Produced by ZhiNeng Auto
The motor controller installation data for August is out. Fudi Power remains in first place with 219,000 units, holding a 19.9% market share, down 28.7% year-on-year. This decline is more than double the 13.7% drop seen on the motor ranking list. Saike Technology surged +181.7% year-on-year, Lingsheng Technology +117.3%, and CRRC Times Electric +53.8%.
The motor controller and motor rankings share a very similar structure. Fudi Power experienced a steeper decline in motor controllers, while Inovance United Power saw growth in this segment. Geely's motors are supplied by Jidian Electric, but its motor controllers are sourced from Grebo.
Part 1: Top 10 Motor Controller Enterprises by Installation Volume
◎ Fudi Power ranks first with 219,000 units, holding a 19.9% market share, up +6.0% month-on-month and -28.7% year-on-year. The cumulative volume from January to August reached 1.333 million units. BYD accounts for 76.6%, Fangchengbao 12.9%, and Denza 6.0%. The top three make up 95.5%, all of which are in-house brands.
◎ Inovance United Power ranks second with 79,000 units, holding a 7.2% market share, up +22.8% month-on-month and +13.4% year-on-year, with a cumulative volume of 503,000 units. Chery accounts for 23.5%, Xiaomi 19.6%, and Li Auto 16.0%. The top three total 59.1%, spanning three brands.
◎ Lingsheng Technology (Leapmotor's in-house company) ranks third with 64,000 units, holding a 5.8% market share, up +54.5% month-on-month and +117.3% year-on-year, with a cumulative volume of 317,000 units. Leapmotor accounts for 100.0%.
◎ Tesla ranks fourth with 50,000 units, holding a 4.5% market share, up +79.7% month-on-month and +1.1% year-on-year, with a cumulative volume of 312,000 units.
◎ Saike Technology (a subsidiary of SAIC Motor) ranks fifth with 45,000 units, holding a 4.1% market share, up +7.4% month-on-month and +181.7% year-on-year, with a cumulative volume of 273,000 units. SAIC-GM-Wuling accounts for 100.0%.
◎ Grebo ranks sixth with 40,000 units, holding a 3.6% market share, up +20.8% month-on-month and -21.5% year-on-year, with a cumulative volume of 265,000 units. Geely accounts for 100.0%.
◎ CRRC Times Electric ranks seventh with 39,000 units, holding a 3.5% market share, up +4.8% month-on-month and +53.8% year-on-year, with a cumulative volume of 259,000 units. SAIC Passenger Vehicle accounts for 36.7%, SAIC-GM-Wuling 19.6%, and BAIC Motor 13.6%. The top three make up 69.9%.
◎ UAES (United Automotive Electronic Systems) ranks eighth with 36,000 units, holding a 3.3% market share, down -16.8% month-on-month and -15.7% year-on-year, with a cumulative volume of 259,000 units. Xiaomi accounts for 44.6%, Li Auto 22.0%, and IM Motors 9.0%. Xiaomi alone takes up over 40%.
◎ Huawei ranks ninth with 36,000 units, holding a 3.3% market share, down -14.1% month-on-month and -33.6% year-on-year, with a cumulative volume of 241,000 units. Seres accounts for 50.9%, Chery 26.9%, and FAW Bestune 6.3%.
◎ NIO Drive ranks tenth with 35,000 units, holding a 3.1% market share, down -5.5% month-on-month and up +22.5% year-on-year, with a cumulative volume of 230,000 units. NIO accounts for 78.1%, and ONVO 21.9%.
The total motor controller market in August was approximately 1.1 million units. The top 10 accounted for 58.3% in total, nearly 5 percentage points lower than the 63.1% in the motor ranking. The motor controller installation volume was about 180,000 units less than that of motors (due to dual-motor configurations).
Part 2: Major Supported Vehicle Models
◎ Fudi Power's 219,000 units are widely distributed across models. The top five vehicle models total 89,500 units, accounting for 40.9% of the company's volume. BYD Yuan UP accounts for 22,000 units (10.0%), Tai 7 21,100 units (9.6%), Dolphin 16,800 units (7.6%), Sea Lion 05 15,400 units (7.0%), and BYD Song Pro 14,200 units (6.5%).
◎ Among Inovance United Power's 79,000 units, the top five vehicle models account for 44,900 units, or 56.8%. Xiaomi YU7 accounts for 13,600 units (17.2%), Chery New QQ3 12,200 units (15.4%), and Li Auto L6 9,800 units (12.3%). XPeng GX accounts for 5,200 units (6.6%), and JMC E-Fushun 4,100 units (5.1%).
◎ Among Lingsheng Technology's 64,000 units, the top five vehicle models account for 50,100 units, or 78.3%. Leapmotor A10 accounts for 25,000 units (39.1%), C10 9,600 units (15.0%), and C16 5,500 units (8.6%). B10 accounts for 5,300 units (8.3%), and C11 4,700 units (7.4%).
◎ Tesla has only three vehicle models, totaling exactly 50,000 units, which accounts for exactly 100% of the company's volume. Model Y accounts for 24,400 units (48.8%), Model 3 21,000 units (42.0%), and Model Y L 4,600 units (9.2%). The two main models consume 90% of the volume.
Six out of the top ten companies primarily install their motor controllers in their own or affiliated vehicle brands.
◎ The top three clients of Fudi Power are all within the BYD group,
◎ Lingsheng Technology supplies 100.0% to Leapmotor,
◎ Tesla China uses 100% in-house.
◎ Saike Technology supplies 100.0% to SAIC-GM-Wuling,
◎ Grebo supplies 100.0% to Geely,
◎ NIO Drive supplies 100% to NIO and ONVO.
The four companies supplying across different brands are Inovance United Power, CRRC Times Electric, UAES, and Huawei. Inovance (+13.4%) and CRRC Times Electric (+53.8%) are growing, while UAES (-15.7%) and Huawei (-33.6%) are declining.
The top three clients for Inovance account for 23.5%, 19.6%, and 16.0%, while for CRRC Times Electric, they are 36.7%, 19.6%, and 13.6%. The largest single client for either does not reach 40%. In contrast, the two declining companies rely heavily on a few clients: UAES relies on Xiaomi for 44.6%, and Huawei relies on Seres for 50.9%.
External suppliers in the motor controller segment are faring better; two of the four external suppliers are growing, with CRRC Times Electric even surging by 53.8%.
Summary
Relatively speaking, motor controllers require integration with IGBT and SiC modules. The two companies with the steepest declines are Huawei (-33.6%) and Fudi Power (-28.7%), while the most significant surges are seen in Saike Technology (+181.7%) and Lingsheng Technology (+117.3%).