China's jialing January motorcycle production and sales down nearly 50%

One of China's largest motorcycle companies, China's Jialing (600877.　　SH February 11 Evening issued a notice, the company January total sales of motorcycles 40200, down 46.99%, the production of motorcycles 40,300, down 47.8%.　　Earlier, China's jialing issued a notice, because of the motorcycle industry policy changes, the renminbi appreciation, reduction of the impact of the preparation of the increase, resulting in the company 2010 operating a large loss, estimated losses of 265 million yuan. According to the Ministry of Environmental Protection, standard Committee and other departments promulgated the "Motorcycle State Ⅲ Standard" provisions, from July 1, 2010 onwards, all motorcycle manufacturers can no longer produce emission standards for the country Ⅱ motorcycle type, to the producer Ⅲ type. Due to the need for time to digest inventory and fully rolled out the national Ⅲ production line, the promotion of this standard to the general production of the industry.　　Li, the secretary general of China Motor Co-motorcycle branch, said in the current month that the total industry output of the company was reduced by more than 30% by July. The analysis of Tian-phase investment believes that the implementation of national Ⅲ standard makes China's jialing face enormous cost and marketing pressure.　　However, China's jialing since the beginning of 2010 to start the overall relocation and technical renovation works, is expected to be completed by the end of 2011, motorcycles and engines will be able to achieve an annual output of 850,000 units, 950,000 units, the production value of up to 5 billion yuan.　　China Jialing is one of the largest motorcycle enterprises in China, the leading product "Jialing" motorcycle and its engine existing 50cc-600cc a total of more than 10 kinds of displacement hundreds of models, cumulative production and sales 1500多万辆, is the largest production and sales brand in China. February 11, China's Jialing newspaper received 9.11 Yuan, up 2.47%.