China EV Traction Motor Market 2024-2030

INTRODUCTION

In fully-hybrid and battery-electric vehicles, the traction motor for electric vehicles (EVs) is mounted (BEVs). Due to their zero emissions and great fuel economy at steadily decreasing prices, BEVs and Hybrid Electric Vehicles (HEVs) are quickly gaining ground in the worldwide car industry. 

The market demand for EV traction motors has increased due to their attractive operating conditions and outstanding characteristics. High power conversion, high efficiency, silent operation, the capacity to function in challenging environments, and many other appealing attributes are some of its anticipated market-boosters.

CHINA EV TRACTION MOTOR MARKET SIZE AND FORECAST

The China EV Traction Motor Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.

CHINA EV TRACTION MOTOR MARKET DYNAMICS

In Pinghu, Zhejiang Province, China, Nidec Corporation will construct a flagship facility to manufacture its E-Axle traction motor system. The upcoming factory will be the fourth E-Axle assembly facility and fifth traction motor-related production facility for Nidec in China.

With a maximum annual production capacity of one million units, the facility will serve as Nidec's "flagship factory" for its E-Axle business. In addition to assembling and producing E-Axle units, it will also function as an EV-dedicated plant that consolidates the Nidec Group's component businesses (such as inverters and gears).

The new Han EV's maximum cruising range has increased from 605 kilometers on the present model to 715 kilometers on the future generation. 

Additionally, it appears that the Chinese automaker is also preparing to introduce a different model with a cruising range of 610 kilometers. However, both of the newest models will come with an 85.44KWh battery pack.

Dual motors, one in the front and one in the back, are included with the model with the 610-kilometer range. The latter features a 200kW motor and a 350N.M peak torque, while the former has a maximum power of 180kW.

The 715-kilometer range variant, on the other hand, only has a single front motor with a maximum power of 180kW and a maximum torque of 350N.M.

COMPANY PROFILES

• CRRC
• ABB
• Mitsubishi Electric
• Nidec Motor Corporation
• Siemens Ltd., China 
• Ametek
• Industrial Solutions
• Eaton

THIS REPORT WILL ANSWER THE FOLLOWING QUESTIONS

1. What is the average cost per China EV Traction Motor Marketright now and how will it change in the next 5-6 years?
2. The average cost to set up anEV Traction Motor Marketin China?
3. How manyChina EV Traction Motor Marketare manufactured per annum globally? Who are the sub-component suppliers in different regions?
4. What is happening in the overall public, globally?
5. Cost breakup of a China EV Traction Motor Market and key vendor selection criteria
6. Where is theChina EV Traction Motor Marketmanufactured? What is the average margin per piece of equipment?
7. Market share ofChina EV Traction Motor Market manufacturers and their upcoming products
8. The most important planned China EV Traction Motor Market in the next 2 years
9. Details on a network of majorChina EV Traction Motor Marketsand pricing plans
10. Cost advantage for OEMs who manufactureChina EV Traction Motor Market in-house
11. 5 key Predictions for Next 5 Years inChina EV Traction Motor Market
12. Average B-2-BChina EV Traction Motor Marketprice in all segments
13. Latest trends inChina EV Traction Motor Market, by every market segment
14. The market size (both volume and value) ofChina's EV Traction Motor Marketin 2024-2030 and every year in between?
15. Global production breakup ofChina EV Traction Motor Market, by suppliers and their OEM Relationship