What is the development trend of new energy auto parts industry? New energy auto parts industry is ushering in a period of deep change in technological innovation, market expansion and global competition, and its development trend can be summarised in the following five aspects:
In 2025, the global new energy auto parts market is expected to exceed 280 billion U.S. dollars, with China occupying 45% of the share. Batteries, motors, electronic control ‘three electric systems’ for the core growth pole, such as the Ningde Times power battery global market share of 37%, Huichuan technology integrated electric drive system to enhance the energy efficiency of the vehicle by 5%.
Nanshan Aluminium’s automotive aluminium plate has a domestic market share of 40%, helping to reduce the weight of the whole car by 30%; Yunhai Metal’s magnesium alloy dashboard bracket reduces the weight of the whole car by 12%, and carbon fibre composite materials are increasingly widely used in high-end models such as the Azalea.
L2+ level intelligent driving has become the standard equipment of new cars, and the market size will be more than $80 billion in 2025, with Chinese enterprises occupying 30% of the global share. Key technologies such as millimetre-wave radar and high-precision maps have made breakthroughs, and the 77GHz millimetre-wave radar of Huayu Automotive Electronics has been mass-produced, with a cost 30% lower than that of international giants.
Auto parts enterprises are building a ‘local + overseas’ dual-cycle layout, Southeast Asia, Europe, North America has become a key expansion area. Linglong Tire is building an intelligent factory in Thailand to radiate the ASEAN market, and Junsun Electronics has set up an intelligent driving R&D centre in Germany to attract local talents.
What is the development trend of new energy auto parts industry? Against the backdrop of intensified market competition, the trend of industry consolidation is obvious, with headline companies expanding their market share through mergers and acquisitions, and enhancing their technological strength and global layout capabilities. Merit Technology further consolidated its competitive advantage in the high-end spring market by acquiring the equity of Shanghai Nuclear Engineering Disc Spring Manufacturing Co.
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