Jinxiang low speed electric vehicle market downturn

Small factories face survival pressure and switch to agricultural and sideline products industry

 

  With more than a dozen provinces and cities liberalizing the restrictions on low-speed electric vehicles from policies, more and more manufacturers have joined the industry. Now the speed of market development of low-speed electric vehicles is far from keeping up with the pace of product launch. Although the industry is too complicated and there are no specific statistics, overcapacity definitely exists in the low-speed electric vehicle industry. On the one hand, this is because the threshold of low-speed electric vehicle industry is low, capital flocks, and there are few reasonable plans. On the other hand, it is also because the homogenization of low-speed electric vehicle industry has indeed been very serious.

 

  The "price war" caused by intensified competition will further affect the profits of enterprises. The era of low-speed electric vehicle enterprises panning for gold everywhere is gone. In the market environment of diluted industry profits, some poorly managed large and medium-sized enterprises and most small enterprises have become unsustainable. Therefore, there are many bosses in Jinxiang. Instead of sitting in the workshop to supervise production and negotiate business, they go to the agricultural field and start the garlic business.

 

  The closure and shutdown of small factories also sounded an alarm to dealers. If a brand doesn't even make products, it will naturally be impossible to talk about after-sales service. When choosing a brand, dealers should also consider the service cost after all.

 

Environmental protection failed, and some paint baking plants in Jinxiang were closed

 

  It is an indisputable fact that painting and baking paint have great environmental pollution. Large automatic spraying lines in regular factories are equipped with waste gas treatment devices. Most of the paint baking factories in Jinxiang are small factories, with weak pollution disposal capacity or no treatment measures at all. In the past, paint baking mainly used coal-fired coating equipment, which caused serious pollution, so many factories were closed. However, driven by market demand, some enterprises have built high-temperature paint baking rooms with natural gas and electricity as heating power, which has improved the paint baking production environment, but the corresponding cost has also increased a lot.

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