng Nissan, Chongqing Changan, Beijing Hyundai, Wuling Liuji, Great Wall Motor, and Shenlong Automobile ranked among the top ten cumulative sales of gasoline engines. Sales of gasoline engines 6,675,100 units, accounting for 55.65% of the total sales of gasoline engines, the concentration increased by 0.01 percentage points. Compared with the same period of the previous year, only one company's sales declined.

In the first three quarters, the fastest growth in sales volume was Great Wall Motor, with an increase of 88.58%. The increase in the number of self-contained engines of Great Wall Motor has contributed greatly to the growth of engine sales. Shang Yugui, director of the Great Wall Motor Propaganda Department, said that the engine self-distribution rate of Great Wall Motor has reached 70% to 80%. Shanghai Volkswagen Power sold 773,200 units in the first three quarters, an increase of 56.76%. Beijing Hyundai and FAW-Volkswagen, the cumulative sales growth was 36.89% and 20.06% respectively. The enterprises with an increase of 10~20% are Chongqing Changan, SAIC-GM-Wuling and Shenlong Automobile. Among the ten companies, only the cumulative sales of Wuling Liuji declined. Li Huanyu, general manager of Wuling Liuji, said in an interview at the beginning of the year that Wuling Liuji will gradually reduce the proportion of original customers and strive to expand into new markets. However, the sales volume of Wuling Liuji engine in the first three quarters decreased by 11.39% year-on-year.

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