China's electric vehicle motor controller market will reach 28.1 billion yuan in 2020

2018-10-26 16:15:36 SUI ON INSULATING MATERIALS CO., LTD 3

Market research company Reportlinker recently released the "China EV (Electric Vehicle) Motor Controller Industry Report (2017-2020)", the report pointed out that China's EV motor controller market is expected to climb to RMB 28.1 billion in 2020. The car dominates.

The motor drive control system (drive motor and motor controller) is an important execution mechanism for EV operation. The control and drive performance determine some of the main performance indicators of the car. A motor drive control system is required for every EV or PHEV (hybrid vehicle).

The price of the motor controller varies depending on specifications and performance requirements. The market price of electric vehicle motor controllers is usually RMB 30,000-50,000/set (average about 45,000 RMB), electric vehicle single motor controller RMB 7000/set, passenger car single controller car RMB7,500/set , passenger car multi-function controller 12,000 yuan / set.

Since dual motors can simplify plug-in hybrid systems and improve drivability (such as the BMW 2 Series PHEV, Toyota Prius, BYD Don, BYD), the proportion of EVs (especially PHEVs) carrying dual-motor systems will continue to rise.

In 2016, China's demand for electric vehicle controllers was about 590,000 units, worth about 9.1 billion yuan, mainly concentrated in the field of commercial vehicles. It is estimated that the market size of EV motor controllers will climb to RMB 28.1 billion in 2020, and passenger cars will dominate.

China's EV motor controller market is dominated by foreign brands. Due to the relatively high price, the market share in the market cultivation and early development stage is relatively low. Domestic companies are mainly divided into two categories: electric vehicle manufacturers, which generally produce electric vehicle controllers for their own vehicles; and EV parts companies that produce EV motor controllers for specific or non-specific vehicle manufacturers.

Some automakers may, after mastering the technology, increase their own research and development of motor electronic control and produce their own products; however, most vehicle manufacturers that do not have this capability still choose third-party products. Therefore, companies with core technologies, mature product experience and good cost control will be the main beneficiaries.

As the competition in the electric vehicle controller market becomes more and more fierce, the mature products of Chinese EV motor controller manufacturers and the deep participation of foreign-funded enterprises will tend to decline in price. In addition, as subsidies decline, the cost shift of vehicle manufacturers will also have a significant impact on the price of motor controllers.


Suion Insulation

Founded in Hong Kong in 1986, currently has five branches in China;

DuPont China and Hong Kong distributor;

Acting brands are: DuPont, Axal, Renazhi, Toyo Express, Kejibi, etc.;

In 2003, the company registered the SOFLEX® trademark and developed and produced products such as NHN.

A Hong Kong-funded high-tech enterprise integrating R&D, production, sales and service.

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