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Published- Dec 2020 Number Of Pages -147 2024 Update Coming Soon
Electric vehicles accounted for 4% of new passenger car sales in 2020 i.e. ~ 3.2 Million units. By 2025, this share is expected to go past 8% or 7.2 Million units. The internal combustion engine component manufacturers who are yet to diversify into e-powertrain manufacturing will be among the direct losers of this growth.
To know more about Global Electric Vehicle Magnet Wire Market, read our report
The electric motor that propels an electric vehicle’s wheels is known as the traction motor. Usually placed close to the wheels, the traction motor is connected to the wheels either directly or through a gearbox. In order to turn the wheels, the traction motor converts electrical energy from the vehicle’s battery or another power source into mechanical energy. An electronic controller that manages the motor’s supply of electrical power controls the motor’s operation.
The controller instructs the traction motor to accelerate when the driver depresses the accelerator pedal. The engine produces greater torque as it spins more quickly, which is utilised to turn the wheels and propel the car ahead.
The controller decreases the electrical power provided to the traction motor when the driver applies the brakes, forcing it to slow down and produce less torque. In some circumstances, the motor may also function as a generator, creating electrical power that is stored in the battery utilising the kinetic energy of the car. Overall, the EV traction motor is an essential part of how an electric vehicle functions, enabling it to move effectively, silently, and without emitting any emissions.
The market push at the moment is in favour of permanent magnet synchronous motors (PMSM), due to relatively easy construction, cooling and packaging benefits.
VW will set up 8 MEB plants by 2022 with 2 of them based in China and 5 in Europe. This is to aggressively increase their BEV production capacity to supply EVs to Europe and China which accounts for 83% of their sales and also the MEB platforms to prospective OEM buyers such as Ford. All vehicles in MEB platform will have PMSM motor.
GM’s strategy for EV implementation is to gather customer interest by increasing the choices available for the customers and developing infrastructure. The R&D budget allocation presently is more for EVs than ICE including batteries which is in sharp contrast compared to other OEMs and their promised volumes (VW Group, Daimler Group).GM launched the Ultium platform which will consist of 3 drive types- Rear Wheel Drive, Front Wheel Drive and All Wheel Drive. The platform will be based on PMSM motors
AC Induction motors are predominantly being manufactured in-house by Tesla in Fremont, California and in China. In 2022 the manufacture of this will start in Europe too at Germany.
There is a growing trend of manufacturing EV traction motors in-house by Audi, VW, BMW and PSA.
The sales of electric vehicles in China for the the year 2023, is presented in the graph given below:
In the premium PHEV segment, e-axle is a preferred choice of many car manufacturers. To know more about E-axle, read our E-axle market report
Nidec Corporation announced that it has decided to build a flagship factory to produce its traction motor system, E-Axle, in the city of Pinghu, Zhejiang Province in China
Nidec have sold a total of more than 370,000 units of E-Axel, the traction motor system that Nidec started producing in April 2019 as the first company to do so in the world. In addition, based on the forecast that the fiscal year of 2025 will be the “critical turning point” to see a surge in the demand for traction motors, Nidec plan to sell 3.6 million units of E-Axel with a planned production capacity of 7 million units for the.
The new factory to be built is expected to be the fifth traction motor-related production site, and the fourth E-Axle assembly plant, in China.
The Opoczno local council and Solaris have a contract for the supply of 12 e-buses and the infrastructure for charging them. 2024 will see the introduction of the zero-emission 9- and 12-meter Urbino electric vehicles on the streets of Opoczno. Through a plug-in connection, the batteries will be charged conventionally. A central electric propulsion motor will guarantee the buses operate smoothly.
(three-phase asynchronous motor)
To know more about Europe EV Traction Motor Market, read our report
In Europe, many OEMs are into final stage of planning to set up motor manufacturing in-house. So far, they were largely dependent on imports from Asia. VW’s MEB platform is based on in house manufactured motors at European and Chinese factories.
In China, the world`s biggest market for EVs (50% share), BYD and many other OEMs manufacture traction motors in-house. It has been possible because of presence of local well-established aluminium diecast manufacturing industry and China`s hold on cobalt mining in the Republic of Congo.
BEVs currently sell more than PHEVs with 80% of the plugged-in vehicles sold in 2020. The average B-2-B price per motor in China is $450, the lowest globally due to a higher mix of in-house production.
Chinese OEMs like BYD, Geely and BAIC in-source traction motors because of the mandatory sales quota put by the Chinese government.
In US, Toyota (HEVs) and Tesla (BEVs) will lead the traction motor market in USA. Among Plugged electric vehicles sold in H1 2020, Tesla accounted for 85% of the motors deployed while accounting for 81% of the sales.
To know more about EV Traction Motor Market in US, read our report
European carmakers successfully lobbied for a rule that qualified to emit less than 50g of carbon dioxide per kilometer vehicle eligible for so-called super-credits. In other words, every electric vehicle sold will be counted as two cars. That makes it easier for carmakers to meet their targets, even if average emissions from their cars are actually higher than the rules allow them to be
VW and Audi are the latest entrant to start in-sourcing of motors. Given the negative perception of Diesel in Europe by regulatory authorities and the 95gm CO2 fleet average limit by 2021 in the EU, left VW and Audi with no choice but to go all-electric and manufacture motors in-house.
The global EV traction motor market is estimated at $3.1 Billion in 2020 and will grow to $7.5 Billion in 2025. <100kW motors accounted for 68% of all traction motors produced in 2020.
The COVID-19 pandemic has caused sectors around the world to experience disruptions in the supply chain operations due to travel restrictions, lockdowns as well as due to halt in the manufacturing activities. Many motor manufacturing and development companies are codependent on raw materials and intermediate products, whose supply disruptions have caused significant impact on the manufacturing and delivery of finished products.
For instance, China and Taiwan are the key electronic and critical parts manufacturers in the world, whose manufacturing units have been under regulation and lockdown disrupting the supply chain of the entire world. Due to the travel restrictions and stringent norms put in place in accordance to the pandemic protocol, the import and export of resources across the globe has disrupted causing huge economic losses.
Some of the small business units and manufacturers are estimated to have gone out of business or acquired by the lead players of the market. However, with the relaxation in the pandemic protocols manufacturing units have started operations in less than 100% capacity which has contributed to the recovery of the market.
The automotive market suffered significant revenue reduction during the first quarter of the year 2020. The net sales of the company BorgWagner decreased by 43% in the second quarter of 2020 as compared to the year 2019. However, the company recovered in the third quarter when the net sales increased by 2%. The company Schaeffler recorded a decrease in the net sales by 22.9% during the first half of the year 2020.
The market is set to recover due to the expanding demand for zero-emission vehicles globally with massive research and development investments which have been aiming for improved efficiency and performance.
Traction motors being the major operating parts of an electric vehicle, are likely to drive the expansion of this market. The incentives and subsidies awarded for the purchase of EV across the globe as well as the rising fuel costs for conventional vehicles is expected to enhance the demand for Evs and with further extension, the demand for traction motors.
The global EV traction motor market at present is consolidated due to long term OEM-supplier contracts and sizeable share of in-house manufacturing in all regions except Europe.
In November 2020, the Mahle group announced the commission of a test bench for electric drives in the city Stuttgart, Germany. The company has sanctioned investment worth $3.5 million for the testing center.
The equipment will be used to test and develop e-drives and e-axles for a range of hybrid as well as electric vehicles. The facility will include an e-axle unit which consists of two oppositely mounted load machines with permanent magnet synchronous motors. In February 2020, the company ABB signed a contract with Chittaranjan Locomotives Works to supply them with traction equipment worth $26 million.
E-Axle will be utilised across other GAC platforms in the coming years. Mix of power electronics, motor and transmission is attractive to OEMs due to single sourcing
Nissan and Toyota- Both OEMs saw the impending vehicle electrification early in 2000s and thus started extensive research on EVs. This led to both of them launching competent PHEV and BEV models respectively, faster than any other company. Nissan produced not just motors but batteries in-house (now sold to a Chinese manufacturer) to keep costs in check.
In the commercial vehicle segment, electric transit buses are growing in volume to replace polluting diesel buses. BYD is the global market leader of electric buses. BYD buses have a wheel hub mounted motor which are very compact and manufactured in-house whereas European electric transit buses have locally sourced e-axles for propulsion.
Tesla – In house manufacturing has helped the incorporate vehicles easily to changes especially in PMSRM usage as well as AC Induction motors
Hyundai And Kia- Hyundai and Kia mostly in source their motors from Hyundai Mobis there by helping them as the expand to various new markets. They are also able to develop and release multiple powered motors depending on the market. The newly launched E-GMP platform too will utilise in house motors. The high-speed electric motor raises the driving performance of E-GMP vehicles
GM- GM has a long standing relationship with LG. The traction motor for Chevy Bolt was by LG. GM plans to launch 30 vehicles on their Ultium platform and their relationship with LG will be handy in terms of R&D as well as manufacturing
Siemens AG recently announced the results of the third quarter for the year 2021. The company recorded total revenue worth $23.9 billion in the third quarter of the year 2021, which was a significant increase from $16.2 billion recorded in the third quarter of the year 2020. The company is set to partner with the automotive component supplier Schaeffler to develop an intelligent diagnostics drive system. The company will integrate its IIoT platform Sidrive IQ with Schaeffler to deliver the drive system.
Nidec Corporation announced the acquisition of the shares of Mitsubishi Heavy Industries Machines Tool Co. Ltd. in August 2021. The company has undertaken the three subsidiaries of Mitsubishi heavy industries which specialise in the design, development and manufacture of machine tools. The company also released their financial results for the second quarter of the year 2021 with net sales of $4.07 billion which was a significant increase of approximately 33% from the net sales of $3.06 billion recorded in the year 2020 for the same quarter.
In July 2021, Nidec Corporation partnered with Hon Hai Technologies and the Foxtron Vehicle technology of the Hon Hai group for a joint venture. Under the agreement, they will develop electric vehicle drive systems. They will supply products equipped with Nidec’s traction motor system e-axle for customers all over the globe.
In February 2020, the company also announced the expansion of its operations by installing three new manufacturing plants in Poland, Mexico, and China. These manufacturing units are set up to reduce the cost of electric motors.
BorgWarner reported the results of the second quarter of the year 2021 with net sales worth $3,758 million which was a significant increase of 164% from the second quarter results of the year 2020. The company recently completed the acquisition of 89.08% of AKASOL AG.
The company is also set to supply integrated drive modules to the Hyundai Motor Group of electric vehicles by the year 2023. The modules will include a state-of-the-art electric motor gearbox and integrated power electronics new iDM.
The modules support the company’s mission of producing clean and efficient vehicles. The company has also started the expansion of starter motors for Hyundai in Brazil. The motor is now also incorporated in Hyundai’s HB20 turbo T-GDI as well as Creta’s 1.6 L Gamma engine for people with disabilities.
In coming years, we expect new entrants from the industrial motor segment to enter the EV traction motor market owing to high volumes and reasonable margins.
Electric Motor.BorgWarner said that multi-faceted platform will support the manufacturer’s goal of a common electric drivetrain and deliver approximately 97% efficiency
Nidec presented a prototype of a new addition to its line-up of motors powering electric vehicles: a traction motor designed to be fitted inside the wheel hubs. Benefits of this setup include higher efficiency as a result of driving the wheels directly and bypassing the need for conventional power transmission mechanisms.
The e-Motor M200 has a maximum power of 120 kW and a maximum torque of 300 Nm, and it is intended for small and mid-sized electric vehicles. It has a small footprint and a highly effective cooling system to boost speed and lower pollution. A permanent magnet synchronous motor (PMSM), which offers great power density and economy, is another component of the e-Motor M200. The e-Motor M600, on the other hand, has a maximum power of 260 kW and a maximum torque of 700 Nm and is intended for bigger electric vehicles.
It also employs a hybrid-type motor that blends a PMSM and a reluctance motor, along with a high-efficiency cooling system. High power density, economy, and pace consistency are all features of this hybrid construction.
Hyundai Mobis is working to establish itself as a major worldwide supplier of electric vehicle parts, and the e-Motor M200 and e-Motor M600 are both part of that endeavor. The demand for premium and effective electric vehicle parts, such as traction motors, is rising along with the prevalence of electric vehicles. Hyundai Mobis should be well-positioned for ongoing success in the rapidly changing automotive industry thanks to its investments in research and development and its emphasis on creating inventive and effective electric vehicle components.
The debut of its new electric (EV) traction engine was recently revealed by Siemens AG, a leading worldwide technology company. The company’s most recent offering is made to satisfy the growing demand in the automotive sector for high-performance and effective electric drivetrains. Modern technology, such as sophisticated materials, clever control systems, and improved cooling technology, are featured in the new EV traction motor from Siemens AG. It is one of the most potent and effective electric motors available, thanks to its highest production of 260 kilowatts and peak efficiency of up to 97 percent.
A variety of electronic vehicles, including passenger automobiles, buses, and trucks, can use the new traction motor from Siemens AG because it is so adaptable. Its small size and light weight make it the perfect choice for electric cars, which are limited in both room and weight.
The new EV propulsion engine from Siemens AG not only performs admirably, but it is also quiet and emits little pollution. It is made to support the shift to a sustainable future and lessen the automobile industry’s carbon impact. A sign of the company’s dedication to creativity and ethical business practises is the investment it has made in cutting-edge technology and ecological solutions.
Nidec has announced that it has begun mass producing the E-Axle, an electric vehicle traction motor system, of the second generation (or “Gen.2”). Based on magnetic circuit designing, oil cooling, and other technological know-how that we have fostered through Gen.1’s development and mass production, Gen.2, the E-Axle that the Company began mass-producing at Guangzhou Nidec Auto Drive System Co., Ltd. in China, is both lighter and quieter than its predecessor, Gen.1.
1. Africa – Africa is a region rich in raw materials, and supplies the raw materials mainly for batteries in the electric vehicle industry. It is also key in supplying copper, neodymium and graphite which are crucial for the EV industry.
2. Europe – Europe is a major market for the sales of electric vehicles and a major manufacturing region for EVs and components. The region is also rich in hardware and software development talent for the electric vehicle industry thereby playing a big role in technological innovation. The region has upcoming foundries for semi-conductors and battery plants which will decrease the reliance of the region on Asia mainly China. Regulations are a major driving factor for the electric vehicle industry in this region.
3. Asia – Asia is currently the largest market for the sales of electric vehicles as well as the largest hub for the manufacturing for EVs and components, currently with a monopoly in semiconductor manufacturing. Due to high localization in this region, there is immense hardware and software talent pool and innovation present in the region. The region also has hardware manufacturing with dominance in various finished materials such as steel and aluminium which are exported to Europe and North America.
4. North America – North America is a large market for electric vehicles and a ground for technological innovation. There are various component manufacturing grounds, as well as upcoming battery plants and semiconductor manufacturing that will enable North America to improve its EV market. Efforts are underway to develop a more localized supply chain including localized manufacturing and increasing recycling.
5. Latin America and ROW – Chile and Argentina, are key suppliers of lithium, a crucial component for EV batteries. Latin America has reserves of copper and other essential materials for EVs. Currently, it is a small market for EVs but manufacturing of EVs is expected to increase in this region.
