"The main reason for our investment in Luohuang park lies in the rapid growth of rural market demand!" Feng Yong, general manager of Beiyi automobile industry, said that in recent years, there have been two major trends in China's motorcycle industry: on the one hand, the total production and sales of two wheeled motorcycles used to be a means of transportation have shown a rapid downward trend due to the impact of electric vehicles and the "prohibition orders" in some cities; On the other hand, three wheeled motorcycles, which played a "supporting role" for a long time in the past, benefited from the improvement of rural traffic conditions and the improvement of farmers' purchasing power, and the total production and sales showed a rapid growth trend.
Feng Yong said that there are two important reasons why tricycles are popular in the rural market: first, tricycles have both production and transportation functions. They can not only be used for transportation, but also pull fertilizers and agricultural products. They have become an important means of production for agricultural production; Second, the use and maintenance costs are low, which has more advantages than micro cars. He believes that with the acceleration of rural highway construction and the further improvement of farmers' purchasing power, the demand for tricycles in the rural market will continue to maintain a high-speed growth trend for a long time.