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Hairpin Motor is Becoming the Outlet For The Development of the New Energy Drive Motor Industry
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Hairpin Motor is Becoming the Outlet For The Development of the New Energy Drive Motor Industry

  • Time of issue:2021-09-01

Hairpin Motor is Becoming the Outlet For The Development of the New Energy Drive Motor Industry

(Summary description)At present, there is insufficient awareness of flat wire drive motors in the market. From the perspective of international applications, the demand for hairpin motor by automobile manufacturer and motor manufacturers has emerged, and the demand for hairpin motor by automobile manufacturers is increasing. At present, only a few domestic manufacturers have shipped them. Hairpin motor are becoming the core product of the new energy drive motor industry due to their advantages of high power density, low cost, and good temperature performance.

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  • Time of issue:2021-09-01
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At present, there is insufficient awareness of flat wire drive motors in the market. From the perspective of international applications, the demand for hairpin motor by automobile manufacturer and motor manufacturers has emerged, and the demand for hairpin motor by automobile manufacturers is increasing.

 

At present, only a few domestic manufacturers have shipped them. Hairpin motor are becoming the core product of the new energy drive motor industry due to their advantages of high power density, low cost, and good temperature performance. However, due to the high barriers to equipment, technology and materials, it restricts the widespread use of new energy vehicles. The hairpin motor industry is currently a direction that is very worthy of market research and investment. The advantages of hairpin motor include the following:

 

1. Under the same power condition, the volume is smaller, the material is less, and the cost is lower.

2. Better temperature performance.

3. Lower electromagnetic noise.

4. Save copper, save costs, and improve efficiency.

 

According to the research results of Dongxing securities, the future development of the hairpin motor industry is divided into three stages.

 

The first stage: from 2018 to 2020, the penetration rate in the field of new energy passenger vehicles will reach 50%.

 

Marketspace: Assuming that in 2020, the hairpin motor will achieve 50% penetration in the annual sales of new energy passenger vehicle drive motors in China. According to the estimation of 1.6 million new energy passenger vehicles in 2020, the domestic demand for 800,000 hairpin motors is assumed. The unit price is 3,500 yuan, and the market size is close to 3 billion yuan. Calculated based on a 10% net interest rate, it corresponds to a net profit of 300 million yuan in the industry.

 

The second stage: 2021-2022, the penetration rate in the field of new energy passenger vehicles will reach 90%.

 

Marketspace: Assuming that in 2022, the hairpin motor will achieve 90% penetration in the annual sales of passenger car drive motors. According to the estimated sales of 3.2 million new energy passenger vehicles in 2022, the demand will be 2.88 million sets. The assumed unit price is 3,000 yuan, and the market size is Nearly 9 billion yuan, based on a 10% net interest rate, which corresponds to a net profit of 900 million yuan in the industry.

 

The third stage: After 2023, the market share of new energy passenger vehicles will be close to 100%, and at the same time, it will gradually penetrate into the field of logistics vehicles and passenger vehicles, and the market scale will continue to rise.

 

The market for motor companies comes from three aspects: one is its past technology and production precipitation, the other is the accurate prediction of future trends, and the third is the determination to lead the industry in execution.

 

Founded in 2007, Honest Automation is a leading provider of new energy vehicle drive motor equipment solutions in China. The industrial park covers an area of 16,000 square meters, has more than 400 employees, 130 middle and senior engineers, and a modern assembly workshop of 10,000 square meters, which can be assembled with 40 fully automatic lines, three branches in Chengdu, Dalian and Ningbo have been established.

 

The company integrates R&D, production, sales, and service to create independent knowledge product brands and provide enterprises with DC brush and brushless motors, new energy hairpin stator, home appliances, 5G, 3C and other automation equipment. It’s our corporate mission to help companies optimize production capacity.

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