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BYD and Inovance are firmly in the top five, Huawei's market share has increased for three consecutive years, and Chinese companies lead the global electric vehicle traction inverter market

WBOY
WBOYOriginal
2024-06-12 09:30:171203browse

News on June 6, the global electric vehicle market has recently shown some new changes. According to the latest data from TrendForce, the global installed capacity of electric inverters in the first quarter of 2024 was 5.22 million units, a 27% sequential decline compared with 7.14 million units in the fourth quarter of 2023. This change is mainly affected by the traditional off-season for electric vehicles.

Among various types of electric vehicles, the proportion of installed drive inverters for pure electric vehicles (BEV) dropped to 48%, a decrease of 5 percentage points from the previous month. At the same time, the installed capacity of drive inverters for hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV) increased from 47% to 52%. This change in data reflects that range anxiety is still the primary consideration for consumers when purchasing a car.

BYD and Inovance are firmly in the top five, Huaweis market share has increased for three consecutive years, and Chinese companies lead the global electric vehicle traction inverter market

According to data, in terms of supply chain, the influence of Chinese companies in the global traction inverter market is gradually increasing. Driven by the domestic substitution strategy, the world's top five inverter suppliers already include two Chinese companies, BYD and Inovance Technology. BYD's inverter products are self-developed and produced, and are mainly used in its own models, while Inovance Technology mainly provides products to emerging new energy vehicle manufacturers such as Lideal, Xpeng, and Xiaomi.

In addition, it is worth noting that Huawei's market share has achieved a quarter-on-quarter growth of 1% for three consecutive quarters, showing strong market competitiveness and the possibility of becoming one of the top five suppliers in the world in the future. Overall, Chinese companies accounted for 34% of the global supply chain inverter market in the first quarter, which means that the market structure dominated by European, American and Japanese companies has been broken.

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