How is the demand for new energy vehicle motors due to the increasing application scenarios? (1)

Against the backdrop of the dual carbon target, the automotive industry is accelerating its electrification transformation, and China's new energy vehicles are developing rapidly. The booming new energy vehicle market has great potential for the development of electric motors in the field of new energy vehicles. As new energy vehicles become increasingly intelligent and their designed functions become more technological, the application scenarios of motors in the new energy vehicle market have also increased. What is the demand for motors in new application scenarios?

From the perspective of the cost composition of new energy vehicles, the electric motor system accounts for about 10% of the entire cost, and the rapidly rising sales of new energy vehicles have strongly driven the demand for installed electric motors. According to the prediction of the China Association of Automobile Manufacturers, the sales of new energy vehicles are expected to reach 9 million units in 2023, a year-on-year increase of 35%.

In terms of new energy vehicle drive systems: development in the direction of multi motor drive

The drive motor is a core component in new energy vehicles. The installed capacity of drive motors is also affected by the production and sales of new energy vehicles. The production and sales of new energy vehicles are increasing, and the installed capacity of supporting drive motors will also increase. An electric vehicle typically contains a main drive motor, but with the advancement of science and technology, dual or multiple motors have gradually emerged in our field of vision. Taking the high-end new energy vehicle Xiaopeng G9 as an example, the Xiaopeng G9 provides two sets of power systems: a two wheel drive single motor and a four-wheel drive dual motor. The four-wheel drive version has a total motor power of 405kW, with the front motor being a 175kW AC asynchronous motor and the rear motor being a 230kW permanent magnet synchronous motor. If four drive motors are used in a new energy vehicle, and based on the predicted sales volume of 9 million new energy vehicles by the China Association of Automobile Manufacturers in 2023, the demand for drive motors for new energy vehicles in 2023 is approximately 36 million units.

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