The power battery market in China for the period of Jan.-Apr. 2025 is highly concentrated, with the top 10 suppliers collectively holding nearly 95% of the market share. CATL leads the pack with a 41.6% market share, followed by FinDreams Battery with 27.1% and CALB with 6.5%. The competitive landscape is dominated by a “two giants followed by several strong players” structure, with CATL and FinDreams Battery securing almost 70% of the market.
The trend of OEM vertical integration is evident in the power battery pack market, with carmakers now producing over 50% of total market volume. FinDreams Battery leads with a 32.5% market share, followed by CATL with 18.9%. Automakers like Tesla and Leapmotor are emerging as prominent suppliers, reshaping the traditional supplier landscape and increasing their control over key components.
In the battery management system (BMS) market, FinDreams Battery leads with a 33.1% market share, followed by CATL with 15.6%. Car makers like VREMT and Leapmotor are also making strides in the BMS market, reflecting the industry’s shift towards greater control over technology. The focus on BMS autonomy is expected to grow, driving suppliers to open up their technologies and pushing OEMs to increase their R&D efforts.
The electric drive motor market is highly concentrated, with FinDreams Powertrain, INOVANCE Automotive, and Huawei Digital Power leading the pack. FinDreams Powertrain holds a dominant 27.8% market share, with the top three companies providing high-reliability, high-efficiency electric drive motor solutions for NEVs. Other players like Tesla and NIO Power Technology also hold steady shares in niche markets, contributing to the overall technological progress of the industry.
The rankings for electric motor controllers show a similar trend, with FinDreams Powertrain and INOVANCE Automotive dominating the market. These leading suppliers leverage their strengths in technology, manufacturing, and market channels to deliver high-quality solutions for NEVs. As performance demands rise, companies will continue to innovate and strengthen their competitive edge in the market.
In the power semiconductor device market dedicated to e-drive, BYD Semiconductor, CRRC Times Semiconductor, and Silan Microelectronics are the top players. These companies deliver reliable, high-efficiency solutions for NEVs, with BYD Semiconductor leading the pack with a 28.0% market share. Other players like StarPower Semiconductor and Infineon also hold stable shares in niche markets, contributing to industry upgrades and advancements.
The On-Board Charger (OBC) market is controlled by top players, with FinDreams Powertrain leading with a 29.7% market share. VMAX and SHINRY follow closely, forming a solid second-tier competitive group. Leading suppliers integrate technology, manufacturing, and market channels to deliver efficient charging solutions for NEVs.
The E-compressor assembly market is rapidly consolidating, with top players like FinDreams Technology and Aotecar leading the pack. These companies focus on system integration, cost efficiency, and customer responsiveness to provide diverse solutions for E-compressor assembly system upgrades. Collaboration in technology, manufacturing, and market channels is key to driving innovation and ecosystem growth in the industry.
In the electrical compressor market, FinDreams Technology holds a strong lead with a 27.6% market share. Leading suppliers leverage synergies in R&D, manufacturing, and market channels to deliver high-quality solutions for NEVs. The industry is competitive, with niche specialists surviving through differentiation and driving innovation in electric compressors.
In conclusion, the electrification component market in China is evolving rapidly, with leading players consolidating their positions and driving technological advancements. OEM vertical integration, control over key components, and a focus on system integration are shaping the future of the industry. As competition intensifies, suppliers will need to continue innovating and collaborating to stay ahead in the market.
