How can PCB enterprises seize the opportunity in strong demand for new energy vehicles

How can PCB enterprises seize the opportunity in strong demand for new energy vehicles

Table of Contents

Recently , Chinese Ideal, NIO, Xiaopeng and other new energy vehicle companies have frequently appeared in the public eyes. In addition to the rising oil prices this year, the market has set off a new wave of heated discussions on new energy vehicles. At the end of last month, after the release of the Ideal’s new cars, the background of the car booking was paralyzed, and the market value was close to 300 billion RMB.

Many traditional car companies have also joined the battle for new energy, and even Huawei has also entered the competition track. Internationally, BYD’s new energy vehicle sales in the first half of 2022 officially surpassed Tesla’s, becoming the number one car company in the world’s new energy vehicle sales in the first half of the year.


Since March, many new energy vehicle companies in China have announced price increases. According to data from the China Association of Automobile Manufacturers, car sales in May fell by 12.6% year-on-year, but new energy vehicle sales increased by 105.2%, and new energy vehicle prices and sales both rose. It reflects the market situation of new energy vehicles in full swing.

According to Wang Zhigang, Minister of Science and Technology, China’s new energy vehicle production and sales have ranked first in the world for seven consecutive years. Market expectations for new energy vehicles are also high. New energy industry research institutions predict that by 2025, global sales of new energy vehicles will exceed 20 million, of which China’s sales will be close to 10 million vehicles. By 2040, global sales of new energy vehicles are expected to exceed 73 million, of which China’s sales will exceed 22 million.

Demand for new energy vehicles is stronger as oil prices rise

Due to the impact of various factors such as the Russian-Ukrainian conflict on the global energy market, global oil prices have continued to rise, and international oil prices have risen by about 50% this year. Since 2022, the retail price of refined oil in China has experienced 10 increases, and the retail price of No. 95 gasoline has historically exceeded the 10 RMB mark. Rising oil prices seem to be forcing many car consumers to turn their attention to new energy vehicles.

new energy vehicle sales

On the evening of July 5, GAC Group released the June production and sales express report, and its car sales increased by 28% month-on-month. Among them, the sales volume of new energy vehicles increased by 19.3% month-on-month. In addition, the sales of BYD, NIO and other car companies continued to rise.

Judging from the current situation, most car companies have gradually gotten rid of the impact of the previous epidemic, and their sales have further increased. Industry insiders said that the second half of the year will usher in a period of intensive release of new cars, superimposed with favorable policies for automobile consumption, and sales of new energy vehicles are expected to continue to rise.

Demand for charging piles is increasing

The demand for charging piles will reach trillions of dollars . The growth in sales and ownership of new energy vehicles has also stimulated the increase in demand for charging.

Bloomberg New Energy Finance predicts that by 2030, the global charging demand for new energy vehicles will reach 1,000TWh; in 2040, the charging demand for new energy vehicles will drive global electricity consumption to increase by 10% to 13%, and in 2040, the cumulative investment in global charging piles demand will reach trillions of dollars.

Demand for charging piles is increasing

Charging piles have also been built all over China. On July 5, the Beijing Municipal Development and Reform Commission proposed that Beijing will build 20,000 charging piles for various types of electric vehicles this year. At the same time, according to media reports, electric car manufacturer Tesla has more than 35,000 super charging piles in the world last month. Tesla has also built and opened more than 1,200 super charging stations and 700 destination charging stations in China, covering more than 370 cities and regions.

While traditional fuel vehicles are already exhausted, the penetration rate of new energy passenger vehicles has risen sharply from 5% in 2020 to 26% in May this year. The present and future of new energy vehicles are unstoppable.

PCB companies actively deploy to seize industry opportunities

In the current wave of electric and intelligent development of automobiles, the traditional supply chain system will be broken and reshaped, while China is at the center of the development of electric and intelligent automobiles, and local supply chain manufacturers will rise accordingly.

Automitive PCB

Products such as millimeter-wave radars in new energy vehicles need to use a large number of high-frequency PCBs, while power batteries, cameras and other products need to use a large number of FPC PCB. Lidar, smart cockpit, ECU, and ADAS systems require HDI because of their finer lines. It is expected that the penetration rate of new energy vehicles will continue to increase in the future, and the proportion of high-end PCB products will continue to increase, which will further increase the value of PCBs and put forward higher requirements for the technical capabilities of PCB manufacturer.

At present, many manufacturers such as Shiyun Circuit, Dongshan Precision, and WUS Printed Circuit have actively deployed and entered the supply chain of mainstream new energy vehicle companies such as Tesla, BYD, and NIO, and seized the opportunity of industry growth.

How PCB enterprises seize the opportunity?

Olympic Circuit : the proportion of automotive PCB is high, and Tesla is the largest car end customer

Olympic Circuit

Tesla, as a strategic cooperative customer of Olympic Circuit, has achieved mass production of PCBs related to its energy storage products in the company. Olympic Circuit began to develop Tesla as its end customer in 2012. It took two years to pass Tesla’s inspection and became its qualified PCB supplier. It began to supply small batches in 2015, and began to supply in batches in 2017. The sales volume has increased steadily. Tesla has become the company’s largest automotive end customer.

In 2021, Olympic Circuit successfully obtained the certification of Xiaopeng Motors and achieved mass supply. Olympic Circuit has also made breakthroughs in China’s new energy vehicle sector. As more and more traditional automakers devote themselves to new energy vehicles, Olympic Circuit is expected to gain a first-mover advantage.

Dongshan Precision: global PCB leader, Tesla FPC supplier

The new energy vehicle business of Dongshan Precision has achieved substantial growth in sales. Its main products include new energy vehicle heat sinks and precision structural parts, and its main cooperative customers include leading companies of new energy vehicle in North American .

Dongshan Precision regards the new energy vehicle business as a new business that it will focus on expanding in the future, and comprehensively develops new products and new services for intelligent new energy vehicles and other fields, including lightweight components, battery pack cooling systems, charging piles and battery module structures.

Dongshan Precision has now become a Tesla FPC supplier and has established cooperation with a number of new energy vehicle manufacturers. It is expected that the automotive field of Dongshan Precision will continue to increase volume in the future, and future performance can be expected.

WUS Printed Circuit: the proportion of automobile boards has increased year by year

The main products of WUS Printed Circuit are 14-38-layer enterprise communication market boards and mid-to-high-end automotive boards. Among them, Huli Microelectronics has successfully developed new products such as BSG control board, ADAS main control board, vehicle energy board, buried ceramic lamp board, and copper-embedded block board, and has begun to gradually introduce mass production.

More resources are invested in HDI product development and production capacity expansion, application research of high-frequency and high-speed materials for automobiles, high-reliability product development and production efficiency improvement, so that WUS Printed Circuit can maintain and expand its competitive advantage.

Kingwong Electronic: at present, both millimeter wave radar and lidar have been supplied in large quantities


Due to the high requirements for safety, automotive electronics have the characteristics of long product certification cycle and high entry barriers, and the automotive PCB business is an important source of the Kingwong’s revenue. Valeo and other well-known automotive electronics companies have become Kingwong’s main customers. At present, the company has supplied large quantities of millimeter-wave radar and lidar, and has layouts in electronic control systems, new energy battery packs, and automotive electronic products. With the vigorous development of new energy vehicles in the future, the performance can be expected.

It is reported that the Kingwong has a relatively sufficient capacity reserve in the field of automotive electronics. Among them, Zhuhai Fushan FPC Factory is expanding its power battery FPC production capacity, and is developing towards refinement and multi-layer development. The monthly production capacity is expected to reach 50,000 square meters in 2023; the design capacity of the high-rise multi-storey factory in Zhuhai is 1.2 million square meters per year, the highest product layer number exceeds 40 layers, and the average product layer number exceeds 12 layers, which is compatible with automotive products.

Jiangxi Phase II hard board factory is located in the field of automotive electronics, and is the first product of Kingwong Smart Chemical Factory. For key projects, the production capacity can be steadily increased mainly through equipment automation and management informatization, and through the LOT control and traceability of the whole process.

Victory Giant: Supplier to Tesla and Desay SV

Vehicle-mounted PCB is one of the main driving forces for the Victory Giant’s future performance growth, and it is also an important downstream application area for the its key layout. Through the accumulation and efforts of the past years, Victory Giant has reserved a large number of high-quality customers. At present, Victory Giant has become a supplier of many automobiles such as Tesla and Desay SV. It is expected to grow rapidly in the future with the increase of downstream new energy vehicles.

Sihui Fushi: Layout lidar and vehicle pcb continues to breakthrough

In the field of automotive electronics, products of Sihui Fushi are mainly used in important automotive safety components such as steering motors and telematics (T-box), as well as automotive lighting systems, antennas, car locks, etc. Customers include CMK, SIIX, UMC, Caldari, Jiken Xinyang and other well-known EMS companies in the industry.

Sihui Fushi’s fundraising projects focus on the automotive field, and it is currently expanding to important safety parts such as body control safety systems and power engine control systems. The steering control systems have been mass-produced. In addition, Sihui Fushi a’s lidar products used in new energy vehicles have also been certified by customers and received small-scale mass production orders.

Kingshine Electronic: has covered BYD, Tesla and other new energy leading car companies

Kingshine Electronic

In 2021, vehicle-mounted PCB will account for about 16.7% of the main business revenue of Kingshine Electronic. Vehicle-mounted PCB is one of the main driving forces for the Kingshine Electronic’s future performance growth, and it is also an important downstream application area for the its key layout. Downstream customers have covered BYD , Tesla and other new energy leading car companies.

Ellington Electronics: New PCB projects are prioritized for automotive electronics PCB and mass order production

Ellington Electronics’s “annual output of 700,000 square meters of multi-layer printed circuit board project” has been basically completed by the end of 2021 and has begun to be commissioned. Automotive electronic PCB and mass order production. In 2021, Eaton Electronics’ automotive PCB sales will continue to increase, accounting for about 45% of the company’s product mix.

Suntak Circuit’s automotive PCBs are mainly used in communication and entertainment systems, body electronic systems, etc., and customers related to automotive electronics include Leading Auto, Joyson Electronics, Aptiv, BYD, Panasonic, Turck , Oufeiguang, etc., indirect customers include BMW, Tesla, etc. Zhuhai Suntak Phase I will increase the capacity reserve related to new energy vehicle PCB in the follow-up.

At the same time, Suntak Circuit is also actively introducing customers for automotive lamps, motors, electronic controls, central control, power and related automotive electronics, and broadening its automotive electronics customers and products. , The track in terms of production capacity.

Bomin Electronics: customers include BYD, GAC, SAIC and many new car manufacturers

Bomin Electronics

Bomin Electronics attaches great importance to the industrial opportunities brought about by the development of new energy vehicles. New energy (including automotive electronics) is one of the Bomin Electronics’s preferred core tracks, and it will account for 27% of this field in 2021.

The automobile products cover traditional automobiles and new energy automobiles, and the main customers include BYD, GAC, SAIC and many new car manufacturers. Among them, BYD is the company’s strategic cooperation customer, and the two parties have cooperation in the fields of consumer electronics, automotive electronics, new energy vehicles, and IGBT ceramic liners.

Aoshikang has a professional automotive electronics factory, and the development of related customers is smooth. At present, there are customers such as Yazaki, HELLA, BorgWarner, BYD, NIO, Siemens, Mobis, Desay SV, and Pioneer Electronics. In the first quarter of 2022, automotive electronics-related orders will increase significantly.

Huizhou China Eagle Electronic: provide customers with new energy vehicle power battery BMS application products

CEE passed the certification of TS16949 and other automotive electronics related systems earlier, and maintains continuous shipments; with the orderly release of new factory production capacity, CEE will focus on strengthening investment and application in the field of unmanned and advanced assisted driving (ADAS) and new energy vehicles.

CEE mainly provides BMS application products for new energy vehicle power batteries for BYD, SAIC Times, Sunwoda and other customers. In order to meet customer and market demand, the company will actively make relevant investments to expand related production capacity.

Camelot Electronic: the largest PCB supplier in the Ningde era

Camelot Electronic

Camelot focuses on the automotive PCB market, especially in the field of new energy vehicle PCB applications. Its products cover battery management systems (BMS), motor controllers, DC/DC converters, on-board chargers, ADAS, charging piles and other core components and supporting facilities.

Camelot is the largest PCB supplier of CATL, the world’s largest new energy vehicle battery manufacturer, and has a strong competitive advantage in the field of new energy vehicle BMS. In the field of automotive electronics, Camelot has accumulated high-quality customers in the field of new energy vehicles such as Ningde Times, Guoxuan Hi-Tech, Funeng Technology, Triad, Yutong Bus, Geely Automobile, Xinrui Technology, and Inball.

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