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Last Updated: Apr 25, 2025 | Study Period: 2023-2030
The EV motor controller is the nerve center that regulates the vehicle's performance by connecting the motor and battery. It not only ensures the car's fundamental safety and precise control, but it also generates sufficient power.
An electronic module known as the Motor Control Unit (MCU) uses throttle input to control the electric vehicle's speed and acceleration. It connects to the motor and batteries. The controller controls the battery's energy flow by converting the direct current into alternating current.
Single motor controllers, integrated motor controllers, and integrated powertrains are the most prevalent types in the industry at the moment. There are a greater number of single-motor controllers than there are micro-face logistics or special vehicles. Buses and light trucks make use of a second integrated motor controller.
The best performance, reliability, lowest cost, and lightest development are the overarching development objectives. The electric vehicle's main motor is driven by the motor controller. In most cases, it controls the main motor's starting, running, speed control, and stopping by receiving the signal from the whole vehicle controller.
It is comparable to the electric vehicle's brain in that it is an essential component, along with the entire vehicle controller.
TheGlobal EV motor control unit housing marketaccounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.
In a major push into electric vehicles, Hyundai Motor will introduce a dedicated EV platform. At the beginning of the following year, Hyundai Motor Group, a company based in South Korea, will launch a platform solely dedicated to electric vehicles.
This platform will make use of the company's own battery technology in order to shorten the amount of time and money
The plan highlights the world's No. 5 automaker's efforts to become a major player in the global EV market, as automakers invest billions of dollars to improve battery technology, which keeps EV prices high compared to models with combustion engines.
The market leader Tesla announced that it would bring in-house production of the key auto component and reduce the cost of its EV batteries by half to bring prices down to $25,000 per vehicle.
With its dedicated Electric Global Modular Platform (E-GMP), Hyundai anticipates that it will be able to use its own battery module technology in a variety of EV models and reduce the number of components by sixty percent.
Because it will enable the company to expand its EV line-up through modularization and standardization in a relatively short period of time, E-GMP will be highly effective in expanding the Group's EV leadership position.
An electric vehicle based on E-GMP will have a driving range of at least 500 kilometers (310 miles) on a single charge, up at least 23 percent from the Kona EV, which is the Hyundai EV lineup's longest-range model.
Together, Hyundai Motor and its sister company Kia Motors want to become the third-largest seller of electric vehicles in the world by 2025 by selling one million of them.
It plans to introduce a family of EVs under the Ioniq brand beginning early next year to spearhead its near-term transition toward EV production. By 2025, it has promised 23 new EVs, including 11 all-electric models.
Sl no | Topic |
1 | Market Segmentation |
2 | Scope of the report |
3 | Abbreviations |
4 | Research Methodology |
5 | Executive Summary |
6 | Introduction |
7 | Insights from Industry stakeholders |
8 | Cost breakdown of Product by sub-components and average profit margin |
9 | Disruptive innovation in the Industry |
10 | Technology trends in the Industry |
11 | Consumer trends in the industry |
12 | Recent Production Milestones |
13 | Component Manufacturing in US, EU and China |
14 | COVID-19 impact on overall market |
15 | COVID-19 impact on Production of components |
16 | COVID-19 impact on Point of sale |
17 | Market Segmentation, Dynamics and Forecast by Geography, 2023-2030 |
18 | Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030 |
19 | Market Segmentation, Dynamics and Forecast by Application, 2023-2030 |
20 | Market Segmentation, Dynamics and Forecast by End use, 2023-2030 |
21 | Product installation rate by OEM, 2023 |
22 | Incline/Decline in Average B-2-B selling price in past 5 years |
23 | Competition from substitute products |
24 | Gross margin and average profitability of suppliers |
25 | New product development in past 12 months |
26 | M&A in past 12 months |
27 | Growth strategy of leading players |
28 | Market share of vendors, 2023 |
29 | Company Profiles |
30 | Unmet needs and opportunity for new suppliers |
31 | Conclusion |
32 | Appendix |