Latest news on offshore wind power, automobile production and sales, engineering machinery, shipbuilding industry, etc

1. The integrated development of "wind power+multiple industries" brings us closer to the new blue ocean of offshore wind power

CCTV News: With the acceleration of global energy transformation, wind energy, as one of the important clean energy sources, is accelerating its development. Data shows that by 2024, China's installed capacity of offshore wind power is expected to exceed 45 million kilowatts, ranking first in the world for four consecutive years. In the first three quarters of 2024, offshore wind power added 2.47 million kilowatts of grid connected capacity, and the cumulative grid connected capacity reached 39.1 million kilowatts. As of the third quarter of 2024, China's cumulative installed capacity of offshore wind power has consistently ranked first in the world for three consecutive years, surpassing the total amount of offshore wind power grid connected countries ranked 2-5. It is predicted that by 2030, the total installed capacity of offshore wind power in China will reach 200 million kilowatts, with a total investment of about 2.6 trillion yuan, driving the total output value of the industrial chain to exceed 20 trillion yuan.

China's wind turbine production capacity accounts for 60% of the global market, blade production capacity accounts for 64% of the global market, gearbox production capacity accounts for 80% of the global market, and generator production capacity accounts for 73% of the global market. In 2023, six Chinese wind turbine manufacturers will rank among the top ten globally, with a market share exceeding 50%.

The offshore wind power industry chain has the characteristics of long chain, high correlation, strong driving force, and wide radiation range. The future development of offshore wind power industry requires improving the level of basic manufacturing technology and strengthening domestic substitution. Promote the intelligence level of wind power electronic chips, support the construction of public verification platforms for the wind power industry, and encourage the integrated development model of "wind power+multiple industries".

The National Development and Reform Commission, the Ministry of Industry and Information Technology, and six other departments recently jointly issued the "Guiding Opinions on Vigorously Implementing Renewable Energy Substitution Action", which pointed out that pilot projects such as deep-sea floating offshore wind power should be carried out. Floating wind power, as a technological high ground for the intersection of wind power generation and ocean engineering, has put forward higher requirements for industries such as deep-sea ocean engineering and high-end equipment manufacturing. In recent years, China has introduced a series of policies to support the development of offshore wind power and promote cooperation among industry chain enterprises.

In November, both the production and sales of automobiles increased year-on-year, but commercial vehicles remained weak

According to data released by the China Association of Automobile Manufacturers on December 11th, the popularity of the automobile market continued in November, and the effect of the trade in policy continued to emerge, further unleashing the demand for car purchases. In the current month, the production and sales of automobiles continued to achieve double growth compared to the same period last year. The performance of the passenger car market continued to strengthen, while the performance of the commercial vehicle market was relatively weak. New energy vehicles continued to grow rapidly, playing a strong supporting role.

In November, the production and sales of automobiles reached 3.437 million and 3.316 million respectively, with a month on month increase of 14.7% and 8.6%, and a year-on-year increase of 11.1% and 11.7%, respectively. The monthly production and sales reached a historic high. From January to November, the cumulative production and sales of automobiles reached 27.903 million and 27.94 million respectively, an increase of 2.9% and 3.7% year-on-year.

(1) Passenger car situation

In November, the production and sales of passenger cars reached 3.109 million and 3.001 million respectively, with a month on month increase of 14.9% and 9%, and a year-on-year increase of 14.9% and 15.2%. The monthly production and sales of passenger cars exceeded 3 million for the first time. Among the main types of passenger cars, compared with last month, the production and sales of the four major categories of passenger cars have all shown varying degrees of growth; Compared with the same period last year, the production and sales of basic passenger cars (sedans) increased slightly, while the production and sales of the other three major categories of passenger cars showed significant double-digit growth.

From January to November, the cumulative production and sales of passenger cars reached 24.459 million and 24.435 million respectively, an increase of 4.3% and 5% year-on-year. Among the main types of passenger cars, compared with the same period last year, the production and sales of sport utility vehicles (SUVs) have slightly increased, the production and sales of crossover passenger cars have increased but decreased, the production and sales of basic passenger cars (sedans) have slightly decreased but increased, and the production and sales of multi-purpose passenger cars (MPVs) have slightly decreased.

(2) Commercial vehicle situation

In November, the production and sales of commercial vehicles reached 327000 and 315000 respectively, with a month on month increase of 12.8% and 5.6%, and a year-on-year decrease of 15.7% and 13.9%, respectively. Among the main varieties of commercial vehicles, the production and sales of buses and trucks have shown varying degrees of growth compared to last month; Compared with the same period last year, the production and sales of passenger cars have slightly decreased, and the production and sales of trucks have decreased by double digits.

From January to November, the cumulative production and sales of commercial vehicles reached 3.444 million and 3.505 million respectively, a year-on-year decrease of 6.2% and 4.4%. Among the main varieties of commercial vehicles, compared with the same period last year, the production and sales of buses increased slightly, while the production and sales of trucks decreased slightly.

(3) New energy vehicles

In November, new energy vehicles continued to maintain rapid growth, with production and sales of 1.566 million and 1.512 million vehicles respectively, an increase of 7.1% and 5.7% month on month, and a year-on-year increase of 45.8% and 47.4%, respectively. New energy vehicle sales accounted for 45.6% of the total new vehicle sales.

From January to November, the cumulative production and sales of new energy vehicles reached 11.345 million and 11.262 million respectively, an increase of 34.6% and 35.6% year-on-year. The sales of new energy vehicles accounted for 40.3% of the total sales of new cars.

(4) Automobile export situation

In November, automobile exports reached 490000 units, a month on month decrease of 9.5% and a year-on-year increase of 1.6%. Looking at different vehicle models, the export of passenger cars was 419000 units, a decrease of 9.9% compared to the previous period and a year-on-year increase of 3.2%; The export of commercial vehicles was 71000 units, a month on month decrease of 7.3% and a year-on-year decrease of 6.6%.

From January to November, automobile exports reached 5.345 million units, a year-on-year increase of 21.2%. By vehicle type, the export of passenger cars reached 4.52 million units, a year-on-year increase of 21.5%; The export of commercial vehicles reached 826000 units, a year-on-year increase of 19.3%.

3. The monthly working hours and operating rate of the main products of construction machinery have increased month on month

According to statistics from the China Construction Machinery Industry Association:

The average monthly working hours of the main products of construction machinery in November 2024 were 96.7 hours, an increase of 8.79% compared to the previous month. Among them: excavator 95.9 hours; Loader for 101 hours; 127 hours for car crane; Crawler crane for 104 hours; Tower crane 59.2 hours; Road roller for 43 hours; 61 hours of paving machine; Rotary drilling rig for 89.6 hours; Off road mining dump truck for 197 hours; Concrete pump truck 52.1 hours; Mixing truck for 80 hours; Forklift takes 69.3 hours.

The monthly operating rate of the main products of construction machinery in November 2024 was 68.6%, an increase of 5.46% compared to the previous month. Among them, excavators account for 74.1%; Loader 67.4%; Automobile crane 85.9%; Crawler crane 64.9%; Tower crane 47.9%; Road roller 56.4%; 73% of pavers; Rotary drilling rig 53.5%; Non highway mining dump truck 53.8%; Concrete pump truck 50.7%; Mixing truck 50.9%; Forklift 47.3%.

4. Overview of shipbuilding industry data for the first three quarters of 2024