The explosive growth of the new energy motor and electronic control industry began in 2016. As the main components of new energy vehicles, motors and electronic controls account for approximately 10% and 11% of the total vehicle cost, and their market size has also grown with the explosion of new energy vehicles. Relevant reports show that the cumulative installed capacity of new energy passenger vehicle motors in 2022 will be 5.78 million units, a year-on-year increase of 77.6%. The cumulative installed volume of electronic controls was 5.76 million units, a year-on-year increase of 77%.

The shipment volume of three-in-one and multi-in-one systems reached 3.555 million units, a year-on-year increase of 98%, accounting for 62% of the total supporting volume. Among them, all-in-one shipments reached 414,000 units, accounting for 7% of the total supporting volume, and it began to take shape.

Acceleration is an important feature of new energy vehicles, which has driven the shipment of high-power products above 200kw to 530,000 units, accounting for nearly 10%. Flat wire motor shipments reached 2.762 million sets, accounting for 48%. Driven by new cars from Tesla, NIO, BYD, and Xpeng, the shipment volume of electronic controls equipped with silicon carbide power modules exceeded 500,000 units, accounting for 9.4%.

From the perspective of manufacturers, driven by the rapid growth of BYD and Tesla, Verdi Power and Tesla ranked first and second. CRRC Times Electric has grown rapidly, exceeding 200% year-on-year.

First of all, the technical trend of new energy vehicle drive motors is to increase efficiency. The core requirements of new energy vehicles are high energy efficiency and long cruising range. The efficiency of the drive motor directly determines the energy consumption and cruising range of electric vehicles. In order to improve the efficiency of the drive motor, high-efficiency motor design, material and structure innovation can be adopted to reduce energy consumption loss and heat loss.

Secondly, the technical trend of new energy vehicle drive motors is lightweighting. The weight of new energy vehicles has a direct impact on their cruising range and performance. The lightweight design of the drive motor can reduce the overall weight of the car and improve energy efficiency and cruising range. Lightweight design can use new materials, new processes and new structures, such as carbon fiber materials, aluminum alloy materials and modular design.

Third, the technology trend of new energy vehicle drive motors is high power. The power of the drive motor determines the acceleration and driving performance of the car. With the development of new energy vehicles, the requirements for power performance are becoming higher and higher. In order to meet consumer demands for high performance, the output power of drive motors needs to continue to increase. The high power of the drive motor can be achieved by increasing the voltage level, optimizing the internal structure and control algorithm of the motor.

Fourth, the technological trend of new energy vehicle drive motors is intelligence. With the rapid development of intelligent technology, the drive motors of new energy vehicles also need to have more intelligent functions.

Summary of major domestic motor manufacturers