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7.5 million Euro for the bulk delivery of the new Sichuan-Tibet transportation industry.

7.5 million Euro for the bulk delivery of the new Sichuan-Tibet transportation industry.

2022-01-27

Recently, 7.5m Ourei vehicles were delivered in bulk to Kangding Xinchuan-Tibet Transportation Group Co., Ltd. in Ganzi Prefecture, supporting local tourism passenger transport. This client is a long-time customer of the company, and this repeat purchase reflects the excellent quality and good reputation of Ourei products. The 7.5-meter National VI model from Ourei has been recognized by the Ministry of Industry and Information Technology for its efficient fuel economy and has been included in the "Catalog of Energy-Saving and New Energy Vehicle Models Enjoying Vehicle and Vessel Tax Reduction (16th Batch)" published by the Ministry of Industry and Information Technology and the State Taxation Administration. Users purchasing this model can enjoy the benefits of vehicle and vessel tax reductions. As the preferred model for passenger transport "big to small" transitions, the 7.5-meter Ourei has a National VI emission announcement fuel consumption of 10.9L, significantly better than other similar products. Ourei's outstanding economic performance has won widespread praise from customers. In recent years, with the rapid development of China's tourism industry, people's demands for various aspects of travel experiences have been continuously increasing, accelerating the arrival of a quality tourism era. Kangding City is located at the transition zone between the Sichuan Basin's western mountainous area and the Qinghai-Tibet Plateau, with terrain sloping from west to east. The area is rich in tourism resources, but due to its vastness and sparse population, most tourism is long-distance, resulting in long travel times for tourists. Additionally, the high altitude of the Sichuan-Tibet line means that the quality and comfort of vehicles significantly impact the quality of tourism. The vehicles purchased by the client previously performed excellently on the Sichuan-Tibet line, and this repeat purchase also confirms Ourei's reliability in high-altitude environments. Currently, the domestic tourism industry is gradually recovering and developing, with forward-looking companies like Xinchuan-Tibet Transportation already prepared and laid out. Ourei has also been committed to deeply cultivating the market, gaining insights into market demands, and continuously innovating and upgrading products to support the sustainable development of quality tourism and contribute to better travel experiences.

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60 units of Euri electric vehicles have rolled off the production line and will be delivered in bulk to customers in the United States.

60 units of Euri electric vehicles have rolled off the production line and will be delivered in bulk to customers in the United States.

2022-01-12

Recently, 60 units of 7.5-meter electric vehicles have rolled off the assembly line at Yashang New Energy Company and are about to be delivered to American customers. It is reported that this year marks the fourth year of in-depth cooperation between Yashang New Energy Company and American customer GP Group. In 2018, the company first trial-produced 10 units of 7.5-meter electric vehicles for the U.S. market; in 2019, while improving its product quality, the company developed new electric chassis configurations based on the 7.5-meter vehicle, enriching the variety of models to meet new customer demands; in 2020, as the cooperation deepened, a representative from the American customer was stationed at the company to facilitate technical exchanges for new products, marking the beginning of a long-term partnership; this year, the company has successively developed various configurations such as liquid-cooled batteries, rooftop cooling units for complete vehicles, and under-chassis cooling units, fully meeting customer needs. By August 2021, the company had delivered 84 units to American customers, including complete vehicles, chassis vehicles, and CKD (Completely Knocked Down) models. Subsequently, the customer continuously placed additional orders, resulting in a total of 205 units ordered throughout the year, with the company's products receiving full recognition from the customer. Over the years, the company has accurately understood customer needs and continuously improved product quality, earning the trust of customers from the first trial production to the current large-scale orders. The company will continue to consolidate and develop product advantages, actively explore the market, and lead new developments in the industry.

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Weichai 920,000, Yuchai over 510,000, Shangchai/Quanchai leading the rise. In the first 11 months, diesel engine sales reached 5.64 million units, a slight decrease.

Weichai 920,000, Yuchai over 510,000, Shangchai/Quanchai leading the rise. In the first 11 months, diesel engine sales reached 5.64 million units, a slight decrease.

2021-12-27

As 2021 comes to an end, what kind of report will the diesel engine market in our country present? According to data released by the China Internal Combustion Engine Industry Association, from January to November 2021, the sales trend of the internal combustion engine market showed a pattern of "5 consecutive increases + 6 consecutive decreases" year-on-year; for diesel engines, closely related to the commercial vehicle industry, the market sales trend was "4 consecutive increases + 7 consecutive decreases". It can be seen that as the sales of the commercial vehicle market continue to decline, the diesel engine market is also becoming increasingly "cold". In the last month of 2021, the market decline was almost a foregone conclusion due to the high base effect from the previous year. In the first 11 months, 5.64 million diesel engines were sold, with the cumulative growth rate turning negative. In November 2021, the sales of internal combustion engines in China reached 4.6702 million units, an increase of 11.24% month-on-month, but a decrease of 4.05% year-on-year; from January to November, the cumulative sales of internal combustion engines reached 45.5918 million units, a year-on-year increase of 8.93%. Among them, in November 2021, diesel engine sales were 434,900 units, an increase of 13.25% month-on-month, but a decrease of 27.06% year-on-year; from January to November, cumulative diesel engine sales reached 5.6403 million units, with a cumulative growth rate turning negative, down 1.75% year-on-year. Sales of multi-cylinder diesel engines in November were 366,000 units, an increase of 7.82% month-on-month, but a decrease of 26.11% year-on-year; from January to November, cumulative sales reached 4.9244 million units, a year-on-year increase of 1.6%. Sales of multi-cylinder diesel engines for commercial vehicles in November were 183,500 units, an increase of 3.28% month-on-month, but a decrease of 39.64% year-on-year; from January to November, cumulative sales of commercial vehicle diesel engines reached 2.7688 million units, a year-on-year decrease of 6.88%. Note: The percentage data on the trend chart refers to multi-cylinder diesel engines for commercial vehicles. It can be seen that from January to November 2021, diesel engine sales accounted for 12.37% of the internal combustion engine market, a decrease of 1.35 percentage points compared to the same period last year (13.72%); in the diesel engine sector, the proportion of commercial vehicle matching accounted for 49.09%, down 2.71 percentage points from the same period last year (51.8%). So, what changes occurred in the market structure of various enterprises from January to November 2021? Multi-cylinder diesel engines: Weichai 920,000 units, Yuchai over 510,000 units, 6 companies still showing growth. From the market distribution of multi-cylinder diesel engine enterprises published by the China Internal Combustion Engine Industry Association, from January to November 2021, the top ten enterprises accounted for 77.73% of cumulative sales, a decrease of 1.43 percentage points compared to the same period last year (79.16%). Horizontally, the cumulative sales share of the top ten enterprises was highest in January, reaching 80.32%, and then gradually narrowed as the months progressed. From the table above, it can be seen that from January to November 2021, Weichai Holdings sold a total of 922,800 multi-cylinder diesel engines, a year-on-year decrease of 0.65%, with a market share of 18.74%, maintaining the industry’s top position; Yuchai ranked second, with sales exceeding 510,000 units in the first 11 months, a year-on-year increase of 8.24%, with a market share of 10.46%; Yunnei Power ranked third, with sales of 444,700 units in the first 11 months, a year-on-year decrease of 17.45%, with a share of 9.03%. Among the seven companies outside the top three, five companies still maintained a year-on-year growth trend, namely Anhui Quanchai, Jiangling Motors, Zhejiang Xinchai, Dongfeng Cummins, and Shanghai Diesel Engine; among them, Shanghai Diesel Engine had the highest growth rate in the industry, reaching 34.4%. Compared to the same period last year, the market structure has changed significantly. Except for Weichai maintaining its first position and Dongfeng Cummins remaining ninth, the rankings of other companies in the top ten have changed. Notably, Shanghai Diesel Engine successfully entered the top ten due to its outstanding market growth in 2021; compared to January to October 2021, the market structure of multi-cylinder diesel engines only showed slight changes, reflected in the position swap between Jiangling Motors and Jiefang Power. Overall, the multi-cylinder diesel engine market in 2021 experienced significant fluctuations, influenced by many factors, including power rationing, supply-demand conflicts in raw materials, and repeated pandemic outbreaks. The weak demand in the main supporting commercial vehicle market also had a considerable impact. Multi-cylinder diesel engines for commercial vehicles: Fokang vs. Yuchai, Jiefang vs. Yunnei, Shanghai Diesel Engine catching up with Dongkang, competition intensifying. Multi-cylinder diesel engines for commercial vehicles, also known as "diesel engines for commercial vehicles." From January to November 2021, the sales of multi-cylinder diesel engines for commercial vehicles reached 2.7688 million units, accounting for 56.23% of multi-cylinder diesel engines. This means that for every two multi-cylinder diesel engines sold, at least one is used for commercial vehicle matching. However, compared to the continuous narrowing of the cumulative sales share of the top ten multi-cylinder diesel engine enterprises, the multi-cylinder diesel engines for commercial vehicles present a different picture. From January to April 2021, the cumulative share of the top ten enterprises for multi-cylinder diesel engines for commercial vehicles remained above 89%, peaking at 89.88% in February; starting in May, the cumulative share of the top ten fell below 89%, especially from July onwards, it gradually narrowed for five consecutive months. Currently, from January to November, the cumulative share of the top ten enterprises for multi-cylinder diesel engines for commercial vehicles is 88.32%, which is 0.51 percentage points lower than the same period last year. From the perspective of enterprises, from January to November 2021, Weichai Holdings ranked first, with cumulative sales of commercial vehicle diesel engines reaching 603,900 units, with a share of 21.81%; Jiangling ranked second, with cumulative sales of commercial vehicle diesel engines reaching 307,600 units, a year-on-year increase of 2.27%; Foton Cummins and Yuchai are competing for third place, with both having sales of over 260,000 units, with a difference of about 2,000 units; Yunnei Power and Jiefang Power also had similar sales, both exceeding 240,000 units, with a difference of less than 7,000 units; Quanchai exceeded 150,000 units, ranking seventh, while Dongkang and Shanghai Diesel Engine were both at the 120,000 unit level, and Jianghuai approached 100,000 units. Overall, the competition in the commercial vehicle diesel engine market intensified in 2021. Jiangling, Quanchai, Shanghai Diesel Engine, and Jianghuai achieved year-on-year positive growth even in a sluggish market, with cumulative sales at a relatively high level. In terms of market structure, there was no change compared to January to October 2021; compared to the same period last year, Jiangling and Quanchai each rose one position, while Fokang and Yuchai each rose two positions. Notably, both Jiangling and Quanchai achieved increases in both multi-cylinder diesel engine and commercial vehicle diesel engine sales and shares. The increase in Jiangling's commercial vehicle diesel engine sales is closely related to the rise in sales of Jiangling's light passenger vehicles, pickups, and light trucks. According to production and sales reports, Jiangling's light passenger vehicle sales reached 91,000 units, an increase of 13.85% in the first 11 months of 2021, with pickup sales of 59,000 units, an increase of 3.4%, and truck sales reaching 107,000 units; engine production capacity is also increasing, with the 4D30 assembly line capacity optimization project and the PUMA assembly line relocation project both going offline in March, with a production target of over 9,000 units in December for the assembly workshop. In 2021, affected by the upgrade of National VI emissions and the new regulations for blue card light trucks, the sales of the commercial vehicle market fluctuated, which in turn led to significant fluctuations in the diesel engine market related to commercial vehicle matching. However, various engine companies actively responded, moving forward amid opportunities and challenges, with each showing highlights in market performance. For example, Weichai's heavy-duty vehicle power performance reached a historical best, with an expected market share exceeding 32% in 2021, and sales of National VI products exceeding 150,000 units, facing the launch of the WP7H engine for the cargo vehicle market in 2022; Yuchai's National VI orders continued to increase, strengthening cooperation with enterprises, and launching strategic new products in collaboration with Dayun, United Trucks, and Sanhuan; Jiefang Power's Jinwei products continued to increase in Jiefang light trucks, with its Aowei 16L engine "super factory" about to be put into production; Foton Cummins, Yunnei Power, Jiefang Power, and Oukan Power launched new 2.5-liter diesel engines targeting the new regulations for blue card light trucks; Quanchai actively adjusted its product structure, implemented cost reduction and efficiency enhancement measures, and launched high-end power products for National VI... Conclusion As 2022 approaches, industry forecasts suggest that the heavy truck market sales may only reach 1 million units, while the market for 500-horsepower tractors, cargo vehicles, and special vehicles is optimistic. At the same time, the new regulations for blue card light trucks will officially take effect, and the commercial vehicle power market is brewing a major transformation. Under the multiple influences of the trend towards new energy, new regulations, and new opportunities, what new breakthroughs will various engine companies achieve in 2022?

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Which brand tops the list with a difference of a hundred vehicles between Jiangling and Maxus? Changan, Jinlv, and others have achieved growth. Here are the top ten light commercial vehicle sales rankings for November.

Which brand tops the list with a difference of a hundred vehicles between Jiangling and Maxus? Changan, Jinlv, and others have achieved growth. Here are the top ten light commercial vehicle sales rankings for November.

2021-12-27

The light commercial vehicle (LCV) market, as the largest segment of the bus market, has a significant impact on the overall trends of the bus market. In the first eight months of 2021, the continuous growth of the LCV market led to an "8-month consecutive increase" in the bus market. However, in September and October, the continuous decline in the LCV market directly caused the entire bus market to experience a "2-month consecutive decline." Will the LCV market continue to cause the bus market to decline in November? According to the latest data from the China Association of Automobile Manufacturers, in November 2021, the bus market (including incomplete vehicles) in China sold 40,000 units, a month-on-month increase of 2% but a year-on-year decrease of 16%, marking a "three-month consecutive decline." Among these, the light bus market sold 31,500 units, a year-on-year decrease of 13%, creating the largest decline in 2021 and also experiencing a "three-month consecutive decline." The continuous decline in the LCV market is the main reason for the overall decline in the bus market. In November, the sales of 31,500 light buses accounted for 78.92% of the entire bus market, a slight decrease from the previous month (80.86%). Looking at the sales and growth trends of light buses in November over the past five years, it can be seen that the LCV market has shown a trend of decline-increase-increase-increase-decline in November. The sales of light buses in November over the past five years have not varied much, concentrated in the range of 31,000 to 36,000 units. Notably, the sales in November 2019 and 2020 exceeded 35,000 units, while the sales of 31,500 units in November 2021 are at a relatively low level compared to the highest sales in November 2020, which sold about 4,700 units more. In terms of cumulative sales, from January to November 2021, the LCV market sold a total of 372,400 units, the best performance for the first eleven months in the past five years. In 2021, the LCV market broke through 200,000 units for the first time after June and also surpassed 300,000 units for the first time after September, as shown in the chart. In the four years from 2018 to 2020, the LCV market did not exceed 300,000 units after November. After November, the cumulative sales of 372,400 units have successfully surpassed the total sales for the entire year of 2020 (344,200 units), indicating that the performance of the LCV market in 2021 is still outstanding. The sales table for the light bus market in November 2021 (units: vehicles) shows that the light bus market experienced a year-on-year decline of 13%. Among the top ten companies in November sales, five increased and five decreased, with the companies that achieved growth having double-digit increases. The highest increase was from Xiamen Jinlv, ranked 8th in monthly sales, with an increase of 78%. Xiamen King Long also saw an increase of over 50%, reaching 51%. SAIC Maxus and Chongqing Changan, ranked 2nd and 3rd, increased by 12% and 16% year-on-year, respectively. Nanjing King Long's light bus sales in November increased by 22% year-on-year, making it another company with double-digit growth. Among the five companies that experienced a decline in November, four had double-digit decreases, with the most significant decline being 32% year-on-year. In terms of market share, the top ten companies accounted for a total of 94.58% of the market in November, with the top five companies holding a combined share of 77.86%. These five companies captured more than three-quarters of the light bus market in November, with the top four companies each exceeding 10% market share. The top two companies, Jiangling Motors and SAIC Maxus, both exceeded 20% in November, reaching 24.36% and 24.03%, respectively, with a sales gap of only 105 vehicles, indicating a fierce competition for the top position. Changan and Foton, ranked 3rd and 4th, had market shares of 12.13% and 10.90%, respectively, while Nanjing Iveco, ranked 5th in November sales, had a market share of 6.45%. From January to November 2021, the LCV market achieved cumulative sales of 372,400 units, a year-on-year increase of 24%. The cumulative growth rate narrowed by 6 percentage points compared to the first ten months (+30%), with approximately 73,200 more units sold than the same period last year. Among the top ten companies in November sales, nine increased and one decreased, with most companies in the growth range. The highest increase was from SAIC Maxus, ranked second in cumulative sales, which sold 73,400 units from January to November, a year-on-year increase of 45%, surpassing last year's total sales (SAIC Maxus sold 59,700 units in 2020) by 13,700 units. Chongqing Changan, Dongfeng Company, and Xiamen Jinlv had cumulative sales growth rates of 44%, 29%, and 29%, respectively, outperforming the overall LCV market. Jiangling Motors, ranked first in cumulative sales, had a cumulative growth rate of 14%, selling 11,200 more units than the same period last year. In 2021, the LCV market achieved the only "8 consecutive increases" in the bus market. Although it faced consecutive declines from September to November, after November, the cumulative sales of the LCV market reached 372,400 units, successfully surpassing the total sales for the entire year of 2020 (344,300 units), with nearly 30,000 more units sold than last year. With only one month left in 2021, unless there are miracles in the large and medium bus markets, the LCV market is likely to be the only segment in the bus market to achieve growth in 2021.

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Weichai has over 860,000 units, Yuchai nearly 500,000, and Shangchai leads with a 39% increase. The sales of diesel engines have continued to grow in the first ten months.

Weichai has over 860,000 units, Yuchai nearly 500,000, and Shangchai leads with a 39% increase. The sales of diesel engines have continued to grow in the first ten months.

2021-12-10

In October, the internal combustion engine market continued the trend from September, with a month-on-month increase and a year-on-year decrease. According to data from the China Internal Combustion Engine Association, in October this year, 4.1879 million internal combustion engines were sold, representing a month-on-month increase of 2.69% but a year-on-year decrease of 5.79%. From January to October, the cumulative sales of internal combustion engines reached 40.91 million units, with a year-on-year increase of 10.60%, but the cumulative growth rate narrowed by about 2 percentage points. The multi-cylinder diesel engines for commercial vehicles, closely related to the commercial vehicle market, continued to show a month-on-month increase and a year-on-year decrease: in October this year, 177,700 multi-cylinder diesel engines for commercial vehicles were sold, a month-on-month increase of 5.43% but a year-on-year decrease of 37.38%. From January to October, cumulative sales reached 2.5853 million units, a year-on-year decrease of 3.15%, officially entering negative growth. From January to October, diesel engine sales reached 5.2055 million units, with a year-on-year increase of 1.2%. In October this year, domestic diesel engine sales were 384,000 units, a month-on-month decrease of 3.03% and a year-on-year decrease of 29.82%. From January to October, cumulative sales reached 5.2055 million units, with a year-on-year increase of 1.19%. Diesel engines accounted for 12.96% of the total internal combustion engine market share, continuing to decline compared to the previous month, falling below 13%. Among them, the sales of multi-cylinder diesel engines for commercial vehicles in October were 177,700 units, a month-on-month increase of 5.43% but a year-on-year decrease of 37.38%. From January to October, cumulative sales of internal combustion engines for commercial vehicles reached 2.5853 million units, a year-on-year decrease of 3.15%. In October, domestic commercial vehicle sales continued to decline sharply, while the cumulative sales of diesel engines maintained slight growth. However, the cumulative sales of multi-cylinder diesel engines for commercial vehicles have shifted from growth to decline, entering a downward trend. Multi-cylinder diesel engines: In the first ten months, Weichai sold 865,000 units, with significant market share increases for Yuchai, Shangchai, and Quanchai. In October this year, domestic multi-cylinder diesel engine sales again showed a dual decline in both month-on-month and year-on-year terms. In October, multi-cylinder diesel engine sales were 339,400 units, a month-on-month decrease of 3.26% and a year-on-year decrease of 25.98%. From January to October, cumulative sales of multi-cylinder diesel engines reached 4.5585 million units, with a year-on-year increase of 4.75%, but the cumulative year-on-year growth rate continued to narrow. In the first ten months of this year, the top ten companies in multi-cylinder diesel engine sales were Weichai, Yuchai, Yunnei, Quanchai, Jiefang, Jiangling, Xinchai, Foton Cummins, Dongfeng Cummins, and Shangchai, with the top ten sales at historically high levels, achieving a total market share of 78.01%. The table above shows that from January to October this year, Weichai Holdings sold a cumulative total of 864,700 multi-cylinder diesel engines, a year-on-year increase of 2.91%, with a market share of 18.97%, continuing to rank first in the industry. Yuchai ranked second, with cumulative sales of 481,800 multi-cylinder diesel engines from January to October, achieving a year-on-year growth of 9.96%, and its market share increased by 0.5% compared to last year. Yunnei Power remained in third place, with cumulative sales of 416,600 multi-cylinder diesel engines, a year-on-year decrease of 12.64%, and a market share of 9.14%. Among the remaining seven companies, five maintained growth while two declined. The market shares of these seven companies were: Quanchai 8.01%, Jiefang Power 6.31%, Jiangling 6.05%, Xinchai 5.67%, Foton 5.57%, Dongfeng 4.00%, and Shangchai 3.73%. In terms of rankings, compared to January to September, the market rankings from January to October did not change, with seven companies increasing and three decreasing. Among the growing companies, Shangchai had the highest growth rate, with cumulative sales of 170,000 multi-cylinder diesel engines from January to October, a year-on-year increase of 39.05%, and its market share increased by 0.92%, the highest growth rate and share increase among the top ten companies. Additionally, Anhui Quanchai also achieved double-digit growth, with cumulative sales of 365,100 multi-cylinder diesel engines from January to October, a year-on-year increase of 17.35%, and a significant increase in market share by 0.86%. Multi-cylinder diesel engines for commercial vehicles: Weichai accounted for 22.12%, with five companies increasing and five decreasing in the top ten. In October this year, domestic sales of multi-cylinder diesel engines for commercial vehicles were 177,700 units, a month-on-month increase of 5.43% but a year-on-year decrease of 37.38%. From January to October, cumulative sales of multi-cylinder diesel engines for commercial vehicles reached 2.5853 million units, a year-on-year decrease of 3.15%. The top ten companies in sales were Weichai, Jiangling, Foton, Yuchai, Yunnei, Jiefang Power, Quanchai, Dongfeng, Shangchai, and JAC, with a total market share of 88.35%. The table above shows that in the first ten months of this year, the top ten companies in sales of multi-cylinder diesel engines for commercial vehicles had five increasing and five decreasing, with one more company experiencing a decline compared to January to September. In terms of rankings, there was no change in cumulative sales rankings from January to September to January to October. Weichai still dominated the market, with cumulative sales of 571,900 units in the first ten months, capturing 22.12% of the market share, a year-on-year decrease of 6.41%. Jiangling remained in second place, with cumulative sales of 275,600 units from January to October, achieving a year-on-year growth of 5.35%, with a market share of 10.66%, an increase of 0.86%. Foton Cummins remained in third place in the industry, with cumulative sales of 253,600 units from January to October, with a year-on-year growth rate turning negative, decreasing by 1.34%, and a market share of 9.81%, an increase of 0.18%. The fourth, fifth, and sixth places were occupied by Yuchai, Yunnei, and Jiefang Power, all of which experienced varying degrees of year-on-year decline in growth rates and market shares. The seventh to tenth places were held by Anhui Quanchai, Dongfeng Cummins, Shangchai, and JAC, all of which experienced varying degrees of year-on-year growth in growth rates and market shares, with Shangchai having the fastest growth rate, selling 114,800 multi-cylinder diesel engines for commercial vehicles from January to October, a year-on-year increase of 46.26%, and a market share of 4.44%, an increase of 1.5%, the largest increase among the top ten companies. Conclusion In the first ten months of this year, although the cumulative sales of diesel engines maintained slight growth, the cumulative sales of multi-cylinder diesel engines for commercial vehicles have shifted from growth to decline. So, will the cumulative sales of diesel engines also shift from growth to decline after November? In this difficult situation, what kind of performance can various power companies deliver? Please continue to follow the reports from the First Commercial Vehicle Network.

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Jiangling returns to the top spot, with impressive gains from Maxus, JAC, and Golden Dragon. October light commercial vehicle sales ranking.

Jiangling returns to the top spot, with impressive gains from Maxus, JAC, and Golden Dragon. October light commercial vehicle sales ranking.

2021-12-10

The light commercial vehicle (LCV) market, as the largest segment of the bus market, has a significant impact on the overall trends of the bus market. In September 2021, the LCV market experienced its first decline of the year, which directly led to the first decline of the entire bus market in 2021. Will the LCV market cause the bus market to face consecutive declines in October with its "own strength"? According to the latest data from the China Association of Automobile Manufacturers, in October 2021, the bus market (including incomplete vehicles) in China sold 39,000 units, a month-on-month decrease of 1% and a year-on-year decrease of 9%, marking the first "consecutive decline" of 2021. Among these, the sales of light commercial vehicles reached 31,500 units, a year-on-year decrease of 4%, also experiencing a consecutive decline. The decline in the LCV market is a major reason for the overall downturn in the bus market. In October, the sales of 31,500 light commercial vehicles accounted for 80.86% of the entire bus market, a slight decrease from the previous month (82.16%). Looking at the sales and growth trends of light commercial vehicles in October over the past five years, it can be seen that the LCV market has shown a pattern of increase-decrease-increase-increase-decrease. The sales of light commercial vehicles in October over the past five years have not varied much, concentrated in the range of 27,000 to 33,000 units, with two years exceeding 30,000 units in October. The sales of 31,500 units in October 2021 is the second highest in the past five years, about 1,300 units less than the highest sales in October 2020. In terms of cumulative sales, from January to October 2021, the LCV market sold a total of 340,800 units, the best performance for the first ten months in the past five years. In 2021, the LCV market broke through 200,000 units for the first time after June and also surpassed 300,000 units for the first time after September in the past five years. As shown in the chart, from 2017 to 2020, the LCV market did not exceed 300,000 units after October. Overall, the performance of the LCV market in 2021 is outstanding. The sales table for the light commercial vehicle market in October 2021 (units: vehicles) shows that the LCV market experienced a year-on-year decline of 4%. Among the top ten companies in October sales, five increased and five decreased. Two companies achieved double-digit growth, with Chongqing Changan ranking third and Xiamen Jinlong ranking seventh, both achieving a sales increase of 19% in October. SAIC Maxus, Dongfeng, and JAC Motors saw year-on-year increases of 3%, 3%, and 9%, respectively, as the other three companies that achieved growth. Among the five companies that experienced declines, three had double-digit decreases, with the most severe decline being 31%. Foton Motor and Xiamen Golden Dragon had declines of 1% and 2%, respectively, outperforming the overall LCV market. In terms of market share, the top ten companies accounted for a total of 95.20% of the market in October, with the top five companies accounting for 76.22%. These five companies captured more than three-quarters of the LCV market in October, with the top four companies each exceeding 10% market share. Jiangling Motors, which returned to the top of the monthly sales chart, was the only company with a monthly share exceeding 20%, reaching 24.28%. SAIC Maxus followed closely with a share of 19.68%, while Changan and Foton had shares of 13.19% and 11.47%, respectively. Nanjing Iveco, ranked fifth in October sales, had a share of 7.61%. From January to October 2021, the LCV market achieved cumulative sales of 340,800 units, a year-on-year increase of 30%. The cumulative growth rate narrowed by 4 percentage points compared to the first nine months (+34%), with approximately 78,000 more units sold than the same period last year. Looking specifically at the top ten companies in October sales, all ten companies were in the growth range, with the highest increase being SAIC Maxus, which sold 65,800 units from January to October, a year-on-year increase of 50%, exceeding last year's total sales (SAIC Maxus sold 59,700 units in 2020) by more than 6,000 units. Chongqing Changan, Dongfeng, and Nanjing Iveco had cumulative sales growth rates of 47%, 30%, and 39%, respectively, outperforming the overall LCV market. Jiangling Motors, ranked first in cumulative sales, had a cumulative growth rate of 23%, selling 15,300 more units than the same period last year. In 2021, the LCV market achieved the only "8 consecutive increases" in the bus market. Although it faced consecutive declines in September and October, after October, the cumulative sales of the LCV market reached 340,800 units, almost on par with the total sales for 2020 (344,300 units), and nearly 80,000 more units than the same period last year, which is roughly equivalent to more than two months of sales for the LCV market. With only two months left in 2021, it is almost certain that the LCV market will exceed last year's total sales after November, and it is highly likely to be the only segment of the bus market to achieve growth in 2021.

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