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According to statistics from China Association of Automobile Manufacturers "China's auto industry production and sales", in the first six months of this year, the production and sales of automobile engines for 52 domestic automobile engine companies that were included in the statistics range increased by 22.54% and 21.8% respectively, of which high-power engines had a strong growth momentum.
High power passenger car engine power
According to the "China's auto industry production and sales news," in the first six months of this year, 52 domestic automobile engine companies have cumulatively produced 3.9968 million engines and sold 3.8826 million engines. Engine production increased by 22.54% year-on-year; total power growth was even higher, reaching 33.54%. Among them, below 1.0L displacement engine sales fell 11.67%, 1.0L ~ 1.6L engine displacement sales growth of nearly 40%, 2.0L displacement engine also increased significantly.
Xu Changming, director of the Information Resources Development Department of the State Information Center, pointed out: “The production of large-displacement passenger vehicles is on an upward trend, illustrating two problems. First, the rapid development of the domestic economy, the rapid growth of business enterprises, and the improvement of profitability, corporate and personal Income has increased, which has led to the demand for high-end cars.Secondly, in the past two years, the supply of high-end cars is large and the models are high.The high-end cars are also gradually adjusting prices and are more suitable for the purchasing power of consumers.Therefore, small-displacement engines Sales are on a downward trend and sales of large-displacement engines continue to grow."
Experts pointed out that with the popularity of family vehicles and the gradual increase in energy price levels, the power level of mainstream passenger cars selected in the market has rapidly increased, showing that current home car buyers pay more attention to the grade and comfort of vehicles. Although the rise in oil prices is relatively fast, in general, consumers' reactions to higher oil prices are not as sensitive as one would expect.
Diesel engine production is becoming more and more concentrated
In addition to the significant increase in engine output of large-displacement passenger vehicles, the output of heavy-duty truck engines has increased by 42.67%. Guangxi Yuchai, FAW Group, Yunnei, Weichai, Dongfeng Chaochai, Dongfeng Motor and Jiangxi Jiangling ranked among the top 7 companies in production, together with CNHTC Group and Yangchai, ranking the top 9 companies in production. The concentration reached 88.6%. Diesel engine production is increasingly concentrated in large companies.
In terms of output growth, Weichai ranked first in the growth rate of 119.31%, followed by CNHTC Group (66.56%), Shandong Laidong (58.73%), FAW Group (38.89%), Dongfeng Motor (35.33%) ) and Guangxi Yuchai (34.60%).
Industry experts pointed out that commercial vehicles are significantly affected by national policies and therefore have a strong growth momentum. The increasing demand for raw materials in the country’s economic construction has stimulated the prosperity of logistics and related raw material production and manufacturing, thereby stimulating the development of commercial vehicles. Several provinces and cities have implemented weight-based charging policies to guide users to use high-powered trucks, which has also enabled rapid development of high-power diesel engines.
Professor Guo Yingnan of the College of Automotive Engineering of Jilin University told the reporter: “Many commercial vehicle companies have already started studying the development trend of the domestic market very early and made corresponding technical preparations so that these enterprises can account for the great development of heavy trucks. Take the initiative."
In addition, some companies have also upgraded their technology in this process. The person in charge of Cummins (China) Investment Co., Ltd. told the reporter that the company paid special attention to the research and development work of high-power engines and accelerated the technical upgrading work on high-power engine projects to enable it to meet the demand for high-power engines in the domestic market.
The engine production and sales will grow steadily in the second half of the year
Expert analysis pointed out that due to the rapid and steady development of the domestic economy, the production and sales of engines will continue to grow steadily in the second half of the year.
Xu Changming said: "In addition to the increase in demand for engines for new vehicles, the demand for engines in the maintenance sector is also on an upward trend. Due to the good sales situation of complete vehicles, the production and sales of engines will continue to grow steadily."
In addition, some companies are also considering new engine projects due to their market strategy. It is understood that some passenger car companies that have made achievements in the field of small-displacement automobiles will also enter the 1.5L~2.0L gold displacement car field. The competition in the future engine market will become more intense.
Strong domestic high-power engine growth in the first half of the year
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