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With the implementation of the fuel tax and the promotion of a national 3,000-yuan energy-saving subsidy policy, domestic automakers have begun to pay attention to turbocharged engines with high power and low fuel consumption, which has led to the development of related domestic companies. The use of turbocharging technology can help petrol and diesel vehicles to save up to 20% and 40%, respectively, without compromising performance. At the same time, significant cost savings can be achieved compared to hybrid and electric vehicles. The upgrading of energy-saving vehicle subsidy policies and emission standards will drive the rapid increase in the proportion of turbocharged engines used in automobile engines in China.
Due to the bullishness of this market, multinational companies have recently increased their expansion in the domestic auto market. Honeywell recently announced two new gasoline turbocharging projects: GAC-Fiat and JAC's small-displacement gasoline engine turbochargers. Among them, Guangzhou Automobile uses 1.4 to 1.6L engines and JAC has 1.5L engines. Honeywell currently has joint development projects with more than a dozen Chinese automakers.
Recently, domestic auto equipment companies have begun industrial integration and increased research and development efforts to cope with the impact of foreign giants. At present, Wuxi Cummins Turbo Technology Co., Ltd. is the leading manufacturer in this field, with an annual sales volume of approximately 400,000-500,000 units. Weifu Hi-Tech recently announced that the company has acquired a 51% stake in Ningbo Tianli Turbocharger Co., Ltd. and has thus become the first company in the domestic turbocharged engine market. It is reported that Ningbo Tianli will increase its capital acquisition to further improve Weifu's turbocharged engine product line. In May 2009, Weifu Hi-Tech Co., Ltd. had purchased 100% equity of Intermec Machinery Co., Ltd. Intermec Machinery Co., Ltd. mainly produces turbocharged engines for medium-heavy turbodiesel engines and plans to reach a market scale of 100,000 to 150,000 units in 2012. The increase in the acquisition of a 51% stake in Ningbo Tianli Turbocharger Co., Ltd., will be expected to open up the capacity of turbocharged engines for small and medium-sized turbodiesel engines. At the same time, the company is developing gasoline engine turbocharged engines.
In 2009, a total of 17 million turbocharged engines were sold worldwide. In 2015, this figure will reach 35 million units. By 2015, the share of turbocharged engines in the Chinese market will increase from nearly 10% to 20%, and the share of turbocharged engines in the US market will increase from the current 5% to 20%. The annual sales volume will be 1 million units from now. Increased to 4 million units. In the passenger and commercial vehicle markets in the United States and China, turbocharged engine demand has grown strongly. Although there are many reports on hybrid and electric vehicles on the market, it is clear that automobile manufacturers will pay more attention to turbocharged engine technology and hope to rely on this technology to achieve vehicle energy saving and meet the increasing trend. Strict emissions and energy efficiency standards.