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Honeywell: 80% Chinese drivers seek fuel economy improvements with next vehicle purchase

[ 时间:2014-12-03 点击:1560 ]

Majority of consumers seeking gains of 10 to 30 percent in fuel economy but still want strong engine performance

·By 2018, Honeywell predicts 26% of passenger vehicle sales in China will be turbocharged, vs. 13% in 2013

SHANGHAI – July 07, 2014 – Honeywell (NYSE: HON) Turbo Technologies, the leading global developer of automotive turbochargers, announced results of a recently conducted online survey in China revealing only one-third (33%) of respondents are satisfied with their current vehicle’s fuel economy, and an overwhelming 80 percent seek fuel economy savings of at least 10 to 30 percent to be satisfied with their next vehicle purchase.

In addition to a desire for more fuel economy, nearly 70 percent (68%) of respondents indicated they prefer to buy smaller cars if they perform like a car with a bigger engine. This was further underscored by 94 percent of respondents who indicated engine performance was an important or very important factor for purchasing a vehicle. Only one-third responded that they are currently satisfied with their vehicle’s drivability as measured by engine responsiveness and power when accelerating or torque.

Among the respondents, those who drive smaller vehicles (engine displacements less than 1.8L) are happier with their fuel economy (48% vs. an average 33%), and those who drive a turbocharged vehicle show the highest satisfaction rate with their fuel economy (65%).

The online survey sponsored by Honeywell polled visitors of auto.163.com and yangche51.com, two of China’s popular automotive news and information portals with a combined daily traffic of 340,000, to gauge consumer expectations of new vehicles coming to market.

“The Chinese market continues to grow more sophisticated as increasing demand for fuel economy is coupled with consumers’ appreciation for smaller cars with advanced technology,” said David Paja, Honeywell Transportation Systems' vice president and general manager, China and India. “Honeywell is enabling this trend with the launch of more than 15 passenger vehicle turbocharger applications in the coming 15 months, for both domestic and global auto makers.”

“The average fuel consumption for PV in China is 7.38L/100km, and the goal is to reach 5L/100km by 2020,” says Kevin Chen, Director of Gasgoo Institute, co-organizer of the survey. “This is no doubt a big challenge for the Chinese auto makers, and many are looking to turbocharging as a practical and proven solution to closing the gap.”

Turbochargers enable a smaller engine to achieve the similar if not improved power outputs of larger naturally aspirated engines while being between 20 to 40 percent more fuel efficient in gasoline and diesel engines respectively. The smaller engine size also makes turbos a technology which can help auto makers meet stricter emissions standards.

Chinese consumers recognize the advantages of turbo technology as 45 percent indicated they would consider buying a turbocharged vehicle in the future. This reflects a significant increase from the 26 percent of respondents who currently drive one. Turbocharging is also a favorite among industry professionals as evidenced by a second survey sponsored by Honeywell and Gasgoo Institute of 1,824 industry professionals in early April. With 75 percent agreeing that maximizing the internal combustion engine remains the most viable option to achieve China’s fuel economy targets, turbocharging was selected the most effective technology worthy of broad adoption (43 percent) ahead of light weighting (19 percent) and direct injection (14 percent).