Automotive motor controller industry is expected to grow at CAGR of 23.4%, and local manufacturers are rising.
1) The growing new energy vehicle market gives a boost to the motor controller market.
The supply and demand in the electric vehicle motor controller market is dependent on the expansion of new energy vehicle market.
At present, countries and automakers worldwide have formulated their plans and requirements for the development of new energy vehicles. In future, new energy vehicle sales will be bound to surge. As the new energy vehicle market booms, the motor controller market will make steady growth. It is predicted that China’s motor controller market will sustain a CAGR of up to 23.4% between 2020 and 2026.
2) In the fiercely competitive motor controller market, local manufacturers lead the way.
Currently, China’s electric vehicle motor controller market is intensely competitive. There are mainly three types of players: automaker-backed companies, local manufacturers, and foreign/joint-venture manufacturers. Among them, automaker-backed players support their own vehicles; local manufacturers are suppliers of Chinese independent auto brands; foreign/joint-venture companies build supply relationships with foreign/joint-venture auto brands.
Local manufacturers now have the upper hand on the strength of the development of homegrown new energy vehicle brands, especially emerging automakers. In 2020, seven out of the top ten manufacturers by market share were local companies, among which BYD still dominated the list with a 13.5% share; Inovance Technology, Sungrow and Huayu E-drive first edged into the top-ten list.
3)N-in-one products hold the trend, and three-in-one drive system will become the mainstream
Motor and ECU integration is a way to not only reduce weight and size of products but cut costs of production and procurement and improve efficiency. In current stage, most companies still stay at the two-in-one phase, while the three-in-one drive system will become the mainstream.
In 2020, China shipped more than 500,000 sets of three-in-one electric drive systems for passenger cars, or around 37% of the total motor controller shipments. Companies including Bosch, BYD, Inovance Technology and Jing-Jin Electric have rolled out their three-in-one electric drive systems. One example is Huawei DriveONE three-in-one electric drive system which boasts peak power density of 3kW/kg, the highest in the industry.
Through the lens of market share, the three-in-one system is still an oligopolistic market. In 2020, Tesla, BYD, XPT and NIDEC took a combined 82.1% of the total sales. Yet as Dongfeng SERES SF5 equipped with Huawei three-in-one system goes into mass production in 2021, the competition in the three-in-one electric drive system market will be more intense.
4) Power modules head in high voltage, and silicon carbide becomes a mainstream material.
New energy vehicles now use 400V electrical voltage systems. 80% SOC for a battery takes about 30 minutes, but the use of an 800V voltage system will cut the time down to 10 minutes. The need for fast charge makes high voltage power modules an inevitable trend.
Manufacturers like Hitachi Astemo, BorgWarner, Vitesco, Inovance Technology and ZF currently have introduced their 800V inverter/electric drive system products to meet fast charge needs, and all use silicon carbide (SiC) material except for Hitachi Astemo.
In BorgWarner’s case, its SiC inverter mass-produced in 2019 is the first 800V inverter using SiC power switch. The double-sided cooling structure makes the inverter 40% lighter and 30% smaller, improves its power density by 25%, and allows the inverter to perform better in thermal conductivity, high temperature stability and efficiency for shortening the charging time and extending the range.
Electric Controller Upstream Market
1) Automotive IGBT market-local companies gear up to scramble
IGBT module which plays a crucial role in new energy vehicles makes up roughly 45% of the cost of electric vehicle motor controller.
Current local companies such as BYD Semiconductor, StarPower Semiconductor and CRRC Times Electric already work hard on new energy vehicle IGBT development, and race to expand their capacity to rival their foreign peers.
China’s automotive IGBT market is dominated by international vendors like Infineon, Mitsubishi Electric, Semikron and Denso, among which Infineon shares over half the market, up to 58.2% in 2019. BYD Semiconductor, StarPower Semiconductor and CRRC Times Electric were however on the list of the top ten automotive IGBT vendors in 2019, especially BYD Semiconductor which became the runner-up with market share of 18%, far higher than the third-ranking Mitsubishi Electric which occupied just 5.2%.
2) Silicon carbide power devices are expected to be an alternative to IGBT, a key component of motor controller.
Globally, there is a belief that silicon carbide is the next-generation semiconductor material.
Compared with Si-based IGBT power devices, silicon carbide (SiC) power devices feature lighter weight, smaller size, higher power density, longer range, lower controller loss, better thermal conductivity, and stronger high temperature resistance. Motor controllers using SiC power devices are an effective way for new energy vehicles to improve range, power mass density, and electric energy conversion efficiency. So SiC power devices are expected to replace IGBT as a key component of motor controller.
Manufacturers such as Delphi and BYD have set about making deployments in SiC motor controller. BYD indicated that from 2020 to 2025, its SiC motor controllers will have three iterations, with applicable voltage platforms up to 800V, power density up to 90kW/L, efficiency up to 99.7%, and rotating speed up to 20,000 rpm.
1.4 Key Performance Indicators
2 Electric Vehicle Motor Controller Market
2.1 Status Quo
2.2 Market Size
2.3 Supply Model
2.4 Competitive Pattern
2.4.1 Comparison of Major Companies
2.4.2 Top10 Motor Controller Companies by Sales, 2019 VS 2020
2.4.3 Market Share
2.5 Supporting Relationships
2.6 Development Trends
2.6.1 Trend 1
2.6.2 Trend 2
2.6.3 Trend 3
2.6.4 Trend 4
2.6.5 Trend 5
2.6.6 Trend 6
2.7 Electric Drive Systems of Major Global Automakers
2.7.1 Tesla Model S Electric Drive System
2.7.2 `8-in-1` Electric Drive/Electronic Control Assembly in BYD E-platform 3.0 Architecture
2.7.3 GM Voltec Intelligent Electric Drive System
2.7.4 Volkswagen MEB Electric Drive System
2.7.5 Toyota Highlander Electric Drive Assembly
2.7.6 Changan `7-in-1` Electric Drive System
2.7.7 BMW eDrive Electric Drive System
3 Global Motor Controller (Inverter) Manufacturers
3.1 Hitachi Astemo
3.1.1 Major Customers
3.1.3 Electric Vehicle Business
3.1.4 800V High Voltage Inverter
3.2 Mitsubishi Electric
3.2.2 Electric Vehicle Business
3.2.3 Electric Vehicle Power Semiconductor Business
3.3 Robert Bosch
3.3.2 Electric Vehicle Business
3.3.3 Electric Axle Drive (eAxle)
3.4.3 Vitesco Third-generation Electric Drive System
3.5.1 Acquisition of Delphi
3.5.2 Electric Vehicle Business
3.5.3 Motor Controllers
3.5.4 iDM Three-in-one Electric Drive Module
3.5.5 800V Silicon Carbide Inverter
3.6 Hyundai Mobis
3.6.1 Electrification Business
3.7.1 Three-in-one Electric Drive System
4 Chinese Motor Controller (Inverter) Manufacturers
4.1 Shanghai Edrive Co., Ltd.
4.1.2 Main Products-Mini Vehicle System
4.1.2 Main Products-Commercial Vehicle System
4.1.2 Main Products-Passenger Car System
4.1.3 Technical Features
4.1.4 Application Cases
4.2 Shenzhen Inovance Technology Co., Ltd.
4.2.2 Development History of New Energy Vehicle Business
4.2.3 Core Strengths of New Energy Vehicle Business
4.2.4 Drive Motor Controller Products
4.2.5 Class A Three-in-one Powertrain System
4.2.6 Passenger Car Powertrain System
4.2.7 Vehicle Power Supply Products
4.2.8 Major Customers of Automotive Electronics
4.2.9 New Products
4.3 Shanghai Dajun Technologies Inc
4.3.2 Integrated Control Solutions
4.3.3 PHEV Solution (Single-controller, Dual-motor)
4.3.4 Mechatronics Solution
4.3.5 Passenger Car Electric Drive System
4.3.6 Commercial Vehicle Electric Drive System
4.4 Tianjin Santroll Electric Automobile Technology Co., Ltd.
4.4.2 Power System Solutions for Battery Electric Commercial Vehicles
4.4.3 Generation 5 Hybrid Power System
4.4.4 AC Asynchronous Motor Controller
4.5 Zhongshan Broad-Ocean Motor Co., Ltd.
4.5.2 Electric Vehicle Motor Controller Business
4.5.3 New Energy Vehicle Powertrain System Business
4.6 United Automotive Electronic Systems Co., Ltd. (UAES)
4.6.1 Major Customers
4.6.2 Electric Drive Business
4.6.3 Electric Vehicle Motor Controller Products
4.6.4 Mass-produced Electric Axle EAU100
4.7 Hunan CRRC Times Electric Vehicle Co., Ltd.
4.7.1 Major Customers
4.7.2 Battery Electric Vehicle Drive System Platform-T Power
4.7.3 Control Assembly Products
4.7.4 Extended-range Plug-in Solution
4.7.5 Dual-sided Water Cooling Controller
4.8 BYD Co., Ltd.
4.8.1 Operation of BYD
4.8.2 Development History of BYD’s Electronic Control Business
4.8.3 BYD’s Electric Vehicle Motor Controller Business
4.8.4 BYD Three-in-one Electric Drive Assembly
4.8.5 FinDreams Powertrain Co., Ltd.
4.8.6 R&D Competence of FinDreams Powertrain
4.8.7 Electronic Control Test Resources and Manufacturing Capability of FinDreams Powertrain
4.8.8 FinDreams Powertrain’s Product Lines and Application
4.8.9 FinDreams Powertrain’s Product Plan for Silicon Carbide Motor Controllers
4.9 Zhuhai Enpower Electric Co., Ltd.
4.9.2 New Energy Vehicle Business
4.9.3 Major Customers of New Energy Vehicles
4.9.4 New Energy Vehicle System-MC39 Series Controllers
4.9.4 New Energy Vehicle System-PMU N-in-one New Energy System
4.9.4 New Energy Vehicle System-DA Series Electric Drive Assembly
4.9.4 New Energy Vehicle System-PSU Vehicle Power Supply Platform
4.9.5 Engineering Vehicle System-MC33-37 Series Controllers
4.9.5 Engineering Vehicle System-DC-DC Converter
4.9.5 Engineering Vehicle System-CH4100-4300 Series Intelligent High-efficiency Chargers
4.10 Shenzhen V&T Technologies Co., Ltd.
4.10.2 Electric Vehicle Motor Controller Business
4.10.3 N-in-1 Electric Vehicle Motor Controllers
4.10.4 Main Drive Motor Controller
4.10.5 Auxiliary Motor Controller
4.10.6 Main R&D Projects (by the end of 2020)
4.11 Fujian Fugong Engineering Technology Co., Ltd.
4.11.1 Major Customers
4.11.2 Three-in-one Controller
4.11.3 Motor Controllers
4.11.4 Other Controller Products
4.12 Chroma ATE Inc.
4.12.1 Motor Controller CP Series
4.12.2 Motor Controller CR Series
4.12.3 eAxle Three-in-one Electric Drive System Module CX Series
4.13 Jing-Jin Electric Technologies (Beijing) Co., Ltd.
4.13.2 Main Products
4.13.3 Sales Volume and Unit Price
4.13.4 Main Supported Models
4.13.5 Silicon Carbide Motor Controller Products
4.13.6 IPO Fundraising Projects
4.13.7 Main Customers
4.14 DEC Dongfeng Electric Machinery Co., Ltd.
4.14.1 Motor Controllers
4.15 Shenzhen Megmeet Electric Co., Ltd.
4.15.1 EV Solutions
4.15.2 Development History of EV Solutions
4.15.3 Major Customers
4.15.4 Motor Controllers
4.16 Shanghai XPT Technology Limited
4.16.1 Installations of Electric Drive Systems
4.16.2 Electric Drive Systems (EDS)
4.17 Huayu Automotive Electric Drive System Co., Ltd.
4.17.1 Motor Controller of Huayu E-drive
4.17.2 Operation of Huayu E-drive
4.17.3 HASCO Magna Electric Drive System Co., Ltd.
4.17.4 Main Products of HASCO Magna
4.18 Hefei Sungrow Electric Power Technology Co., Ltd.
4.18.1 Motor Controllers
4.18.2 SiC Motor Controller
4.18.3 The 100,000th EC11 Series Controller Went off the Production Line
4.19.1 Smart Electric Business
4.19.2 Motor Controllers
4.19.3 Three-in-one Electric Drive System
4.19.4 N-in-one Electric Drive System
- Hitachi Astemo
- Mitsubishi Electric
- Robert Bosch
- Hyundai Mobis
- Shanghai Edrive Co., Ltd.
- Shenzhen Inovance Technology Co., Ltd.
- Shanghai Dajun Technologies Inc
- Tianjin Santroll Electric Automobile Technology Co., Ltd.
- Zhongshan Broad-Ocean Motor Co., Ltd.
- United Automotive Electronic Systems Co., Ltd. (UAES)
- Hunan CRRC Times Electric Vehicle Co., Ltd.
- BYD Co., Ltd.
- Zhuhai Enpower Electric Co., Ltd.
- Shenzhen V&T Technologies Co., Ltd.
- Fujian Fugong Engineering Technology Co., Ltd.
- Chroma ATE Inc.
- Jing-Jin Electric Technologies (Beijing) Co., Ltd.
- DEC Dongfeng Electric Machinery Co., Ltd.
- Shenzhen Megmeet Electric Co., Ltd.
- Shanghai XPT Technology Limited
- Huayu Automotive Electric Drive System Co., Ltd.
- Hefei Sungrow Electric Power Technology Co., Ltd.