Rare earth permanent magnet costs rise, motor companies’ profits plummet, The motor industry said that more than 200 companies will be eliminated more than half
“New energy passenger cars have very high requirements on motor quality. A large number of independent motor enterprises will be eliminated. By then, the killing of China’s new energy automobile motor market will really start.” Recently, an independent new energy automobile motor listed company is responsible for The person said to the observer of the Observer. In 2018, the industry’s industry was deserted, and finally it had a clear response in the earnings report of listed companies. According to the statistics of the Economic Observer, the motor industry experienced large losses and a sharp drop in profits.
The Economic Observer reported that the 2018 performance of the mainstream listed companies in the field of home appliance electrical control, including Dayang Electric, Shuanglin, Jiangte Motor, Xinji Motor, Yingweiteng, Zhenghai Magnetic Materials, Founder Motor, Yunyi Electric, Blue Ocean Huateng et al. According to the financial report, among the nine companies, only the net profit of Xinji Motor achieved a year-on-year growth of 1.7%. The other eight companies all experienced different degrees of year-on-year decline, and as many as half of the companies whose net profit fell by more than 100%, such as Jiang. Special motor fell 680.76%, Ocean Motor fell 650.09%, Founder Motor fell 408.40%, Zhenghai magnetic material fell 180.28%, performance was bleak.
Rare earth permanent magnet costs rise, motor companies’ profits plummet
Zhongguancun New Battery Technology Innovation Alliance Chairman and Chairman of the Battery 100 People Association said in the Qing Dynasty that in 2018, the motor electronic control enterprises faced the pressure of rising rare earth permanent magnet materials; on the other hand, the subsidies dropped significantly and the subsidy amount was released. The delay has caused new energy vehicle companies to withstand the pressure of price cuts in the downstream consumer market and transmit them to upstream suppliers, resulting in a decline in the prices of components such as motors and electronic controls, and a decline in supplier revenue.
At the same time, he pointed out that in 2019, the new energy subsidies for new energy vehicles have more than expected, and the requirements are also more stringent. In the short term, the sales revenue of motor companies is expected to remain under pressure this year. As the new energy vehicles still have a lot of room for development, the motor electronic control market is still optimistic. However, with the advent of the “post-subsidy” era and the accelerated entry of foreign-funded enterprises, the motor electric control industry will form a new competitive landscape. “At least half of the companies are going to die in the elimination, just like batteries,” one analyst pointed out.
“In 2018, China’s power battery capacity was 260G watt-hours, but only sold 50G watt-hours, and 4/5 of the capacity was not released.” On January 9, the “1818 New Energy Vehicle” sponsored by the Economic Observer At the annual meeting and the BCA’s beautiful travel green ceremony, Wang Zidong, director of the Power Battery Laboratory of the North China Vehicle Research Institute and director of the National 863 Electric Vehicle Major Power Battery Test Center, said. About 200 power battery companies have only left more than 20, and more than 90% of power battery companies have been eliminated.
Motor Industry-wide company profits plummeted
The explosive growth of the new energy motor electronic control industry began in 2015. As the main components of new energy vehicles, the ratio of motor and electronic control to total vehicle costs is about 10% and 11%, and its market size has also increased with the outbreak of new energy vehicles. Relevant reports show that in 2015, China’s new energy motor electronic control installed capacity reached 400,000 sets, an increase of 455.56%; new energy vehicle motor electronic control market scale reached 17.6 billion yuan, an increase of 417.65%; installed capacity and market size are in 2015 The year has reached the highest increase ever.
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