TOP 10 PCB suppliers in China in the automotive field
The market for new energy vehicles continues to expand, and the PCB required for electrification and intelligence has created a large increase in the industry. Global automotive electronics output value is expected to register a CAGR of approximately 6% from 2019 to 2023, making it the fastest growing downstream segment for PCB products.
New energy vehicles need to use a large number of high-frequency PCB, and power batteries, cameras and other products need to use a large number of FPC PCB, laser radar, intelligent cockpit, ECU, ADAS systems due to more sophisticated lines, the demand for HDI is strong, it is expected that in the future with the increasing penetration of new energy vehicles, high-end PCB products will continue to increase the proportion.
This will further promote the value of PCB, but also put forward higher requirements for the technical ability of PCB manufacturers. At present, PCB supplier in the automotive industry mainly include:
|Company location||Shenzhencity, Guangdong province|
|Total market value||19 billion RMB|
KINWONG is a professional R & D, production of printed circuit board of high-tech enterprises. In the automotive field, thick copper, HDI, high frequency and high speed panels are widely used, and its automotive electronics customers are mainly components manufacturers.
Since 2020, the growth of the company’s automotive electronics continues to expand, and the revenue of automotive electronics accounts for about 24% of the total revenue. In 2020, Jingwang Electronics built two factories in Zhuhai. Superposition Jiangxi production base, with relatively rich automotive HDI capacity. According to relevant data, Jingwang Electronics is the only Chinese enterprise in the global automotive PCB market in 2020.
Multi-layer print board(MLB),Thick copper board, High frequency high speed board,Aluminum Based PCB, Flexible printed, HDI PCB
The company has good technology and talent reserve in IC packaging substrate. SLP factory in Zhuhai, China has the production capacity of IC packaging substrate. “If the big three operators continue to push forward with 5G, it will definitely have a positive impact on the company’s revenue,” KINWONG said on the investor interaction platform. The company has already supplied PCB for 5G small base stations to customers.
|Company location||Heshan city, Guangdong province|
|Total market value||8.7 billion RMB|
Olympic products involve four major categories: high multi-layer hard board, high precision interconnect HDI, FPC, Flex-rigid print board，and metal substrate.
In China circuit board enterprises, Olympic is the first layout of automotive electronics of the first batch of high-tech enterprises, and for a long time to automotive electronics as the company’s focus on the development of the field, its mass production of h igh heat dissipation aluminum base, copper base, high frequency high-speed 3, 4 HDI board and other products are used by many automotive enterprises in the world.
The proportion of on-board PCB is high, and Tesla is the largest automotive end-customer. Automotive panels are the core business of the company, which now supplies cars from Tesla, BMW, Volkswagen, Porsche and other brands.
Double-sided print board(DSB), multi-layer high print board(MLB), HDI, flexible printed, board, flex-rigid print board , metal substrate board and other circuit boards.
|Company location||Zhongshan city, Guangdong province|
|Total market value||6.8 billion RMB|
Ellington is the core enterprise of Sichuan Jiuzhou Group. Automotive boars is an important part of the product structure of onics, currently ranked first in the product structure. At present, the company has a wide distribution of customers and a large number of high-quality customers. The main customers include Continental, Flextr, Lite-on, Bose and other well-known enterprises, which are the leaders in their respective industries.
Single-sided print board(SSB),Double-sided print board(DSB),Four layers print board, six layers print board
Ellington third quarter report showed that the operating revenue of about 20.14 billion yuan, a year-on-year growth of 12.59%. The net profit attributable to shareholders of the listed company was about 118 million yuan, down 40.27% year on year.
According to 3.Ellington 2021 annual report disclosure, 2022 is its “annual output of 700,000 square meters multilayer printed circuit boards project” in the year of completion and production, it will do a good job of capacity release of the expansion project.
|Company location||Shenzhen city,Guangdong province|
|Total market value||11.3 billion RMB|
Suntak is a high and new technology enterprise specializing in PCB production. The company main customers include APTIV, Hanon, Panasonic, Preh, Gentherm, Hangsheng Electronics Corp, Nexty, etc. In 2020, the net profit attributable to shareholders of the listed company of Chongda Technology was about 441 million yuan, and the operating revenue was about 4.368 billion yuan, of which automotive electronics accounted for 14%.
Double-sided print board, multi-layer print board, HDI PCB, special circuit board, flexible printed board, automotive PCB (entertainment information system, battery management system, etc.).
Victory Giant Technology
|Company location||Huizhou city, Guangdong province|
|Total market value||13.3 billion RMB|
Victory Giant Technology specializes in the development, production and sales of high precision printed circuit boards. In high density multi-layer VGA (graphics card) PCB, small spacing LED PCB market share first in the world. In the automotive application sector, the in-vehicle business is one of the company’s fastest growing businesses, with year-on-year growth of more than 100% in the first half of 2021.
In 2021, Victory Giant Technology is expected to achieve net profit of 750 million yuan to 850 million yuan, a year-on-year growth of 44.54% to 63.81%. It is reported that the company last year from overseas electronic giants, new energy vehicles and other high-quality major customers of the revenue contribution is increasing;
Combined with the high economic development of the automotive downstream industry, multiple positive factors drive the rapid growth of orders in the company’s downstream fields such as new energy, automobile and so on.
In 2017, the company issued a private placement investment of 1.1 billion yuan for the layout of new energy vehicles and circuit boards for the Internet of things, so as to improve the production capacity of the company’s automotive boards and layout in the field of new energy vehicles.
At present, the company has become the supplier of Tesla and is expected to grow rapidly with the volume of downstream new energy vehicles in the future.
Double-sided print board(DSB), Multi-layer print board(MLB)，HDI
Victory Giant Technology ranked 22nd among the top 40 global PCB enterprises in the fourth quarter of 2021, and 4th among Chinese PCB enterprises.
Suzhou Dongshan Precision Manufacturing
|Company location||Suzhou city, Jiangsu province|
|Total market value||46.7 billion RMB|
DSBJ is one of the world’s top three FPC manufacturers and top four PCB manufacturers. The company products are widely used in mobile phones, computers, wearable devices, servers, communications, automotive electronics and other product fields, and its main customers are world-class customers.
At present, the company has formed three business segments: electronic circuit, photoelectric display and precision manufacturing, and five business divisions: MFLEX, MULTEK, LED, touch display and precision manufacturing.
Through continuous integration of internal resources, the company has gradually built an integrated industrial chain competitive advantage. DSBJ is a supplier of body structure and battery structure to Tesla.
Rigid printed board, Flexible printed board, Flex-rigid print board
In order to meet the demand for PCB generated by the rapid development of 5G communication industry, high-end servers and automotive electronics, the company carried out a private placement in 2020.
In the subsidiary, the company has implemented an annual output of 400,000 square meters of fine line soft FPC and supporting assembly expansion project, Multek PCB production line technology transformation project, Multek 5G high-speed, high-frequency and high-density printed circuit board technology transformation project.
Effectively increasing the company’s high-end production capacity, and laying a solid foundation for the company to further expand its business in communications and automotive fields in the future.
WUS Printed Circuit
|Company location||Kunshan city, Jiangsu province|
|Total market value||23.5 billion RMB|
The primary business of WUS printed Circuit is the printed circuit research and development, design, and production. The company automotive PCB products can meet the different needs of traditional cars, automatic driving, intelligent cockpit, etc.
The company’s customers cover many famous global enterprises, and it master the leading technology through the cooperation with Schweizer. WUS printed Circuit has successfully developed new products such as BSG control board, ADAS main control board, vehicle-mounted energy board, printed ceramic headlight board, and copper block board, and printed circuit has been gradually imported into mass production.
14~38 layer enterprise communication market board, high-grade automotive board, and office and industrial equipment board, semiconductor chip test board as a powerful supplement, can be widely used in communication equipment, automotive, industrial equipment, medical equipment, microwave RF, semiconductor chip testing and other fields.
Due to the needs of service development and increasing the layout of the overseas production base, WUS Printed Circuit has designed a new production base in Thailand, consisting of about 280 million U.S. dollars, based on full investigation and evaluation of the overseas low-cost regions.
Sihui Fuji Electronics Technology
|Company location||Zhaoqing city, Guangdong province|
|Total market value||3.9 billion RMB|
Sihui Fuji Electronics Technology is a private national high-tech enterprise, specializing in high quality circuit board (PCB) manufacturing since its establishment. The company PCB product types are rich.
The company focuses on small batch manufacturing of printed circuit board, with “small batch, high quality, high reliability, short delivery time, fast response” as the market positioning, the products are widely used in industrial control, automotive electronics, transportation, communication equipment, medical instruments and other fields.
Automotive electronics is the company’s second largest downstream application area after industrial control.
Double-sided print board(DSB), Multi-layer print board(MLB),HDI PCB,Thick copper board, Metal substrate, Flex-rigid print board, high frequency and high speed board, etc
The company recently passed the strict examination of the Hong Kong quality Assurance Bureau examination body, the product meets the ISO 13485:2016 standard requirements, obtained the Hong Kong quality Assurance Bureau issued the number of CC 7254 medical management system certification.
|Company location||Shenzhen city, Guangdong province|
|Total market value||46.3 billion RMB|
SCC is a leading manufacturer of circuit boards in China. In the list of top 100 PCB manufacturers in China 2020 released by CPCA last year, SCC ranked second with 11.6 billion revenue.
Automotive is the key development area of SCC. In this field, SCC takes new energy and ADAS as the main direction, and mainly provides all kinds of automotive electronic PCB products for global automotive enterprises for high power heat dissipation, high speed and high frequency and integrated miniaturization solutions.
In 2021, SCC realized revenue of 13.943 billion yuan, up 20.19% year on year, realized net profit attributable to the parent of 1.481 billion yuan, up 3.53% year on year, realized deduction of non-attributable net profit of 1.72 billion yuan, down 1.73% year on year.
PCB, PCBA, SUB, SIP
|Company location||Shenzhen city, Guangdong province|
|Total market value||7.6 billion RMB|
The company focuses on the production of high-end printed circuit boards, integrating design, processing, sales and foreign trade, and is one of the most powerful private manufacturers of circuit boards in China.
In 2021, the company set up a new micro core business, focusing on new materials, new technology, new products, new forms and new application fields of breeding, mainly cultivates ceramic lining board, microwave passive components, new energy automotive electronic assemblies three business system, focusing on aerospace defense industry, rail transportation, 5G cloud tube, automotive electronics, new energy five areas.
HDI(High density interconnect) board, high multilayer, microwave high frequency, thick copper board ,metal base/core, flexible printed board, flex-rigid print board , etc., the products are widely used in communication equipment, medical devices, testing systems, aerospace, household electronics and other fields.
In May 2022, the company announced that it signed a strategic cooperation with Hefei Economic Development Zone Management Committee to invest 6 billion yuan in IC board industry base project. It is planned to invest in the construction of IC sealing and loading plate industry base project in Hefei Economic Development Zone, with a total investment of about 6 billion Yuan, covering an area of about 200 mu.
In 2022, the second phase of the project is expected to start trial production in July. After full production, the company’s HDI capacity will reach 150,000 square meters/month. In addition, a number of long-term expansion projects will be started and put into production in the next five years to support the company’s long-term growth momentum.