New energy driven motors begin their golden 20 years!

New energy vehicles have entered their golden 20 years, and the market space for drive motors is expected to exceed 200 billion yuan. As one of the core three electrical systems of new energy vehicles, the motor accounts for 5-10% of the value of the entire vehicle and is one of the core components of the new energy vehicle industry chain. With the rapid growth of new energy vehicles, the demand for drive motors has been rapidly released. With the support of dual motors, it is estimated that the total global demand for motors in 2030 will be close to 82 million units, with a market size of approximately 200 billion yuan.

The electric drive system consists of three major assemblies: drive motor, controller, and transmission. Due to the key position of electric drive systems in the new energy vehicle industry chain, vehicle companies, their subsidiaries and independent parts and components companies are actively making arrangements in this field. The domestic motor supply system is immature. There are more than 30 well-known new energy drive motor manufacturers, and only about 15 can supply batches to vehicle companies. Some OEMs have tight control over system integration.

From the perspective of technical form, integration, flat line and platform are the three major trends in future drive motor systems, and third-party companies cannot have both. Focusing on motors and components, insisting on the research and development of flat wire motors, and connecting with car companies’ exclusive electric vehicle platforms are expected to become a breakthrough in increasing share.

New energy vehicles have entered their golden 20 years, and there is huge demand for drive motors

1.1 Rebirth after the epidemic, global new energy vehicle sales resume high growth

The epidemic raged across the world in 2020, and the new energy vehicle industry was severely affected. At a time when domestic industrial policies were adjusted in place and the European Union significantly tightened carbon emissions, the new energy vehicle industry faced unprecedented challenges. However, major countries around the world have actively adjusted their policies and tilted their economic stimulus plans more toward the new energy vehicle industry, allowing the industry to recover quickly after the epidemic. Especially after June, monthly sales data at home and abroad have been rising steadily. The sales volume of energy vehicles was 3.12 million units, a year-on-year increase of 43.36%.

Among them, the sales volume of new energy vehicles in my country was 1.368 million units, a year-on-year increase of 13.6%, accounting for 43.78%; the sales volume of new energy vehicles in Europe was 1.3645 million units, a year-on-year increase of 142%, accounting for 43.66%. The two major markets resonated, and the annual data of new energy vehicles recovered High growth.

1.2 The golden 20 years of new energy vehicles have begun, and the ultimate penetration rate is expected to exceed 80%

Looking back at the changes in policies, changesin the strategies of traditional car companies and changes in consumer behavior from the current point of time, we believe that the driving factors in all dimensions of electric vehicles have reached the critical point of explosion.

from 电机通 public account