SHANGHAI, Nov 23 (SMM) – The motor sector rose sharply intraday due to stimulus policy of Motor Energy Efficiency Improvement Plan (2021-2023).

The sector index rose 4.03%, Kangping Technology, Shenli, Weiguang and Zhaowei Electric had their limit up, and MOONS, Jiadian, Sine Electric, and Bafang Electric rose sharply.
According to this document, companies shall preferentially select high-efficiency and energy-saving motors, backward and inefficient motors that do not meet the requirements of current national energy efficiency standards shall be eliminated. Load characteristics and different working conditions can be subdivided, and motors with level 2 energy efficiency and above for general equipment such as fans, pumps, compressors, and machine tools are encouraged. In view of variable load operating conditions, variable-frequency speed-regulated permanent magnet motors with level 2 energy efficiency and above shall be promoted. For transmission systems using gearboxes and couplers, low-speed direct-drive and high-speed direct-drive permanent magnet motors are encouraged. Permanent magnet external rotor electric drum, integrated screw compressor and other motor and load equipment structure integration design technology and products can be vigorously developed.  

Cinda Securities stated that China's motor power consumption accounts for more than 70% of the total. At present, the market share of high-efficiency and energy-saving motors is only about 3%. Motor efficiency is of great significance to energy conservation and environmental protection. The replacement demand for replacing traditional motors with high-efficiency and energy-saving motors will gradually increase as policies and technologies drive high-efficiency and energy-saving motors to continue to reduce costs.