China’s Industrialized Progress Speeds up Motor Industry Growth

Medium- and small-sized motor industry shows robust growth both in production and sales. In recent years, enterprises of strong financial performance have sped up M&A of medium- and small-sized motor manufacturers. Micro motor industry in China is growing rapidly. The industry foundation has been laid after fast business expansion and intensified competition. Currently, private enterprises account for 80% of total enterprises in the micro motor industry, which are mainly located at Guangdong, Zhejiang, and Jiangsu.