Fuel vehicles are driven by the heat energy generated by gasoline combustion into kinetic energy, electric vehicles mainly rely on batteries to drive motors, broadly speaking, as long as the use of “electric” to drive the car, can be called electric vehicles (EV), which will further increase the dependence on electronic components, and then drive the entire semiconductor industry.
The biggest bottleneck affecting electric vehicles lies in the “battery”, which also derives different forms of electric vehicles, which are currently mainly divided into three types, namely pure electric vehicles (BEV), hybrid power vehicles (HV), and fuel cell electric vehicles (FCEV).
According to TrendForce Consulting, in 2022, global new energy vehicles (NEVs; Including electric vehicles, plug-in hybrid electric vehicles, and hydrogen fuel cell vehicles), sales volume was approximately 10.65 million units, an increase of 63.6% year-on-year. Among them, battery electric vehicles (BEVs) were 7.89 million units, an annual increase of 68.7%; Plug-in hybrid electric vehicles (PHEVs) increased by 50.8% to 2.74 million units. China and Western Europe remain the two main markets, but the market share gap widens, with China accounting for 63% of the market and Western Europe 29%.
In 2023, the automobile production process is gradually improving, and the impact of the epidemic has gradually receded, and consumers’ demand for travel, work, etc. has increased, which is conducive to automobile sales. But global inflation, higher interest rates and corporate layoffs are not good for consumer confidence. While the auto market is still mixed, NEVs are expected to continue to rise, with sales estimated to reach 14.51 million units in 2023, up 36.2% annually.
At the enterprise level, in terms of BEVs, Tesla will still be the first pure electric vehicle brand in 2022, but its market share will decline to 16.6%, on the contrary, BYD’s market share of pure electric vehicles will increase to 11.5%, and the main growth force will come from BYD’s low-priced model Dolphin contributing about 23% of sales, and the gap between the two markets is only 5 percentage points. The brands after the fourth place in the BEV list have changed slightly, such as Ora, Xiaopeng, and Renault dropped out of the top 10 rankings; BMW entered the top 10 for the first time in recent years, doubling its sales to rank ninth.
In PHEV, BYD won the championship with 946,000 sales, with an annual growth rate of 247% and a rapid expansion of market share to 34.5%. Other brands lacked progress in market share, and the two luxury car series BMW (BMW) and Mercedes-Benz (Mercedes-Benz) remained unchanged. Li Auto benefited from the increase in sales due to the expansion of its product line, and its ranking rose to fifth; Jeep ranked seventh due to sales growth in the United States. However, Volvo, Volkswagen and Toyota all declined in sales and market share, and Audi, which was still in seventh place in 2021, also fell out of the top ten rankings. TrendForce Consulting said that although PHEV sales in China will double in 2022, but Europe is declining, so the brand’s strategy will be the key to determining PHEV sales in various regions this year.
Electric vehicles and fuel vehicles are completely different in structure, and a large number of electronic components are used, which has also become the development of the semiconductor industry.
Taking pure electric vehicles as an example, it is currently mainly divided into five major systems, namely motor power system, vehicle electrical system, charging system, battery system and body system, and because electric vehicles have fewer components and no complex engine technology, the entire supply chain is also flatter, which is conducive to the development of components.
In terms of cost composition, batteries account for about 40%, chassis 15%, interior 16%, automotive electronics 10%, motors 8%, electronic control 6%, and body 5%, compared with the current battery accounts for a very high cost. Therefore, the market often mentions the saying that “those who get batteries win the world”, so the related battery supply chain often becomes the focus of the market.
In order to create cross-industry communication opportunities and promote the automotive and automotive electronics industry, on February 23, the “China International Automotive Electronics Summit Forum” jointly organized by AspenCore, the world’s leading electronic technology media group and Shanghai Transportation Electronics Industry Association, will be held by Sheraton Shanghai Pudong by Yu Hotel. The forum set up exchange platforms such as the Smart Mobility Summit, the Intelligent Driving and Expected Functional Safety Forum, the Intelligent Cockpit and Human-Computer Interaction Forum, and the New Energy Vehicle Development Forum, which triggered more diverse and influential thinking from the perspective of the whole automotive electronics industry chain and multi-dimensional observation.
