January 2025 Electrification Supplier Installation Rankings: Fudi Leads in Multiple Fields, Auto Manufacturers Seek Autonomous BMS Control
As the new year begins, the electric vehicle market continues to thrive. In January, production and sales of new energy vehicles reached 1.015 million and 944,000 units, respectively, reflecting year-on-year growth of 29% and 29.4%. This demonstrates the ongoing vitality and potential for market expansion. Against this backdrop of rapid industry development, the Gaishi Automotive Research Institute released the installation rankings for electrification suppliers in January, focusing on nine core areas including power batteries, battery packs, BMS, hybrid generators, and drive motors, providing an in-depth analysis of the competitive landscape in the supply chain.
The rankings indicate a trend towards increased concentration in multiple sectors, with leading companies in sub-markets such as power batteries, on-board chargers (OBC), thermal management electronic control units (EDC), and electric compressors further enhancing their market shares. The list also features a number of new players, resulting in notable changes within the top 10 rankings across various fields. The competitive landscape is diversifying, showcasing a simultaneous trend of “established players maintaining their lead” and “emerging forces rising.” This reflects the industry’s maturity while providing more development opportunities for innovative companies.
Power Battery Supplier Installation Rankings
The vibrant new energy vehicle market is heavily reliant on the “energy supply” from power battery suppliers. The power battery supplier installation rankings present a clear market structure in this “energy supply ranking.” CATL holds the top position with a 44.1% market share and an installation volume of 13,525 MWh, bolstered by stable technology output and extensive partnerships with automakers. Following closely is Fudi Battery, a subsidiary of BYD, capturing the second spot with a 26.2% market share and an installation volume of 8,029 MWh, leveraging its collaborative advantage with automakers to accelerate its growth. Together, these two companies account for over 70% of the market share, solidifying the dominance of leading players while highlighting their comprehensive competitive strengths in technology, production capacity, and customer coverage.
Companies such as Zhongxin Innovation, Honeycomb Energy, and Guoxuan High-Tech make up the middle-tier competitive echelon. Zhongxin Innovation ranks third with a 5.9% market share and 1,816 MWh of installations, while Honeycomb Energy (5.2% market share, 1,604 MWh) and Guoxuan High-Tech (3.9% market share, 1,195 MWh) follow closely. These companies are vying for more installation space through differentiated technology routes and breakthroughs in niche markets. Honeycomb Energy, in particular, has surged from ninth place last year to fourth, indicating substantial market potential. Other players such as Yiwei Lithium Energy, Sunwoda, and Zhengli New Energy have also established their presence in the power battery sector with solid technologies and product offerings.
Notably, the overall TOP 10 supplier landscape remains relatively stable, with a concentration rate exceeding 96%. This signifies a pronounced trend towards concentration in the power battery market, with resources, technology, and orders clustering around leading and mid-tier companies. New entrants looking to break through will need to innovate in technology, control costs, or enhance service models to find their niche. As the new energy vehicle market continues to expand, this “energy ranking competition” will likely evolve due to technological changes and adjustments in automaker supply chains, warranting ongoing attention.
Battery Pack Supplier Installation Rankings
In addition to power batteries, battery packs are also vital components of the “energy supply.” Currently, an increasing number of automakers are developing their own packs to master core technologies and reduce procurement costs. As of January, self-produced battery packs accounted for over 50% of the market share among mainstream automakers, with notable players such as BYD and Leap Motor achieving 100% self-researched packs, while Great Wall and Xpeng have reached 65% and 61% respectively. The competitive landscape in the battery pack market has changed significantly compared to last year, with both new contenders emerging and established players rising due to bestselling models.
Fudi Battery, as BYD’s core battery entity, still leads with an absolute advantage at 32.8% market share. CATL follows with 20.4% market share; however, both giants have experienced slight declines in their shares. Tesla has dropped to fourth place, replaced by Honeycomb Energy in third. Honeycomb Energy has climbed from sixth place last year to third this year, with its market share increasing to 5.7%, facilitated by partnerships with brands like Tank, Galaxy, and Haval, which have boosted its installation volumes. A noteworthy newcomer is Flash Battery, which entered the battery pack field only in 2024 but quickly rose to fifth place in January, demonstrating strong market competitiveness. Other players like Ruipu Lanjun and Yiwei Lithium Energy also made it to the list, holding seventh and tenth positions with 3.4% and 1.9% market shares, respectively.
Currently, traditional pack forms continue to dominate battery integration solutions, while automakers actively pursue highly integrated options. Consequently, battery packs can no longer simply compete on capacity and price; they must focus on “speed of technological iteration and ecological collaboration capabilities.” In a landscape where automakers aim to reduce costs while innovating solutions, those who can flexibly meet demands will secure a larger share of the market.
BMS Supplier Installation Rankings
The intense competition in the battery market has also stirred the BMS (Battery Management System) sector, leading to significant changes in its competitive landscape. While leading players maintain their positions, their performances fluctuate, and mid-tier companies accelerate their pursuit. A key variable that is reshaping the market is the trend of automakers seeking autonomous and controllable BMS solutions, as more companies prefer not to be constrained by supply chains and instead cultivate their own suppliers or deepen their partnerships with existing ones.
Among the top players, Fudi Battery ranks first with an installation volume of 236,067 units and a 33.5% market share, while CATL follows with 121,775 units and a 17.3% share. Weir Electric holds third with 69,245 units (9.8% share), while Tesla ranks fourth with 56,138 units. This structure is relatively stable. In the mid-tier competition, new and old faces are interchanging. Doctor Octopus has made steady progress, moving from eighth to fifth with 26,384 units (3.7% share). Leap Motor has also shown impressive growth, rising from tenth to sixth position with 24,494 units (3.5% share). This shift highlights automakers’ quest for autonomous BMS solutions, as they increasingly seek to avoid dependency on supply chains.
New entrants have also disrupted the rankings, including Jinmai Electronics (2.4% market share), Keda Guokai (2.2% market share), and Ruipu Lanjun (1.9% market share), infusing fresh vigor into the BMS market through their technological innovations and market agility.
Drive Motor Supplier Installation Rankings
As a core component of new energy vehicles, the competition among drive motor suppliers is also evolving, with new players entering the installation rankings through innovative technologies and product strengths, presenting a multi-faceted competitive landscape characterized by “stable leaders, active mid-tier players, and rising newcomers.” Fudi Power maintains its lead with 222,429 units and a 27.3% market share, although it has slightly adjusted from 31.3% last year. Its stability in technology and products continues to reinforce its dominant position. Huawei Digital Energy has increased its market share from 6.8% to 8.4%, with an installation volume of 69,784 units, further extending its lead over the following camp. Notably, Huichuan United Power has emerged as a strong contender, entering the top three with a market share of 5.2% and 42,301 units, showcasing its dual strengths in technological iteration and market expansion.
The rankings also feature several newcomers, such as Huixiang, Grebo, and Xingqu Technology, which were absent from last year’s list but now occupy the sixth, eighth, and tenth positions with 3.7%, 3.2%, and 2.9% market shares, respectively. Their entry not only injects new vitality into the market but also reflects the high technical barriers in the drive motor sector, where innovative companies still find room for breakthroughs. This dynamic change encapsulates the rapid development of the new energy vehicle industry and signals an impending intensification of technological competition and market rivalry.
Motor Controller Supplier Installation Rankings
The competition among motor controller suppliers remains relentless in the core component “battlefield” of new energy vehicles. In January, Fudi Power, Huichuan United Power, and Huawei Digital Energy collectively held nearly 50% of the market share. Fudi Power leads the market with 222,450 units and a 27.3% market share. Huichuan United Power remains in second place, steadily growing its market share from 9.2% to 12.9%. Huawei Digital Energy returns to the top three with an 8.5% market share and 68,958 units. New entrants like Leap Motor’s automotive components, Grebo, and Honeycomb Energy have also made their debut in the list, ranking eighth, ninth, and tenth with 2.8%, 2.8%, and 2.7% market shares, respectively. The addition of these new players disrupts the existing competitive framework and validates the inclusivity of the new energy vehicle market—despite leading companies holding significant market share, innovative suppliers can still carve out niches through differentiated technologies.
The motor controller market exhibits characteristics of “concentration among leading players and diversity among newcomers.” Leading companies like Fudi Power leverage scale advantages and resource benefits to maintain market dominance, while new entrants seek opportunities through innovation in niche scenarios or specific automaker collaborations. Under this landscape, future market competition may become increasingly fierce, driving the entire new energy vehicle industry chain towards greater efficiency and innovation.
Power Device (Drive) Supplier Installation Rankings
In the power device (drive) supplier rankings, BYD Semiconductor, CRRC Times Semiconductor, and Xilinx Integrated Circuit hold the top three positions. The rapid ascent of Silan Microelectronics and the debut of Hongwei Technology are notable highlights. BYD Semiconductor leads with a 27.3% market share and 222,048 units, showcasing its strong technical integration and proficiency in automotive-grade chips, which continually translates into market advantages. CRRC Times Semiconductor ranks second with a 14.2% market share and 115,704 units, underscoring its critical role in the new energy vehicle supply chain. Xilinx Integrated Circuit holds third place with an 8.8% market share and 71,996 units, collectively forming the “first tier” of the industry and demonstrating the leading companies’ dual control over technology and market share.
Silan Microelectronics ranks fourth with an 8.3% market share and 67,223 units, achieving significant growth through both technological iterations and market expansion, becoming a rising “dark horse.” Hongwei Technology makes its first appearance on the list, securing ninth place with a 3.7% market share and 29,848 units—demonstrating strong breakthrough capabilities.
OBC Supplier Installation Rankings
The competitive landscape in the OBC sector remains relatively stable, with the top 10 companies holding over 90% of the installation volume. Fudi Power tops the list again with a 29.4% market share and 206,755 units, thanks to its deep understanding of automotive-grade technology, which allows Fudi Power to achieve breakthroughs in efficiency optimization and size control for OBCs, creating a stable and reliable charging “heart” for new energy vehicles. Weimais ranks second with a 19.5% market share and 137,054 units, while Xinrui Technology holds third with an 11.4% market share and 80,264 units. Futek Technology ranks fourth with a 9.2% market share and 64,745 units, demonstrating its meticulous work in niche areas. Huawei Digital Energy secures a spot in the top five with a 6.5% market share.
Other companies like Yingboer and Xinmeiya showcase their strengths—some break through through cost control, while others innovate with customized services, carving out dedicated paths in the competitive red sea. Magmita emerges as a dark horse in this space, entering the list with 17,393 units and a 2.5% market share. Overall, while the concentration of top players is high, the OBC market competition is far from settled. As the demand for charging efficiency and intelligent interaction in new energy vehicles increases, suppliers must continue to push forward in technological breakthroughs and scenario adaptations.
Thermal Management EDC Supplier Installation Rankings
The thermal management EDC supplier rankings illustrate a clear integration trend, with the top 10 demonstrating over 88% industry integration. Fudi Technology leads the industry with a 27.6% market share and an impressive installation volume of 194,601 units, benefiting from its substantial technical accumulation and significant scale advantages, continuously demonstrating its leading position in the trend of thermal management module integration. Following closely is Aoteg, capturing 16.1% market share, while Huayu Three Electric ranks third with 14.2% market share. Together, these three companies account for over 50% of the market, highlighting their dominant status.
Notably, a “new face” in sixth place is Songzhi, which has successfully entered the top 10 with a 4.2% market share and 29,267 units, showcasing its emergence as a dark horse through technological breakthroughs and market expansion. This shift not only refreshes the competitive landscape but also reflects the dynamic nature of industry competition—beyond the stability of leading companies, emerging forces are carving out market niches through differentiated advantages. The rankings in the thermal management EDC field depict a dual narrative of “leading players on the rise and new forces breaking through.” Major players like Fudi Technology are solidifying their defenses through scale and technology, while new entrants like Songzhi are rewriting the rules with innovation, signaling a race that combines technical prowess and market strength, destined to gain momentum in the new energy vehicle industry.
Electric Compressor Supplier Installation Rankings
As the new energy vehicle industry flourishes, the competition in the electric compressor market is intensifying. In this “installation volume contest,” both leading companies maintain their positions, while “new forces” are beginning to emerge. The top three companies are regarded as strong players. Fudi Technology tops the list with a 27.6% market share and 194,601 units, demonstrating its technical accumulation and market coverage capabilities. Huayu Three Electric follows with a 15.3% market share and 107,469 units, continually solidifying its market position through a mature supply chain. Aoteg ranks third with a 13.8% market share and 97,034 units. Notably, these three companies together hold over 50% of the market share.
In addition to the leading companies, competition in the mid-tier is also fierce. Weiling demonstrates technological breakthroughs with an 11.3% share and 79,418 units. Zhongcheng New Energy is steadily catching up with a 10.1% share and 71,076 units, while companies like Haili and Hanao are also establishing their presence in niche areas, seeking breakthroughs through differentiated strategies. Additionally, Chongqing Chaoli has entered the top 10, adding fresh blood to the electric compressor market and signaling that the competitive landscape of the new energy vehicle supply chain is continuously expanding, generating anticipation for the performance of future “new forces.”
