motor

China automobile industry still maintains rapid growth during the first three quarters of 2006. During this period, China automobile industry achieved an overall profit of RMB 52.9 billion, up by 47.5％ over the same period of 2005. China automobile industry has become one of the industries with highest growth rate in China. During the first three quarters of 2006, the production and sales of China automobile industry developed very well. In particular, passenger vehicle generated a dramatic increase and commercial vehicle also got out of the ebb. The rapid development of automobile industry spurs the boom of motor market. Currently, the motor used for passenger vehicle and commercial vehicle is quite different: the passenger vehicle is mainly equipped with the gasoline engine, whereas the commercial vehicle, especially the medium and large ones, mainly depends on diesel engines. The production gap between cars and motors are gradually widening, which is from 80,000 units in 1998 to nearly 1 million units in 2005 for most of joint-venture automobile manufacturers prefer the imported motors. During Jan-Jul of 2006, China automobile production reached 4.1335 million units, which were 500,000 units more than that of engines.