Recently, GasGoo released the supplier installation ranking for the electrification sector from January to June 2024. The data shows that the FinDreams Group (including FinDreams Battery and FinDreams Powertrain) continues to lead in multiple fields, demonstrating its strong strength and extensive layout in the new energy vehicle (NEV) industry chain.
The supplier installation rankings across various sectors show a high degree of market concentration, with leading companies occupying dominant positions thanks to their technological strength and market layout advantages. At the same time, market competition is intense, and small and medium-sized enterprises need to seek breakthroughs through technological innovation and market expansion. In the future, as the NEV market continues to expand and technologies upgrade, suppliers will face more opportunities and challenges.
FinDreams Powertrain
FinDreams Powertrain Co., Ltd. was originally the 14th and 17th divisions of BYD Group. Since 2003, it has been dedicated to automotive powertrain and new energy overall solutions. In 2019, FinDreams Powertrain Co., Ltd. was officially established as a wholly-owned subsidiary of BYD. The company possesses core technologies in "motors, electric control, power supplies, engines, transmissions, and axles" and provides a full range of software control system matching and calibration services for all-power automotive platforms.
OBC On Board Charger Supplier Installation Ranking
FinDreams Powertrain leads the ranking with an installation volume of 1,257,371 units of
On-Board Chargers (OBC), capturing 26.2% of the market share, showcasing its strong market dominance. Vimes and Xinrui Technology follow closely behind, with installation volumes of 734,463 and 330,096 units, ranking second and third, with market shares of 15.3% and 6.9%, respectively. Other suppliers, such as New Meiya, Futek Technology, Huawei Digital Energy, etc., have also made significant achievements, contributing to a diversified competitive landscape in the
OBC market.
In terms of market concentration, aside from FinDreams Powertrain, third-party suppliers primarily make up the rankings. The top ten suppliers together account for 71.5% of the market share, reflecting a high level of market concentration. FinDreams Powertrain and Vimes, as leaders, together occupy nearly half of the market share, further highlighting the head effect. This market structure not only reflects the technological strength and market advantages of leading companies but also presents both challenges and opportunities for small and medium-sized enterprises.
