Current status of the motor industry

Update:13 Jul 2019

In recent years, the motor industry has grown from smal […]

In recent years, the motor industry has grown from small to large, showing a general growth trend, but the increase is small, and the industry's profits have declined. According to the statistics of the National Bureau of Statistics, the sales revenue of China's motor manufacturing industry in 2017 was 888.4 billion yuan, basically the same as the previous year, while the total profit was 56.4 billion yuan, a slight decline from the previous year.

The reason is that after the price rise of silicon steel, copper and aluminum, castings, etc., the motor industry is facing various cost pressures brought about by the price increase of mechanical equipment. In 2017, the media called it the "black swan" year of the motor industry. The environmental supervision, the rising prices of raw materials, the subsidy of new energy policies, and the depreciation of the renminbi... have made motor companies unprepared.

From the perspective of enterprise development, compared with the revenue data of domestic listed motor companies in 2017, it can be found that nearly half of the enterprises' profits have fallen sharply, and only a small number of enterprises can still maintain their growth momentum.

Judging from the changes in the number of enterprises above designated size, the statistics of the National Bureau of Statistics show that in 2017, the number of motor manufacturing enterprises above designated size in China increased by only 5 from 2016, with a total of 2,854.