Analysis of key enterprises of electric air-conditioning compressors for new energy vehicles

What is the situation of the key enterprises of electric air-conditioning compressors for new energy vehicles? In the field of air-conditioning compressors for new energy vehicles, the technical barriers are very high due to completely different driving forces. Before 2015, Japanese companies completely monopolized the new energy vehicle air-conditioning compressor market, and even the old German manufacturer Bitzer Refrigeration could hardly compete with it, and the latter almost monopolized the global passenger car air-conditioning compressor market. After 2015, domestic compressor companies began to exert efforts, their technical strength gradually increased, and their market share gradually increased.

In the automotive air-conditioning compressor market, Aoteca occupies a relatively high market share. After acquiring 100% of the shares of Mudanjiang Fortis Automotive Air-conditioning Technology Co., Ltd. in 2016, it greatly increased its market share.

In the field of domestic new energy vehicle air-conditioning parts, typical companies include Sanhua Intelligent Control, Yinlun, Aotejia, and Songzhi, etc., all of which have leading products in sub-sectors, with a high market share and a close degree of binding. At the same time, these excellent companies with traditional thermal management components are also actively deploying new energy vehicle air conditioning business.

In recent years, some domestic high-quality new energy vehicle thermal management component companies have successfully entered the supply chain of mainstream new energy vehicle companies at home and abroad, relying on the original market channels and cost advantages of traditional components. The statistics on the products and supporting situation of related thermal parts companies in the air-conditioning of new energy vehicles are as follows: (including other core parts companies of electric air-conditioning systems)

Yinlun shares: The core product is the heat exchanger. The company is a leader in automotive heat exchangers, and its products oil coolers and supercharged intercoolers have a domestic market share of 45% and 35%. At present, R&D investment is continuously increased in the field of thermal management of new energy vehicles, and core products have covered front-end modules, battery coolers, cooling plates, PTC heaters, electronic water pumps, etc. At present, it has received orders from Guangzhou Automobile, BYD, CATL, and Yutong, and has entered GM's supply chain.

Sanhua Intelligent Control: The core product is an electronic expansion valve. In 2016, the company’s electronic expansion valve sales accounted for more than 16% of the global market, and the domestic market accounted for more than 37%. In addition to orders from international famous companies such as Tesla and General Motors, the company has cooperated with Geely, SAIC, Weilai and other new energy sources in China. Automobile manufacturers have established strategic partnerships.

Aotejia: The core product is an electric compressor. The company has been determined to provide air-conditioning electric compressors for five models of electric vehicles on the FAW-Volkswagen MQB platform. In addition, the company has been identified as a European electric compressor supplier for the German Volkswagen global new energy vehicle platform MEB. In November 2017, the company entered Tesla's supply chain. In addition, for its own brands, the company supplies electric compressors for SAIC, Geely, BYD, and NIO.

Songzhi Co., Ltd.: The core product is the new energy vehicle air-conditioning system. It has entered mainstream bus factories and bus companies including Yutong Bus, Zhongtong Bus, King Long Bus, etc. In addition, the company provides new energy passenger car air-conditioning system products for JAC, Changan and Yingshi.

Zhongding Co., Ltd.: The core product is the condenser tube. The company is actively deploying new energy vehicle related fields. It has successively acquired AMK, which has outstanding strength in electric motors and battery control systems, and Green Motion, a leading European charging equipment operation and management company, as well as extremely competitive in the field of engine cooling systems and new energy vehicle battery cooling products. Powerful Tristone. The company's supporting car companies include GM, Volkswagen, Toyota and Nissan.