Recently, China’s new energy vehicle companies, such as Ideal, Weilai, and Xiaopeng, have frequently appeared in public. In addition to the rising oil prices this year, the market has a new discussion on new energy vehicles.
At the end of last month, after the release of the ideal new car, the car booking was very busy, and its market value was close to 300 billion yuan. Many traditional car companies have joined the battle for new energy, and even Huawei has entered the competition track.
Internationally, BYD’s new energy vehicle sales in the first half of 2022 officially surpassed Tesla’s, becoming the number one car company in the world’s new energy vehicle sales in the first half of the year.
Since March, many China new energy vehicle companies have announced price increases. According to data from the China Association of Automobile Manufacturers, car sales in May fell by 12.6% year-on-year. Still, new energy vehicle sales increased by 105.2%, and new energy vehicle prices and sales doubled. It reflects the market of new energy vehicles is excellent.
According to Wang Zhigang, Minister of Science and Technology, China’s new energy vehicle production and sales have ranked first worldwide for seven consecutive years.
Market expectations for new energy vehicles are also high. New energy industry research institutions predict in the “New Energy Vehicle Market Long-term Outlook” that by 2025, global sales of new energy vehicles will exceed 20 million, of which China’s sales will be close to 1,000. 10,000 vehicles. By 2040, global sales of new energy vehicles are expected to exceed 73 million, of which China’s sales will exceed 22 million.
Oil prices rise – more Demand for new energy vehicles.
Due to various factors such as the Russian-Ukrainian conflict on the global energy market, global oil prices have continued to rise, and international oil prices have risen by about 50% this year.
Since 2022, and the retail price of No. 95 gasoline has historically exceeded the 10-yuan mark. Rising oil prices to make many car consumers turn to new energy vehicles.
According to the “China Securities Journal,” on July 5, GAC Group released the June production and sales express report, and its car sales increased by 28% month-on-month.
Among them, the sales volume of new energy vehicles increased by 19.3% month-on-month. In addition, the sales of BYD, Weilai, Lili and other car companies continued to rise. From the current situation, most car companies have gradually gotten rid of the impact of the previous epidemic, and their sales have further increased.
An industry expert said that the second half of the year would usher in a period of intensive release of new vehicles, superimposed with favorable policies for automobile consumption, and sales of new energy vehicles are expected to continue to rise.
Demand for charging piles – will reach trillions of dollars
The growth in sales and ownership of new energy vehicles has also stimulated the Demand for charging.
l Bloomberg New Energy Finance predicts that by 2030, the global charging demand for new energy vehicles will reach 1,000TWh;
l in 2040, the charging Demand for new energy vehicles will drive global electricity consumption to increase by 10% to 13%;
l in 2040, the cumulative investment in global charging piles Demand will reach trillions of dollars.
Charging piles have also been built all over China. On July 5, the Beijing Municipal Development and Reform Commission introduced the main content of the “Key Points of Energy Work in Beijing in 2022”, proposing that Beijing will build 20,000 charging piles for various types of electric vehicles this year.
At the same time, according to foreign media reports, electric car manufacturer Tesla had more than 35,000 super charging piles last month. Tesla has also built and opened more than 1,200 supercharging stations and 700 destination charging stations in mainland China, covering more than 370 cities and regions.
In order to implement the State Council’s policy of cultivating strategic emerging industries and strengthening energy conservation and emission reduction, the national policy also supports the development of new energy vehicles and has issued a subsidy policy for users who purchase new energy vehicles, as well as many favorable policies.
For consumers, purchasing new energy vehicles has car purchase subsidies, tax reduction, unlimited travel, etc., further promoting the development of new energy vehicles.
According to the data, while traditional fuel vehicles are already exhausted, the penetration rate of new energy passenger vehicles has risen sharply from 5% in 2020 to 26% in May this year.
Automotive PCB companies
In the current electric and intelligent development of automobiles, the traditional supply chain system will be broken and reshaped, while China is at the center of the development of electric and intelligent automobiles, and local supply chain manufacturers will rise accordingly.
These products, such as millimeter-wave radars in new energy vehicles, need many high-frequency PCBs, while power batteries, cameras and other products need to use a large number of FPCs. Lidar, smart cockpit, ECU, and ADAS systems require HDI multi-layer PCB board because of their finer lines.
It is expected that the penetration rate of new energy vehicles will continue to increase in the future, and the proportion of high-end PCB products will continue to increase, which will further increase the value of PCBs and put forward higher requirements for the technical capabilities of PCB manufacturers.
Many PCB manufacturers such as Olympic Country Co,Ltd, DSBJ, and Wus Printed Circuit have actively deployed and entered the supply chain of mainstream new energy vehicle companies such as Tesla, BYD, and Weilai .
Olympic Country Co,Ltd: The proportion of automotive PCB is high, and Tesla is the largest car end customer
On July 5, Olympic Country Co,Ltd stated on the interactive platform that Tesla, as a strategic cooperative customer of the company, has achieved mass production of PCBs related to its energy storage products in the company.
The company began to develop Tesla as its end customer in 2012. It took two years to pass Tesla’s inspection and become its qualified PCB supplier. It began to supply small batches in 2015, and began to supply in batches in 2017.
Tesla has become the company’s largest automotive end customer. In 2021, the company successfully obtained the certification of Xiaopeng and achieved mass supply. It has also made breakthroughs in China’s new energy vehicle sector. As more and more traditional automakers devote themselves to new energy vehicles, the company is expected to gain a big advantage.
DSJB: Global PCB Leader, Tesla FPC Supplier
DSJB released its annual report saying that the company’s new energy vehicle business has achieved substantial growth in sales. Its main products include new energy vehicle heat sinks and precision structural parts, and its main cooperative customers include North American new energy vehicle leading companies.
The company says the new energy vehicle business as a new business that it will focus on expanding in the future and comprehensively develops new products and new services for intelligent new energy vehicles and other fields, including lightweight components, battery pack cooling systems, and charging piles and battery module structures.
The company has now become a Tesla FPC supplier and has established cooperation with a number of new energy vehicle manufacturers. It is expected that the company’s automotive business will continue to increase volume in the future.
Wus Printed Circuit: The proportion of automobile boards has increased year by year
According to the interactive platform of Wus Printed Circuit, the main products are 14-38-layer enterprise communication market boards and mid-to-high-end automotive boards. Among them, the company has successfully developed new products such as BSG control board, ADAS main control board, vehicle energy board, buried ceramic lamp board, copper-embedded block board, etc., and began to gradually introduce mass production;
Hubei Huangshi No. 2 Factory Automobile Board Special Line Production increase and customer certification have also been smoothly advanced; in the future, the company will invest more resources in the development high-end automotive PCB and capacity expansion.
Kingwong: At present, both millimeter-wave radar and lidar have been supplied in large quantities
Kingwong says that due to the high requirements for safety, automotive electronics have the characteristics of a long product certification cycle and high entry barriers, and the automotive PCB business is an important source of the company’s revenue.
Valeo and other well-known automotive electronics companies at home and abroad have become the company’s main customers.
At present, the company has supplied large quantities of millimeter-wave radar and lidar and has developed in electronic control systems, new energy battery packs, and automotive electronic products. The company’s performance can be expected with the vigorous development of new energy vehicles in the future.
The company has a relatively sufficient capacity reserve in automotive electronics. Among them, Zhuhai Fushan FPC Factory is expanding its power battery FPC production capacity and is developing towards refinement and multi-layer development. The monthly production capacity reaches 50,000 square meters in 2023;
Zhuhai factory is 1.2 million square meters per year, the highest PCB layer number exceeds 40 layers, and the average PCB layer number exceeds 12 layers, which is compatible with automotive products;
Jiangxi Phase II factory is located in automotive electronics, and is the first product of Kingwong Smart Chemical Factory.
Victory Giant: Tesla and Desay SV Supplier
On the investor interaction platform, Victory Giant Technology stated that vehicle-mounted PCB is one of the main driving businesses for the company’s future performance growth.
It is also an important downstream application area for the company’s business. Over the past years, the company has reserved many high-quality customers. Currently, the company has become a supplier of many automobiles such as Tesla and Desay SV. It is expected to grow rapidly in the future with the increase of downstream new energy vehicles.
Sihui Fushi: Layout LiDAR, Vehicle PCB Continues to Breakthrough
Sihui Fushi said that in automotive electronics, the company’s products are mainly used in automotive safety components such as steering motors and telematics (T-box), as well as automotive lighting systems, antennas, car locks, etc. Customers include CMK, SIIX, UMC, Caldari, Jiken Xinyang and other well-known EMS companies in the industry.
The company’s fundraising projects focus on the automotive industry, which is currently expanding to important safety parts such as body control and power engine control systems. The company’s steering control systems have been mass-produced.
In addition, the company’s lidar products used in new energy vehicles have also been certified by customers and received small-scale mass production orders.
Guangdong Kingshine Electronic Technology: has covered BYD, Tesla and other new energy leading car companies.
Guangdong Kingshine Electronic Technology announced that in 2021, vehicle-mounted PCBs would share for about 16.7% of the main business revenue.
Vehicle-mounted PCB is one of the main driving businesses for the company’s future performance growth, and it is also an important downstream application area for the company’s development. Downstream customers have covered BYD, Tesla and other new energy leading car companies.
Guangdong Ellington Electronics Technology: New PCB projects are prioritized for automotive electronics PCB and mass order production
Guangdong Ellington Electronic Technology released its 2021 performance report, stating that the company’s “annual output of 700,000 square meters of multi-layer printed circuit board project” has been completed by the end of 2021 which will used for automotive electronic PCB and mass order production. In 2021, its automotive PCB sales will continue to increase, accounting for about 45% of the company’s business.
SUNTAK said in a recent survey that the company’s automotive PCBs are mainly used in communication and entertainment systems, electronic body systems, etc., and customers related to automotive electronics include Leading Auto, Joyson Electronics, Aptiv, BYD, Panasonic, Turck, Oufeiguang, etc., indirect customers include BMW, Tesla, etc.
In the follow-up, Zhuhai factory Phase I will increase the capacity reserve related to the new energy vehicle PCB. At the same time, the company is also actively introducing customers for automotive lamps, motors, electronic controls, central control, power, and related automotive electronics and broadening the company’s automotive electronics customers and products.
Bomin Electronics: Customers include BYD, GAC, SAIC and many new car manufacturers
Bomin Electronics released its 2021 annual performance report, stating that the company attaches great importance to the industrial opportunities brought about by developing new energy vehicles.
New energy (including automotive electronics) is one of the company’s preferred core businesses, and the company will share for 27% in 2021. the products produced cover traditional and new energy automobiles, and the main customers include BYD, GAC, SAIC and many new car manufacturers. Among them, BYD is the company’s strategic cooperation customer.
The two parties cooperate in consumer electronics, automotive electronics, new energy vehicles, and IGBT ceramic liners.
ASKPCB: Automotive electronics-related orders show substantial growth in the first quarter of 2022
ASKPCB said that the company has a professional automotive electronics factory, and the development of related customers is smooth. Currently, there are customers such as Yazaki, HELLA, BorgWarner, BYD, NIO, Siemens, Mobis, Desay SV, and Pioneer Electronics. In the first quarter of 2022, automotive electronics-related orders will increase significantly.
Zhongjing Electronics: Provide new energy vehicle power battery BMS for BYD and other customers
Zhongjing Electronics passed the certification of TS16949 and other automotive electronics-related systems earlier and maintained continuous shipments;
With the orderly release of new factory production capacity, the company will focus on unmanned and advanced assisted driving (ADAS) and new energy vehicles. Investment and application.
Zhongjing Electronics stated on the investor interaction platform that the company mainly provides BMS products for new energy vehicle power batteries for BYD, SAIC Times, Sunwoda and other customers. In order to meet customer and market demand, the company will actively make relevant investments to expand related production capacity.
Camelot Electronic Technology Co., Ltd: The largest PCB supplier in CATL.
Camelot Electronic Technology Co., Ltd says that the company focuses on the automotive PCB market, especially in new energy vehicle PCB applications, with products covering battery management systems (BMS), motor controllers, DC/DC converters, on-board chargers, ADAS, charging piles.
It is the largest PCB supplier of CATL, and the world’s largest new energy vehicle battery manufacturer, and has strong competitive advantages in new energy vehicle BMS.
In automotive electronics, Camelot Electronic Technology Co., Ltd has accumulated high-quality customers in new energy vehicles such as Ningde Times, Guoxuan Hi-Tech, Funeng Technology, Triad, Yutong Bus, Geely Automobile, Xinrui Technology, and Inball.