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Demand for automotive PCB exploded

According to the data of relevant institutions, in 2021, the retail sales of new energy vehicles in China reached 2.989 million units, with a penetration rate of 14.8%, a significant increase compared with 5.8% in 2020. In 2022, the sales volume is expected to exceed 6 million units.

PCB market for new energy vehicles in China continues to grow

According to the characteristics of s-type permeability curve, after the penetration rate of new energy vehicles breaks 10% in 2021, the penetration rate of new energy vehicles will accelerate in the next few years, which means that the development of China’s new energy vehicle industry will improve rapidly. In the context of intensified electrification competition, 2022 will undoubtedly become a key year for the new pattern of global automotive PCB. In June, China’s new energy vehicle market has returned to its pre-epidemic growth path, with a number of vehicle companies delivering record highs. Among the new forces of car making, Xiaopeng delivered 15,295 units in June, up 133% year on year; Deliveries of Nezha cars reached 13,157 units in June, up 156 percent year on year. In addition, ideal, NiO and other deliveries increased by more than 60% year on year. Among traditional car companies, BYD sold 134,036 new energy vehicles in June, up 224% year on year; GAC Aian sold 24,109 units in June, up 182% year on year. Since this year, the automotive PCB market has continued to improve, and many PCB manufacturers have increased their investment and layout in the new energy vehicle market. Driven by the explosion of the new energy vehicle market and the background of cost reduction, the demand for automotive PCB is expected to explode.Insiders said, “The electrification, intelligence and interconnection of new energy vehicles have increased the use of chips, which directly drives the use of PCBS. The PCB market for new energy vehicles is sure to continue to grow, and it is simply predicted that the year-on-year growth of this year will be at least 10%.” China’s new energy vehicle market has returned to its pre-epidemic growth path, with a number of vehicle companies delivering record highs. Among the new forces of car making, Xiaopeng delivered 15,295 units in June, up 133% year on year; Deliveries of Nezha cars reached 13,157 units in June, up 156 percent year on year. In addition, ideal, NiO and other deliveries increased by more than 60% year on year. Among traditional car companies, BYD (002594) sold 134,036 new energy vehicles in June, up 224% year on year; GAC Aian sold 24,109 units in June, up 182% year on year. new energy vehicles

Development trend of automotive PCB market in the second half of the year

In the second half of the year, especially in July and August, a number of new models will be released or delivered, and the sales of new energy vehicles will continue to grow at a high speed. It is widely believed that the annual sales of more than 5.5 million vehicles can be achieved. Under the background of the rising penetration rate of new energy vehicles, the continuous upgrading of ADAS and the increasingly rich application of intelligent cockpit, the consumption of single-vehicle PCB is increasing. The value of single PCB has also surged from 400 RMB for traditional fuel vehicles to 2,000 to 3,000 RMB for intelligent electric vehicles. Since this year, the automotive PCB market has continued to improve, and many PCB manufacturers have increased their investment and layout in the new energy vehicle market. Driven by the explosion of the new energy vehicle market and the background of cost reduction, the demand for automotive PCB is expected to explode. Insiders said, “The electrification, intelligence and interconnection of new energy vehicles have increased the use of chips, which directly drives the use of PCBS for single vehicles. The PCB market for new energy vehicles is sure to continue to grow. It is simply predicted that the year-on-year growth of 10% this year is still some.” According to Zoth Automotive Research estimates, the global PCB market of new energy vehicles is expected to reach $12 billion by 2026, driven by ADAS upgrade and new energy vehicle penetration. In the main business income of Kingshine In 2021, the proportion of onboard PCB board is about 16.7%. Onboard PCB is one of the main driving forces for the company’s future performance growth, and also an important downstream application field for the company’s key layout. The downstream customers have covered BYD, Tesla and other new energy leading car companies. FSQuality PCB products mainly focus on industrial control and automotive electronics, accounting for about 20% of automotive electronics. The automotive PCB products of the company are widely used in Japanese and domestic automobile enterprises represented by Xiaopeng. Under the background of the rising penetration rate of new energy vehicles, the continuous upgrading of ADAS and the increasingly rich application of intelligent cockpit, the consumption of single-vehicle PCB is increasing. The value of single PCB has also surged from 400 RMB for traditional fuel vehicles to 2,000 to 3,000 RMB for intelligent electric vehicles. Since this year, the automotive PCB market has continued to improve, and many PCB manufacturers have increased their investment and layout in the new energy vehicle market. Driven by the explosion of the new energy vehicle market and the background of cost reduction, the demand for automotive PCB is expected to explode. automotive PCB

Future development trend of automotive PCB market

Electronic and intelligent is the development trend of automobile, the electronic and intelligent trend of automobile electronic PCB will drive the growth of automobile PCB market. Automotive electronics is the general name of car body automotive electronic control device and on-board automotive electronic control device. The degree of automotive electronization is expected to be greatly improved in the next five years with the improvement of communication efficiency brought by 5G construction, and the overall market space is large.  The main development trend of automotive electronics in the future is intelligent; The transition from ADAS to full automatic driving is a relatively certain trend. PCB is widely used in automotive electronics, including power control system, safety control system, body electronic system and entertainment communication system. In recent years, the rapid growth of China’s new energy (4.780,0.19,4.14%) automobile shipment speed will also drive the growth of PCB consumption.

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