Electrical Equipment / Components & Telecoms

According to the latest data from the China Internal Combustion Engine Industry Association, the sales volume of the internal combustion engine industry fell slightly in July compared with June. In July 2021, with the frequent occurrence of extreme weather and the recurrence of the epidemic, terminal market demand has been suppressed to a certain extent, and the industry's production and sales have declined to varying degrees. Coupled with the increase in the base during the same period, the industry's sales volume has declined slightly compared with the previous year.

All sub-sectors have fallen

Compared with the monthly sales peak this year, the various sub-uses of internal combustion engines have fluctuated significantly. The sales of passenger vehicles and motorcycles, which account for a large proportion, have fallen by 10% to 15%; commercial vehicles and construction machinery have dropped by nearly 40%. %; garden machinery use decreased by 20%; agricultural machinery use decreased slightly by 10%; generator set use increased slightly. The cumulative increase from January to July dropped by 6 percentage points compared with the previous six months, a year-on-year increase of 22.16%, and compared with the same period in 2019, there was still an increase of 10.92%, and the increase was little changed from the first half of the year.

In July, the sales volume of internal combustion engines was 3,589,500 units, a month-on-month increase of -3.45% and a year-on-year increase of -5.83%; the power reached 178,765,900 kilowatts, a month-on-month increase of -9.28% and a year-on-year increase of -22.94%. The cumulative sales of internal combustion engines from January to July was 28.9675 million units, a year-on-year increase of 22.16%; the cumulative power reached 153,806 million kilowatts, a year-on-year increase of 16.99%.

In July, in the diesel and gasoline categories, the sales of diesel engines and gasoline engines decreased to varying degrees month-on-month and year-on-year, and the cumulative year-on-year growth rate dropped by nearly 6 percentage points from the previous month. Compared with the previous month, diesel engines increased by -16.36%, gasoline engines increased by -1.58%; compared with the same period last year, diesel engines increased by -21.45% year-on-year, and gasoline engines increased by -3.44% year-on-year. Compared with the same period last year, diesel engines increased by 15.97% year-on-year, and gasoline engines increased by 23.31% year-on-year. In July, 421,900 diesel internal combustion engines were sold, and 3.4366 million gasoline internal combustion engines were sold. From January to July, the sales of diesel engines were 4.0469 million units, and the sales of gasoline internal combustion engines were 24.911 million units.

Passenger cars, agricultural machinery, and general-purpose machines increased month-on-month, while other uses declined to varying degrees. In July, 50,200 single-cylinder diesel engines were sold, a month-on-month increase of -24.52% and a year-on-year increase of -35.39%; cumulative sales from January to July were 513,900 units, a year-on-year increase of -4.12%. The top five companies are: Changchai, Sanhuan, Sifang, Jinfeiyu, and Camille. The multi-cylinder diesel engine commercial vehicle market showed a significant decline in July, which led to a simultaneous decline in the multi-cylinder diesel engine market. The cumulative sales of the part that exceeded last year have fallen from nearly 760,000 units in April to 580,000 units.

The sales of multi-cylinder diesel engine companies totaled 371,800 units, an increase of -15.12% month-on-month and a year-on-year increase of -19.09%; cumulative sales from January to July were 3.5330 million units, an increase of 19.61% year-on-year. The top ten sales of Weichai, Yuchai, Yunnei, Quanchai, Jiefang, Jiangling, Xinchai, Foton Cummins, Dongfeng Cummins, and Shanghai Diesel are all at a historically good level, accounting for 78.70% of the total sales of multi-cylinder diesel engines.

The sales volume of multi-cylinder diesel engines for commercial vehicles was 214,400 units, a month-on-month increase of -15.86% and a year-on-year increase of -27.26%. The cumulative sales volume from January to July was 2.073 million units, a year-on-year increase of 14.63%. The top ten sales are Weichai, Yuchai, Jiangling, Yunnei, Jiefang Power, Fukang, Dongkang, Quanchai, Shanghai Diesel, JAC, and the top ten sales accounted for 88.64% of total sales; Weichai is mostly used in commercial vehicles Cylinder diesel engine market share leads, accounting for 23.64%.

The sales volume of multi-cylinder diesel engines for construction machinery was 69,200 units, an increase of -21.54% month-on-month and a year-on-year increase of -6.64%. The cumulative sales volume from January to July was 557,700 units, a year-on-year increase of 30.10%. The top ten sales are Xinchai, Weichai, Quanchai, Yunnei, Yuchai, Guangkang, Caterpillar, Dongkang, Shanghai Diesel, and Jiefang Power. Its top ten sales accounted for 97.95% of its total sales. The production and sales of the passenger car market for the main supporting multi-cylinder gasoline engines in July fell to varying degrees on a month-on-month and year-on-year basis. Affected by this, the sales of multi-cylinder gasoline engines in July also declined to varying degrees compared with the previous month and the same period last year.

The sales volume of multi-cylinder gasoline engines in July was 1,387,200 units, a month-on-month increase of 0.82% and a year-on-year increase of -15.98%; the cumulative sales from January to July was 10.5357 million units, a year-on-year increase of 16.37%. Ten of the 53 multi-cylinder gasoline engine companies, including FAW-Volkswagen, Zhejiang Geely, Changan Automobile, and Dongfeng Co., Ltd., rank in the forefront of sales.

The small gasoline engine industry is mainly engaged in import and export trade, which is obviously affected by the internal and external environment. Among comparable calibers, the sales of small gasoline engines in July declined slightly from the previous month and increased year-on-year.

Key enterprises are developing well

In the first seven months, Weichai achieved a 16.8% growth in the commercial vehicle diesel engine market, and its share increased by 0.44%, ranking first in the diesel engine industry with nearly a quarter of its share. From January to July, Weichai's two heavy-duty truck companies, which are mainly equipped with heavy trucks and Shaanxi Auto, continued to increase their sales, accounting for 30% of the heavy-duty truck industry. Among them, Sinotruk's monthly sales in July 2021 ranked first in the heavy truck industry. In the field of light trucks, driven by the implementation of the new blue-label regulations, Weichai WP2.5N products equipped with heavy truck, Shaanxi Automobile, Jiefang and other light truck products have frequently appeared in announcements, which is of great significance to Weichai in the field of light trucks.

In the medium and heavy-duty truck market, models such as Chenglong, JAC and Auman Planet equipped with Yuchai machines have been launched. In the bus power market, Higer Traveller equipped with Yuchai YCK09380-60 diesel engine appeared at the Road Transport Exhibition. In the blue-brand light truck market, Yuchai has also developed a layout for 2.5L diesel engines. It is understood that Yuchai is currently developing a 2.5L engine, which is expected to be put on the market early next year. Yuchai’s new 2.5L product is precisely positioned in the 2.5L diesel engine incremental market. , Or relying on the technical advantages of the Y platform of the National VI light aircraft, help Yuchai to cut a bigger piece of the cake in the blue light truck market.

In the first seven months, Jiangling Motors ranked second with Yuchai with 204,000 units, a year-on-year increase of 20.94%. This is due to the sharp increase in the sales of Jiangling in the light truck and pickup fields in the first July of 2021. According to the production and sales data disclosed by Jiangling Motors, from January to July, Jiangling Motors achieved sales in light passenger, truck, pickup, SUV and other market segments. Increased by more than 20%.

In the first 7 months, Yunnei Power's sales of light trucks and small trucks were booming. Due to the fact that the new blue label regulations have not yet been implemented, and Yunnei is one of the few companies in the industry with 2.5L engines, Yunnei’s 2.5L products have taken the lead in the light truck market. In the 343, 344, 345, and 346 batches of announcements, the number of blue-brand light trucks equipped with Yunnei engines has only increased. In the latest batch of announcements, Yunnei D25pro engine was exposed. This new 2.5L power developed specifically for policy will be a stronger competitor in the future.

Jiefang Power’s sales in the first July of the commercial vehicle diesel engine market increased by 0.23% year-on-year. This benefited from the company's high-end transformation goals and actively promoted the development of the Aowei heavy truck market. Aowei's sales volume increased by 30% year-on-year. Sales in the off-road market increased by 11% year-on-year, and Bowei achieved sales of more than 4,000 units in Shandong Lingong. The business unit successfully reached strategic cooperation with Zoomlion and Xugong, and the effect of IPD reform was further released.