10 Major Events in Motor Industry (2)

10 Major Events in Motor Industry (2)

06 Xiaomi Releases Super Motor

At the beginning of 24 years, with the release of the Xiaomi Car technology conference, Xiaomi Car can be described as one of the most popular and heavy information of the year. At this press conference, Boss Lei came up with a lot of good things, such as CTB integrated battery technology, super large die-casting, intelligent driving, intelligent cockpit, Modena architecture and other independently developed core technology modules, the most eye-catching are the core of the tram, the most critical "super motor"-V8s and V6s.The V8s is even higher at a maximum of 27,200 rpm, breaking the current limit of motor speed. And a number of state-of-the-art technologies are available in one shot. Lei Jun said that this will be the world's highest number of motor revolutions and the world's top motor. The motor is completely self-developed and produced by Xiaomi, and it is planned to be on the car in 2025.

07 Foreign-funded Companies Bet Heavily Chinese Motor Market

Inmonda Electric (China) Co., Ltd. officially started operations in the International Corporate Headquarters Park of Nanjing Jiangning Development Zone in December 2024, and decided to further increase its R&D investment in China, so the Nanjing branch was listed as "Inmonda Low Voltage Motor Global-Asia R&D Center". The launch of this center not only demonstrates Inmonda's importance to the Chinese market, but also reflects its strategic considerations in the global R&D layout.

WEG Group announced that it will build a new high-voltage motor plant in 2026. This investment of approximately US662 million aims to enhance the production capacity of its manufacturing base in Rugao, China. This strategic initiative aims to respond to the growing demand in the market and further consolidate and expand the company's business footprint in the region. In mid-2024, SEW Industry completed the official launch of the South China Manufacturing Base project. The project covers an area of 260,000 square meters and the total investment will exceed 10 billion yuan. It is expected that the first phase of the project will be completed and put into operation by the end of 2025.

08 BYD Requires Suppliers to Reduce Prices

BYD required suppliers to reduce prices by 10% from January 1, 2025, a move that triggered a chain reaction.

First of all, this price reduction requirement quickly caused a hot discussion on the Internet, and caused a lot of discussion about the survival of the upstream and downstream of the new energy vehicle industry. BYD passed the chill to many partners by sending mass emails to suppliers to "negotiate" price reductions. The email clearly put forward the price reduction requirements and emphasized the need for the entire supply chain to work together to enhance the competition of BYD passenger cars.

Secondly, the suppliers expressed strong dissatisfaction and protests against BYD's request. They believe that BYD's move is undoubtedly ruthlessly squeezing the profit margins of suppliers, plunging the entire industrial chain into a vicious circle. Some suppliers even said that this model of layer-by-layer squeezing may cause domestic suppliers to fall into trouble, and even directly force outstanding companies into bankruptcy. However, BYD responded to this. Li Yunfei, general manager of BYD's brand and Public Relations office, said that annual bargaining with suppliers is a practice in the automotive industry, and emphasized that the price reduction target is not mandatory, but based on the negotiation results of large-scale procurement. He pointed out that suppliers can negotiate with BYD.

09 The Latest Energy Efficiency Standards for High-voltage Motors are Officially Implemented

2024-08-23 The National Standardization Administration of the State Administration for Market Supervision and Administration issued Announcement No. 18 of 2024, approving 24 mandatory national standards such as "High-voltage Three-phase Cage asynchronous Motor Energy Efficiency Limit Value and Energy Efficiency Level" and 2 mandatory national standard revision orders, including GB 30254-2024 "High-voltage Three-phase Cage asynchronous Motor Energy Efficiency Limit Value and Energy Efficiency Level", instead of the GB 30254-2013 version of the standard, the new version of the standard will be released on September 1, 2025. Implemented on the day.

The national standard "Energy efficiency Limit value and Energy Efficiency Level of High-voltage Three-phase cage Asynchronous Motors" is centralized by 469 (National Standards Commission) and entrusted to TC20SC4 (National Energy Foundation and Management Standardization Technical Committee Rational Electricity Branch) for implementation.

10 Inovance Technology Increase Electric Drive Business

In August 2024, Shenzhen Inovance Technology Co., Ltd. (hereinafter referred to as "Inovance Technology") announced an important investment plan. Its holding subsidiary Suzhou Inovance United Power System Co., Ltd. (hereinafter referred to as "Inovance United Power") plans to invest in the construction of a large-scale new energy auto parts production base in Suzhou City. The total investment is expected to not exceed 5 billion yuan, which marks the further deepening of Inovance Technology's layout in the new energy vehicle industry. It is reported that the construction of the production base will fully cover the production line of the core components of new energy vehicles, including but not limited to the production workshops of key components such as stators, rotors, electronic control systems, power modules and powertrains, and equipped with complete supporting facilities. The implementation of the project aims to quickly respond to market demand, especially in response to the significant increase in orders for products related to the new energy vehicle business, and to stabilize and enhance the market position by expanding production capacity.