Electrical Equipment / Components & Telecoms

According to recent analysis by the Internal Combustion Engine Industry Association, the internal combustion engine industry’s sales in September improved compared to August, with a month-on-month increase but a year-on-year decline. September is the peak season for market sales. The overall situation of various terminal industries has improved compared with the previous month. However, due to factors such as power cuts, raw material supply and demand conflicts, and extreme weather in local areas, terminal market demand is still suppressed.

Specific to the internal combustion engine industry, the sales volume of the internal combustion engine industry increased slightly from the previous month, but was still declining year-on-year due to the high base number. In particular, the decline in diesel engines has been significant for five months. Compared with the monthly sales peaks this year, the various sub-uses of internal combustion engines fluctuate significantly. The sales of passenger vehicles and motorcycles, which account for the larger ones, have fallen by 10%~12%; commercial vehicles and construction machinery have fallen by 28%~ 52%; garden machinery use fell by 25%; agricultural machinery use fell by 19%; generator set use fell by 25%. From January to September, the industry's overall sales volume increased by 12.81% year-on-year, a drop of 4.11 percentage points from the previous eight months. Compared with the same period in 2019, there was still a 7.97% increase, and the growth rate was slightly narrower than the previous period. Overall, in September, the sales of internal combustion engines were 4.0782 million units, an increase of 11.11% month-on-month and an increase of -13.09% year-on-year; the power was completed at 20,628,500 kilowatts, an increase of 21.87% month-on-month and an increase of -20.30% year-on-year. From January to September, the cumulative sales of internal combustion engines were 36.712 million units, an increase of 12.81% year-on-year; the cumulative power reached 197,792,800 kilowatts, an increase of 11.05% year-on-year.

In September, the multi-cylinder diesel engine company sold a total of 350,900 units, an increase of 7.69% month-on-month and an increase of -31.11% year-on-year; cumulative sales from January to September were 4.299 million units, an increase of 8.14% 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 78.21% of the total sales of multi-cylinder diesel engines.

The production and sales of the passenger car market, which is mainly supporting multi-cylinder gasoline engines, increased month-on-month and decreased year-on-year in September. Affected by this, the sales of multi-cylinder gasoline engines in September also experienced similar fluctuations month-on-month and year-on-year.

In September, the sales volume of multi-cylinder gasoline engines was 153.89 units, an increase of 22.13% month-on-month and an increase of -21.09% year-on-year; the cumulative sales volume from January to September was 13,330,400 units, an increase of 5.00% year-on-year. Ten of the 53 multi-cylinder gasoline engine companies, including FAW-Volkswagen, Geely Power Systems, Changan Automobile, and Dongfeng Co., Ltd., rank in the forefront of sales, and their overall sales account for 54.32% of the industry's sales.