【China】
Production and Sales Situation
In January, the industry produced and sold 1.3648 million and 1.383 million fuel-powered motorcycles, respectively, representing a month-on-month decrease of 11.52% and 7.38%, but a year-on-year increase of 2.68% and 2.77%. According to incomplete statistics from the Chamber of Commerce, electric motorcycle production and sales were 207,100 and 214,400 units, respectively, with a month-on-month decrease of 24.13% and 19.11%, and a year-on-year decrease of 8.78% and 2%. Total motorcycle production and sales for January were 1.5719 million and 1.5975 million units, respectively, down 10.56% and 9.14% month-on-month, but up 1% and 2.1% year-on-year. Among these, two-wheeled vehicle production and sales were 1.4076 million and 1.4254 million units, respectively, down 10.55% and 6.16% month-on-month, but up 2.72% and 3.44% year-on-year. Large-displacement recreational motorcycles (above 250cc, excluding 250cc) saw production and sales of 64,400 and 59,000 units, respectively, down 7.6% and 12.85% month-on-month, but up 63.87% and 52.85% year-on-year. Three-wheeled motorcycle production and sales were 164,300 and 172,000 units, respectively, down 31.97% and 28.08% month-on-month, and down 11.62% and 7.78% year-on-year.
In January, among the three major vehicle types, cross motorcycles saw production and sales of 882,600 and 879,100 units, respectively, down 7.7% and 6.12% month-on-month, but up 16.09% and 13.8% year-on-year. Scooter production and sales were 384,900 and 390,500 units, respectively, down 12.18% and 5.84% month-on-month, and down 15.57% and 14.91% year-on-year. Underbone motorcycle production and sales were 140,100 and 155,800 units, respectively, down 21.89% and 7.18% month-on-month, with production down 9.16% year-on-year and sales up 6.3%. In terms of the proportion of each vehicle type's sales to total two-wheeled vehicle sales, cross, scooter, and underbone motorcycles accounted for 61.68%, 27.39%, and 10.93%, respectively.
In January, three-wheeled motorcycle production and sales were 164,300 and 172,000 units, respectively, down 31.97% and 28.08% month-on-month, and down 11.57% and 7.71% year-on-year. Among these, ordinary freight three-wheelers saw production and sales of 133,100 and 138,400 units, respectively, down 28.82% and 24.62% month-on-month, but up 12.37% and 9.84% year-on-year. Ordinary passenger three-wheelers saw production and sales of 29,500 and 32,000 units, respectively, down 43.96% and 40.44% month-on-month, and down 12.75% and 2.54% year-on-year.
In January, the top 10 fuel-powered motorcycle sales enterprises (groups) were Dayang, Loncin, Guangdong Daye, Zongshen, Chongqing Yinxiang, Guangzhou Haojin, Jiangmen Zhufeng, Sundiro Honda, Luoyang Northern, and Lifan, with sales of 162,100, 156,700, 87,800, 83,500, 61,000, 58,700, 52,500, 44,200, 38,500, and 38,400 units, respectively. These 10 enterprises collectively sold 728,500 motorcycles, accounting for 56.98% of total motorcycle sales.
In January, according to incomplete statistics from the Motorcycle Chamber of Commerce, the top 10 electric motorcycle sales enterprises (groups) were Yadea Technology Group, Zhejiang Luyuan, Zongshen, Jiangsu Xinri, Jiangsu Huaihai, CFMOTO, Bus New Energy, Wuxing Vehicles, Loncin, and Jinyi, with sales of 81,700, 31,800, 29,900, 18,800, 9,600, 9,300, 6,800, 6,100, 5,000, and 4,500 units, respectively.
1. Export Situation
In January, China's motorcycle foreign trade exports continued the growth trend of the previous year, with export volumes remaining at high levels and showing significant year-on-year growth. Exports of large-displacement motorcycles above 250cc saw substantial growth, and the export product structure continued to optimize, further enhancing the international competitiveness of China's motorcycle products.
In January, motorcycle exports reached 1.0404 million units, down 1.25% month-on-month but up 13.56% year-on-year. Export value was $659 million, down 5.79% month-on-month but up 11.13% year-on-year. Among these, two-wheeled motorcycle exports were 990,200 units, up 0.7% month-on-month and 13.34% year-on-year. Three-wheeled motorcycle exports were 50,100 units, down 28.55% month-on-month but up 18.03% year-on-year. ATV exports were 34,800 units, up 12.21% year-on-year, with an export value of $82 million, up 16.13% year-on-year. Motorcycle parts exports were valued at $34 million, up 13.03% year-on-year.
In January, the top six series in terms of export volume were: 125 series (110ml < displacement ≤ 125ml), 150 series (125ml < displacement ≤ 150ml), 110 series (100ml < displacement ≤ 110ml), 200 series (150ml < displacement ≤ 200ml), 50 series (displacement ≤ 50ml), and 250 series (200ml < displacement ≤ 250ml), with exports of 317,200, 309,300, 124,200, 102,400, 43,200, and 33,500 units, respectively. Compared with the same period last year, the 125 series grew by 12.79%, the 150 series fell by 2.12%, the 110 series grew by 22.58%, the 200 series grew by 70%, the 50 series fell by 7.56%, and the 250 series grew by 25.23%.
In January, the top 10 enterprises in terms of motorcycle export volume were Loncin, Dayang, Guangdong Daye, Zongshen, Chongqing Yinxiang, Guangzhou Haojin, Jiangmen Zhufeng, Lifan, Guangzhou Tianma, and Sundiro Honda. These 10 enterprises collectively exported 642,900 units, accounting for 61.79% of total motorcycle exports, indicating an increase in export concentration.
1. Economic Benefits Situation
From January to December 2024, motorcycle manufacturers achieved an industrial output value of 132.491 billion yuan, up 8.76% year-on-year; industrial sales output value of 133.487 billion yuan, up 9.00% year-on-year; and industrial added value of 24.600 billion yuan, up 10.28% year-on-year.
Motorcycle manufacturers realized operating income of 143.071 billion yuan, up 9.72% year-on-year; total profits of 9.231 billion yuan, up 13.02% year-on-year; and total taxes and profits of 12.168 billion yuan, up 11.09% year-on-year. Operating costs were 121.640 billion yuan, up 10.21% year-on-year; taxes and surcharges were 1.620 billion yuan, up 17.97% year-on-year; sales expenses were 3.394 billion yuan, up 7.15% year-on-year; management expenses were 5.497 billion yuan, down 1.17% year-on-year; R&D expenses were 4.673 billion yuan, up 5.33% year-on-year; and financial expenses were -720 million yuan, down 186.38% year-on-year. The total of the four expenses was 12.844 billion yuan, down 0.55% year-on-year. Among the top 10 enterprises in terms of operating income, most saw an increase in operating income, and half saw an increase in total profits.
At the end of December 2024, motorcycle manufacturers' notes receivable and accounts receivable were 25.563 billion yuan, up 24.80% year-on-year; finished goods inventory was 5.471 billion yuan, up 11.55% year-on-year. The total of notes receivable, accounts receivable, and finished goods inventory at the end of December was 31.033 billion yuan, accounting for 28.71% of total current assets, up 4.11 percentage points year-on-year.
