Benefiting from the rapid growth of the construction machinery market and the stable demand of the heavy truck market, the main distribution engine market also ushered in a good start in 2011. Recently, Weichai Group, the leading domestic engine supplier, learned that in the first quarter of 2011, Weichai Group had sufficient orders, and its engine production and sales were expected to exceed 200,000 units, an increase of more than 30% over the same period of last year. The monthly average of high-speed and high-power engines was higher than that of 2010. More than 20,000 units were produced, laying a solid foundation for the overall production and sales target of Weichai Group in 2011.
According to reports, although the overall transportation market including tractors has not yet fully started, due to the growth rate of more than 30% in the construction machinery market and the demand for heavy-duty trucks driven by domestic infrastructure construction, the first quarter of 2011, weichai engine products are all To maintain growth, the domestic market share of the leading product heavy truck engine has reached over 42%.
In 2010, the Weichai engine production line was operating at full capacity throughout the year. In 2011, breaking the capacity bottleneck became an important task for the company. With the completion of the Weichai Group's capacity increase project partially completed and put into use, from January to March 2011, the monthly average monthly output of high-power engines increased by 20,000 units, the production capacity was gradually released, and the market supply and demand conflicts began to ease. With the successive production of new production lines, the shortage of production capacity of the Weichai Group has gradually eased. In the first half of 2011, the capacity of the Weichai Group's high-power, high-speed engines could reach a level of over 80,000 units per month.
However, due to the strong demand in the construction machinery and heavy truck market in the first quarter of 2011, coupled with the high level of user recognition of Weichai engine quality, service and brand, even though the output of Weichai Group is much higher than the level of the same period in 2010, The tight supply of Weichai engine products continues. The order for April has reached 70,000 units, and the contradiction between supply and demand is still outstanding. Weichai has mobilized all forces to meet the market demand. The front-line workers have three shifts of production. In the first-line production workshop, the company dispatches someone to deliver food to the production site.
According to reports, while maintaining the continuous growth of the existing market, Weichai has begun to expand new business in the construction machinery power supporting market for medium and heavy trucks, low-speed vehicles, and excavators, and the product structure of the Weichai Group's engine will also be It tends to be comprehensive and reasonable.
According to the laws of the construction machinery and commercial vehicle market for many years, the intensity of competition in the market is often tight and loose. Therefore, in the first half of the year, the market is basically guaranteed. Responding to market demands must be prepared ahead of time. Due to the strong market relevance of Weichai products, despite the excellent construction machinery market in the first quarter of 2011, if the tractor market represented by the transportation market in the next two months has not yet started, it will The market situation has an adverse effect. In this regard, Weichai's strategy is to maintain and increase the market share of Weichai products, and continue to develop new markets, while at the same time through high-quality services, greatly expand the market.
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