On December 29^th, the fifth member representative conference of the CCCME has been held successfully in Chongqing. The President of the CCCME Zuo Zongshen, Executive Vice President Li Bin, Secretary General Zhang Hongbo, Supervisor Zhou Hongyan and 145 member companies, a total of more than 200 persons have attended this meeting. MEGA CHINAMOTOR, as a member of the council of the Chamber of Commerce, has participated in the whole meeting and brought authoritative interpretation based on the situation of China’s motorcycle industry.

Due to the prevention and control of the pandemic, the conference has adopted a combination of online and offline methods. Jiang Zhongquan, inspector of the Chongqing Municipal Commerce Commission, Liu Jian, Vice Minister of the All-China Federation of Industry and Commerce, Shi Yinghua, Director of Center for Macroeconomic Research and Researcher of Chinese Academy of Fiscal Sciences, Yu Xiang, Deputy Director of the Chongqing Business Management Department of the People’s Bank of China, Gu Fan, Director of the Chongqing Branch of China Credit Insurance and the other guests have been invited to attend the meeting and given important speeches.

A Number of Authoritative Industry Data Has Been Released, Motorcycle Industry Can be Expected in the Future

The Secretary General Zhang Hongbo has shared the Work Report of the Chinese Motorcycle Chamber of Commerce in 2021 and the Financial Report of the Chinese Motorcycle Chamber of Commerce in 2021 with all members and has discussed the Motion on Amending the Constitution of the Chinese Motorcycle Chamber of Commerce and the Convention on Self-Regulation of the Chinese Motorcycle Industry. He has also analyzed and predicted the industry situation this year. He believed that the motorcycle foreign trade market has maintained stable growth with the continuous improvement of the global macro economy. The domestic market has grown slightly overall. Under the strong pull of exports, the production and sales of motorcycles are expected to exceed 20 million this year. Breaking through 150 billion yuan, the total profit and tax reached 10 billion is a high probability event! The motorcycle industry is entering the track of healthy development, changing from quantitative scale to quality efficiency.

Executive Vice President Li Bin has made a report on Analysis of the Overall Situation of China’s Motorcycle Industry. First of all, the report pointed out that from January to November 2021, a total of 18.4445 million motorcycles were sold in the whole industry, with production and sales increased by 14.08 % year-on-year, 20.36% compared with 2019, with an average growth rate of 17.22% in two years. The epidemic has prompted people to explore new ways of travel. Motorcycles are economical, convenient, easy to park and other advantages, making people realize that motorcycle travel is a good choice. From the data of the Ministry of Public Security, it can also be seen that 4.26 million new motorcycles were registered in the first half of the year, an increase of 28.2% compared with the same period last year, compared with the first half of 2019, an increase of 1.818 million, an increase of 74.53%.

Secondly, President Li has also analyzed the seven new characteristics of the current motorcycle industry based on relevant data.

1. Small and medium displacement products are still the main models, tending to be stable and gradually improving. From January to November 2021, the sales volume of small and medium displacement motorcycles (150ml or less) was about 11.828 million, accounting for 72.29 % of the total sales of two-wheeler vehicles. It is estimated that the annual sales volume will exceed 13 million vehicles, reaching the level of 2017.
2. Recreational motorcycle maintains quick increase.Recreational motorcycles (mainly referred to products with displacement of more than 150ml) increased against the trend. Among them, 150ml <displacement ≤ 250ml models have an average growth rate of more than 6% in the past 10 years. From January to November 2021, the sales volume was 1.244 million, an increase of 20.13% year-on-year. It is expected that the whole year the annual sales volume is about 1.35 million vehicles. The average growth rate of motorcycles with a displacement of more than 250ml has been about 50% in the past decade. From January to November, the sales volume was 300,000, an increase of 62.43 percent year-on-year, and the annual sales volume is expected to be about 330,000.
3. The competition for electric motorcycles is fierce, and the growth rate is slowing down.According to incomplete statistics of the CCCME, from January to November 2021, 3.6407 million electric motorcycles were sold, an increase of 4.26 percent year-on-year, and the annual sales volume is expected to be 4 million, an increase of 4% year-on-year. Since electric motorcycles are still in transition in most areas, the strictness of electric motorcycle management is also different, and it is expected that nearly 30 million vehicles will belong to electric motorcycles on the market.
4. The tricycle market has recovered, and the proportion of electric tricycles has increased. From January to November 2021, the sales of tricycles were about 2.1525 million, an increase of 6.82% year-on-year; the sales of electric tricycles were 0.718 million,  an increase of 25% year-on-year, and the proportion of electric tricycles in tricycles reached 33.38%, an increase of 6 percentage points compared with last year. The sales volume of tricycles is expected to be slightly better this year than last year, with sales of about 2.4 million vehicles.
5. The motorcycle export has reached the historically good level. Since the beginning of this year, although the rise in raw material prices and the continuous rise in freight rates have brought certain pressure to motorcycle exports, under the strong support of external demand, China’s motorcycle exports have continued to be positive, and export production capacity has maintained strong resilience. From January to November, China exported 8.1397 million motorcycles, an increase of 29.57% year-on-year, and the export amount was 5.188 billion US dollars, an increase of 44.34 percent year-on-year. Exports are expected to be close to 9 million vehicles this year which is close to the best level in a decade.
6. The imports of motorcycle have increased substantially. The development of China’s leisure and entertainment motorcycle market has led to a significant increase in imported large-displacement motorcycles. According to customs statistics, 132,600 motorcycles were imported from January to November, an increase of 34% year-on-year; the import volume was 5.916 billion yuan, an increase of 33.84% year-on-year. The sales of imported motorcycles are mainly concentrated in Beijing, Chengdu, Shanghai and other economically developed cities.
7. The motorcycle-related industries have developed rapidly.Through the investigation and analysis of Beijing and Chongqing motorcycle exhibitions, China’s motorcycle protection, clothing, modification, derivative culture, tourism, catering and other extended industries have developed rapidly, showing a multiplier growth rate, with a related output value of 100 billion yuan.

Summary 2021, Looking Forward to 2022

The Supervisor Zhou Hongyan has made the supervisor’s work report of CCCME, has affirmed the work of CCCME, has introduced the focus of next year’s supervisor’s work and has put forward the work ideas of supervisor’s work.

The conference deliberated and unanimously adopted the Work Report of the CCCME for 2021, the Financial Report of the CCCME for 2021 and the Work Report of Supervisors of the China Motorcycle Chamber of Commerce in the form of raising hands on the spot and voting by online communication voting. At the same time, it also adopted the Motion on Amending the Constitution of the CCCME and the China Motorcycle Industry Self-Regulatory Convention.

At the end of the conference, the President of the CCCME Zuo Zongshen has made the concluding speech. As the first year after the integration of two sessions, President Zuo has fully affirmed the work of the CCCME and secretariat this year. He believes that with the efforts of the whole industry, all the work of the CCCME has been moving forward in an orderly, standardized, healthy and solid manner which lays a good foundation for the sustainable development of the industry and making remarkable achievements. While affirming the working ideas of the CCCME this year, he has also put forward suggestions and requirements for the future work of the CCCME. It should continue to strengthen the construction of the Party, earnestly enhance the sense of responsibility and mission, standardize self-discipline, promote the transformation, upgrading and healthy development of the industry, and continue to focus on promoting the solution of industry concerns such as urban prohibitions and consumption tax. Solve, improve the influence of the CCCME, carry out relevant activities, and promote industry exchanges. At the same time, strengthen the self-construction, strengthen service awareness and improve business quality. He hopes that all member units will always pay attention to and support the work of the CCCME, give more ideas and efforts for the development of the industry, jointly promote the healthy development of the motorcycle industry, and strive to build the CCCME into a first-class industry organization. Finally, President Zuo has summarized the future development of the industry in some words: he believes that the motorcycle industry is “a need for people’s livelihood, the lifting of the ban can be expected, the future is bright, and there is great potential”!