CHINA PRODUCES 21M MOTORBIKES
CHINA PRODUCES 21M MOTORBIKES
16 February 2007
This from China's Economic.Net webzine, which shows the official tally of motorcycle production hit 20 million units in 2006;
In 2006, both China's production volume and sales volume of motorcycles broke through the 20 million barrier to amount to 21million sets; a gross goal set for the motorcycle industry to obtain an output of about 20 million sets of motorcycles as planned was realized ahead of schedule.
Statistics show that the accumulative production volume of motorcycles during the whole year amounted to 21.4435 million sets, 3.6763 million sets more than the total annual outputs of the year before.
With eight motorcycle producers having produced and sold over 1 million units, a trend that the fittest survives is very obvious.
The top ten largest companies in terms of their respective production and sales volumes were Grand River Group, Loncin, Chongqing Jianshe Yamaha Motor Co., Ltd., China Jialing Group, Lifan Group, Qianjiang Motorcycle Group, Zongshen Industrial Group, Luoyang Northern Enterprises Group Co., Ltd., Jinan Qingqi Motorcycle Co., Ltd. and Jincheng Motors Group, among which the first eight companies had both a production and a sales volume of over 1 million each.
Judging from the number of companies having submitted reports, 105 companies reported their respective data on their annual production and sale volume; this is 13 companies less than the year before, and 28 less than 2004.
At the same time, China's exports of motorcycles increased rapidly. The exports of 70 producers actually increased 40.64% year on year to 6.4035 million, which accounted for 30.11% of the total sales volume.
That shows that after China's entry into the WTO, its motorcycle industry is "going out" and acquiring a sustained and rapid growth rate. The top 12 companies in terms of their exportation volume are Loncin, Jincheng Motors Group, Lifan Group, Grand River Group, Zongshen Industrial Group, China Jialing Group, Jinan Qingqi Motorcycle Co., Ltd., Chongqing Jianshe Yamaha Motor Co., Ltd., Sundiro Honda Motorcycle Co., Ltd., Chongqing Yinxiang Motorcycle (Group) Co., Ltd., Guangzhou Dayang Motorcycle Co., Ltd. and Qianjiang Motorcycle Group.