In February 2025, the global electric vehicle market continued its rapid growth, with a persistent rise in demand for power batteries, which are core components of these vehicles. This environment further highlighted the competitive landscape of the power battery supply chain, characterized by a high concentration of leading market shares. CATL (Contemporary Amperex Technology Co., Limited) and Fudi Battery maintained their positions at the top, together commanding nearly 70% of the market share.
Additionally, in sub-sectors such as battery PACK, BMS (Battery Management System), and drive motors, a trend emerged where leading companies dominate the market, while automakers accelerate their in-house research and development efforts. The entire supply chain is experiencing transformations driven by technological innovation and market expansion.
Power Battery Supplier Installation Rankings
Amid the rapid development of the new energy vehicle industry, the technical level and supply stability of power batteries significantly influence the competitiveness of automakers. This market exhibits characteristics of “concentration at the top and stability in structure,” with the top 10 companies accounting for over 93% of the market share, showcasing a trend of large-scale competition within the power battery sector.
The two giants, CATL and Fudi Battery, clearly lead the market. CATL holds a commanding position with an installed capacity of 25,179 MWh, translating to a market share of 42.8%. Following closely, Fudi Battery boasts an installed capacity of 15,833 MWh and a market share of 26.9%. As a supplier under the BYD Group, Fudi Battery benefits from the explosive sales of BYD’s electric vehicles, achieving high efficiency through a “self-production and self-sale” model.
Furthermore, companies like China Innovation Aviation (5.8%), Honeycomb Energy (4.7%), and Guoxuan High-Tech (4.3%) form the second tier of the market, ranking third to sixth. As new energy vehicles evolve towards higher endurance and safety, battery companies must overcome challenges in energy density, fast-charging technology, and cycle life. Leading enterprises continue to lead due to their scale and technological advantages, while other companies must build differentiated competitive strengths in specialized fields to navigate the fierce market competition and jointly advance the power battery industry towards higher performance and sustainability.
Battery PACK Supplier Installation Rankings
The battery PACK is a crucial integration point for power batteries from individual cells to complete vehicle applications, directly influencing the range, safety, and space utilization of new energy vehicles. In terms of installed capacity and market share, Fudi Battery and CATL stand out as the dominant players, with significant technological and ecological advantages. Fudi Battery leads with 447,048 units installed and a market share of 32.8%, leveraging BYD’s vertically integrated ecosystem to achieve deep synergy between PACK and vehicle design, such as the high space utilization of blade battery PACKs.
CATL follows in second place with 266,143 units and a 19.5% market share. As a global leader in power batteries, CATL’s PACK capabilities encompass diverse technological routes and extensive collaborations with domestic and international automakers, promoting large-scale applications of PACK products across various vehicle platforms. Automakers are increasingly developing their own PACK capabilities, with their share now exceeding 50%. Besides Fudi Battery, companies like Tesla (4.6%) and Leapmotor (3.1%) are enhancing the deep integration of battery systems with vehicle control through in-house development.
Looking ahead, the dual-track model of “automaker self-production + specialized suppliers” is expected to coexist long-term. Leading automakers achieve autonomy through self-production, while specialized suppliers leverage their technical expertise to serve diverse clients, collectively driving the battery PACK industry towards greater efficiency and safety, thereby providing core support for the widespread adoption of new energy vehicles.
BMS Supplier Installation Rankings
The BMS is vital for monitoring battery status, controlling charging and discharging, and ensuring safety, serving as a key hub for the efficient and safe operation of new energy vehicle power batteries. This market also shows a trend of concentration at the top, with automakers seeking greater control over their battery management systems. Fudi Battery continues to dominate with 457,640 units installed and a market share of 33.5%, while CATL ranks second with 218,946 units and a 16.0% share. As the global leader in power batteries, CATL’s BMS technology adapts to diverse applications through joint development with automakers, optimizing compatibility across different battery chemical systems.
Automakers are accelerating their BMS in-house developments to achieve precise alignment between battery management strategies and vehicle functions, such as energy recovery and fast charging, as seen with Tesla (4.6%) and Leapmotor (3.1%). Tesla continuously optimizes its BMS algorithms through OTA updates to enhance battery life and range performance, while Leapmotor integrates BMS with its electronics architecture, reducing costs while strengthening product differentiation. Weir Electric (10.2%), a supplier under Geely, ties its BMS development closely to vehicle platforms through subsidiaries, achieving autonomy in battery management.
Drive Motor Supplier Installation Rankings
Drive motors serve as the “heart” of new energy vehicles, directly affecting power performance and driving experience. Advanced motor control technologies enable drive motors to respond precisely to driver commands, whether starting, overtaking, or climbing. From the perspective of installed capacity and market share, leading enterprises are ahead of the curve, with local suppliers showing notable advantages. Fudi Power once again leads the market with 430,911 units installed and a 27.7% market share. Inovance and Huawei Digital Energy both hold 7.1% shares in second place, demonstrating strong technological output capabilities.
Companies like United Electronics (4.4%) and Tesla (4.4%) form the second tier. United Electronics maintains stability in the traditional automotive supply chain through its joint venture technologies, while Tesla’s in-house developed motors enhance energy efficiency through integrated designs. The next generation of drive motors will rapidly advance towards integration, high efficiency, and high voltage, requiring companies to increase R&D investments to improve efficiency and reliability under high-speed conditions. As the new energy vehicle market expands, competition will revolve around technological innovation, cost control, and globalization of supply.
Motor Controller Supplier Installation Rankings
The motor controller acts as the “nerve center” of the new energy vehicle drive system, regulating the speed and torque of the drive motor, underscoring its importance. In terms of market competition, Fudi Power, Inovance, and Huawei Digital Energy together account for nearly 50% of the installed share, highlighting the technological leadership of local enterprises. Fudi Power leads with 430,958 units installed and a 27.7% market share. Inovance follows with 199,976 units and 12.8% share, ranking second, while Huawei Digital Energy performs excellently with 110,198 units and 7.1% share, providing differentiated power solutions backed by strong technological capabilities.
In addition, companies like United Electronics (4.8%) and Tesla (4.4%) also hold significant shares, contributing to a competitive market landscape. As new energy vehicles evolve towards higher performance and intelligence, motor controller technologies will focus on enhancing energy conversion efficiency, integration levels, and intelligent diagnostic capabilities, shifting the collaboration model between suppliers and automakers from “standardized supply” to “collaborative R&D.”
Power Device (Drive) Supplier Installation Rankings
Power devices (drive) are crucial components of the electric drive systems in new energy vehicles, responsible for efficient energy conversion and precise control. BYD Semiconductor leads with 430,304 units and 27.6% market share, showcasing formidable market dominance. CRRC Times Semiconductor follows with 217,850 units and 14.0% share. Other companies like Silicon Labs (8.1%), Xilinx (8.0%), and Star Semiconductor (7.1%) excel as well, leveraging unique advantages in packaging technology, cost optimization, and innovation to secure their positions in niche markets.
International companies such as Infineon (6.0%) and STMicroelectronics (4.5%) continue to consolidate their market positions through technological accumulation and iteration. With the flourishing development of the new energy vehicle industry, power device technology is rapidly evolving towards higher power density, lower losses, and improved reliability, intensifying competition among companies.
OBC Supplier Installation Rankings
The onboard charger (OBC) in new energy vehicles serves as a key component of the vehicle’s charging system, responsible for converting AC to DC power and charging the power battery. Its performance directly affects the charging efficiency, safety, and user experience of electric vehicles. This market exhibits a high concentration of shares, with the top 10 companies accounting for over 90% of the installed capacity. Fudi Power leads with 425,114 units and a 27.3% market share, excelling in power density and charging efficiency, supporting the mass production of BYD models while expanding its market through external supply.
Weimas ranks second with 323,360 units and a 20.8% share, leveraging its power conversion technology to provide customized solutions for multiple automakers and achieving high penetration in mainstream new energy models. Xinjing Technology also performs well, securing third place with 164,031 units and a 10.5% market share.
Thermal Management EDC Supplier Installation Rankings
As the new energy vehicle industry rapidly develops, thermal management systems have become critical components for ensuring battery performance and enhancing overall vehicle efficiency. Fudi Technology leads with 378,266 units and a 27.7% market share, benefiting from BYD Group’s comprehensive industry layout in new energy vehicles. Its thermal management EDC products are deeply integrated with the vehicle support system, creating scale advantages. Following closely are Autokinetics (228,087 units, 16.7% market share) and Huayu Three Electric (195,071 units, 14.3% market share), leveraging their mature technological reserves and experience in working with OEMs to occupy the second and third positions, collectively holding over 58% of the market share and leading the industry direction.
Companies like Weiling (9.6%), Zhongcheng New Energy (5.3%), and Songzhi (4.4%) form the second competitive tier. These companies focus on technological breakthroughs in niche areas, such as efficient heat exchange technology and lightweight design, to secure stable shares within certain automaker supply chains. Notably, the top 10 companies hold over 88% of the industry market share. In the future, as the penetration of new energy vehicles continues to rise, market competition will intensify around technological integration, supply stability, and cost control, with enterprises possessing comprehensive advantages likely to maintain their leadership.
Electric Compressor Supplier Installation Rankings
This market also shows a clear trend of concentration at the top, with Fudi Technology, Autokinetics, and Huayu Three Electric occupying the top three positions, together exceeding 50% market concentration. Fudi Technology holds the lead with 378,266 units installed and a 27.7% share. Autokinetics (225,441 units) and Huayu Three Electric (200,829 units) strengthen their market positions through mature technical systems and extensive partnerships with OEMs. The three companies leverage scale advantages to reduce costs and win the trust of OEMs through technological stability, forming the first tier of market competition.
Companies like Weiling (10.6%) and Zhongcheng New Energy (9.7%) form the second tier. Weiling enters the electric compressor market through its technological expertise in motor control, gaining recognition with high-efficiency products, while Zhongcheng New Energy focuses on specific model needs to achieve growth in installed capacity. These tier two companies carve out a niche in a market dominated by leading enterprises through technological differentiation and customized services.
The leading position of top companies fundamentally reflects their technological superiority and cost control capabilities. For electric compressor suppliers, the future will require strengthening two core competencies: first, enhancing technological innovation capabilities by increasing R&D investments in efficient compression technologies, frequency control, and lightweight material applications to meet OEMs’ demands for energy savings and high performance; second, improving supply chain collaboration capabilities by deepening strategic partnerships with OEMs and enhancing integration during early vehicle development stages to increase supply stickiness.
