Recently, the concept of hot management has been sought after by funds, and the company has raised the daily limit, including shares, Hanyu Group, Chunhui Intelligent Control, etc.
Auto heat management is an important component of the safe, efficient and stable operation of the car. From fuel vehicles to electric vehicles, the value of thermally managed bicycles has increased significantly. The value of bicycles in the medium-heat management system of fuel vehicles is about 25,000-5,500 yuan, and pure electric vehicles can reach 35,000-13,000 yuan, nearly double.
According to calculations, by 2025, the global new energy vehicle thermal management market size will reach 146 billion yuan, of which the domestic market will be 76.7 billion yuan.
The rapid growth of the global new energy passenger car market has brought huge increments and opportunities to the thermal management industry.
According to China Industry Information Network, the domestic electric vehicle thermal management system market size is expected to expand to 42 billion yuan, with a compound annual growth rate of more than 30%.
The new energy thermal management industry is expected to become a "gold mine" to be explored in the sub-sectors of the new energy industry chain.
Traditional fuel vehicle VS new energy vehicle thermal management
Auto heat management industry combines knowledge of various disciplines such as thermal, mechanics, and electricity, involving forging, welding, and assembly, with high technical barriers.
Its essence is to control the temperature through heat transfer and form a reasonable temperature field.
Traditional fuel vehicle thermal management mainly includes thermal management of air conditioning systems and engine systems. The purpose is to ensure that all components of the vehicle are at the appropriate temperature and ensure that the vehicle can perform the best driving performance.
The thermal management system of new energy vehicles has great differences with it in terms of power source and engine structure.
Compared with traditional fuel vehicles, the power source of the air conditioning system has transformed from an engine to a battery, and it loses an important heat source during heating. Therefore, fundamental changes in the power systems of new energy vehicles, especially pure electric vehicles, are reshaping the architecture of automobile thermal management systems.
Tesla Model 3 thermal management system schematic diagram:
New energy vehicle thermal management
Thermal management system is the most changeable part of the new energy vehicle compared to fuel vehicles. At the same time, it is more complex than fuel vehicles, which has also led to an increase in the value of single products of the thermal management system and its importance to the whole vehicle.
New energy vehicles have brought new changes to the thermal management system, mainly including thermal management of air conditioning systems and three-electric thermal management.
air conditioning and refrigeration system is separated from the engine power source and upgraded to electric compression mechanism cooling. The motor electronic control waste heat is insufficient, and additional heating modules are needed. Generally, PTC or heat pump is used as the heating system.
powertrain drives the coolant to circulate and flow cooling through an electronic water pump. The power battery needs to be equipped with an independent thermal management module to ensure that the battery operates within a stable temperature range.
In addition to covering traditional body air conditioning systems, the thermal management system of new energy vehicles also includes battery thermal management system, motor and electronic control management system, reducer cooling system, etc. The components involved include control components (electronic expansion valves, water valves, etc.), heat exchange components (cooling plates, coolers, oil coolers, etc.) and driving components (electronic water pumps and oil pumps, etc.).
Among them, the increase in new components such as battery coolers, electronic expansion valves, cooling plates, and PTC heaters has driven a significant increase in the value of the thermal management system of new energy vehicles.
Because components such as batteries, motors and electronic controls are more sensitive to temperature, the demand for thermal management is greater, and a single unit of the thermal management system is more valuable.
New energy vehicle thermal management market competition pattern
Because thermal management is developed based on the air conditioning and engine cooling systems of traditional automobiles.
Most of the air conditioners and engine cooling systems for traditional cars in the past were produced. Later, they followed the development opportunities of new energy vehicles. They used their own customer base and experience advantages to enter the research and development of related thermal management components and integrated systems, and gradually grew into a thermal management system supplier covering traditional cars and new energy vehicles, and occupied a leading position in the global market.
According to EV Sales data, in the traditional thermal management system market, Denso Japan, Mahler, France, and Hanang South Korea account for more than 70% of the global market share.
Global thermal management enterprise market share:
From the perspective of specific thermal management systems and components, foreign leaders basically cover all aspects of automotive thermal management systems. Domestic manufacturers mainly provide valve and pump components.
In the new round of technological iteration, the new thermal management market created by new energy vehicles may break the original competitive landscape and reshape the automotive thermal management supply chain.
Domestic subsidies decline have led to an increase in demand for low-cost parts for car companies. Domestic new energy vehicle thermal management manufacturers have more local supporting facilities and cost advantages than traditional foreign manufacturers. It is expected to fully enjoy the development dividends of domestic new energy vehicles and is expected to quickly seize the thermal management market for new energy vehicles.
China's automobile thermal management industry chain
China's automobile thermal management industry chain consists of upstream parts, midstream system integration suppliers, and downstream OEMs.
The electronic expansion valve, four-way valve, PTC and other components in the thermal management components of new energy vehicles are the same as the technology of household air conditioners. The related diversified transformation has been confirmed by companies such as Sanhua Intelligent Control and Oriental Electric Heating; and the air conditioning and heat pump systems of new energy vehicles are also highly similar to household air conditioners. At present, Midea Group has achieved mass production of compressors and related motor products.
In the thermal management industry chain, the main listed companies of thermal management components include Chang Aluminum Co., Ltd., Feilong Co., Ltd., and Dun'an Environment; the listed companies involved in aluminum heat transfer materials include Huafeng Aluminum, Yinbang Co., Ltd., and Mingke Jing Technology; the liquid-cooled plate terminals mainly include Kechuang Energy, Feirongda, Sanhua Intelligent Control, Yinlun Co., Ltd., etc.; the companies involved in thermal management business mainly include Songzhi Co., Ltd., Tenglong Co., Ltd., Aotjia, etc.
With the increase in penetration rate of new energy vehicles and the huge changes in the thermal management system, four major categories of core components usher in a high prosperity: air conditioning compressors, valves, heat exchangers and pumps.
It is estimated that the market size of the core segment of domestic new energy vehicle thermal management tracks will be 50 billion yuan in 2025. It is estimated that by 2030, the domestic thermal management market for new energy vehicles will reach 111.4 billion yuan, accounting for 58.5% of the world. In addition, it is estimated that the domestic electric compressor market size will exceed 20 billion yuan in 2030, and the electronic expansion valve market size will exceed 10 billion yuan.
look at the subdivision. Sanhua Intelligent Control’s products in the field of thermal management include heat pump systems, cooling plates, battery cooling plates, electronic water pumps, and electronic expansion valves; Yinlun Co., Ltd. is under development of battery thermal management, and is deploying heat pump systems, cooling plates, battery cooling plates, and electronic water pumps.
Industry insiders said that at this stage, the new energy vehicle thermal management system market is in a segmented industry with accelerated marginal technology iteration and strong short-term explosiveness. However, at present, domestic and foreign manufacturers do not have a significantly advantageous plan for thermal management of new energy vehicles, and the differences between the plans are quite large.
The latest and most complete 43 automotive thermal management concept stocks:
(1) Science Innovation Source: The company first entered the field of 5G base station heat dissipation liquid cold plate products in 2019. Currently, the company has the development of various heat transfer components such as blown liquid cold plates for new energy vehicles and energy storage systems, as well as processing technology, process technology and product applications.
(2) Jiangsu Leili: The company has developed heat pump compressor motors and controls and actively deployed new energy thermal management systems and related products;
(3) Yinbang Co., Ltd.: The company has independently developed a thermal management aluminum heat transfer material for cooling power batteries for new energy vehicles.
(4)Autijia: The company is a provider of key components and overall air conditioning systems for passenger car thermal management products.
(5) Yinlun Co., Ltd.: The company began research on new energy products in 2010, based on thermal management, and gradually formed a new energy product layout of 1+3+N, becoming the world's most comprehensive supplier of new energy vehicle thermal management products.
(6) Songzhi Co., Ltd.: It has carried out patent layout and product development on the comprehensive thermal management technology of the vehicle, including air conditioners, batteries, motors, electronic controls and other main components of the vehicle, covering cabin thermal management, battery thermal management, motor electrical control thermal management, controller thermal management, etc., to achieve the effective utilization of the heat of the vehicle and improve the energy efficiency of the vehicle.
(7) Sanhua Intelligent Control: The company's new energy vehicle thermal management products will increase research and development while seizing the market's initiative, highlighting intelligent control, developing from components to components and subsystems, and making the products more refined and specialized.
(8) Gaolan Co., Ltd.: Dongguan Sixiang, a holding subsidiary of the company, mainly engages in new energy power battery thermal management and automotive electronics manufacturing business
(9) Feirongda: The company can provide customers with products related to new energy vehicle battery packs such as liquid-cooled plates, thermal gels, thermal structural glues, thermal interface materials, vehicle-mounted radiators, etc.
(10) Wuzhou New Year: The company's automotive thermal management system products mainly include automobile air conditioning pipelines, heat exchange system connection hard pipes and heat exchange system accessories.
(11)Huide Technology
(12)Langjin Technology: Currently, the company developed, produced and sold new energy bus air conditioners and battery thermal management system products
(13)GLai Mechanical and Electrical: The company's carbon dioxide heat pump air conditioning pipeline system (refrigerant conduit) has passed the experimental certification of Volkswagen MEB and has entered the stage of capacity construction and mass production preparation.
(14) Chiron Hi-Tech: The company has automotive thermal management technology.
(15) Chunhui Intelligent Control: The company's auto parts related products mainly include internal combustion engine accessories and automotive thermal management components
(16) Hisense Home Appliances: Sandian Company is the world's leading first-level manufacturing supplier of automotive air conditioning compressors and automotive air conditioning systems. The comprehensive thermal management systems and automotive air conditioning products it develops have been widely used in new energy vehicles
(17) Hunan Oil Pump: As a first-level component supplier of major domestic and foreign vehicle manufacturers or main engine factories, the products produced are mainly used in the power transmission systems, lubrication systems, thermal management systems and brake systems of traditional automobiles and new energy vehicles.
(18)Fuao Co., Ltd.: The company's main products are automotive thermal management systems and automotive electronic equipment systems.
(19) Changhong Huayi: The company's subsidiary company is engaged in electric turbo compressors, supporting air conditioners for new energy vehicles. Electric compressors are core components of the thermal management system of new energy vehicles.
(20) Xiangxin Technology: Currently, liquid-cooled plate, bottom guard plate, cover plate, pallet, end plate, copper bar connection and other products are provided for power battery companies.
(21) Xuelong Group: The company's thermal management business products mainly include: cooling fan assembly related to commercial vehicle thermal management, silicone oil clutch fan assembly, electronic silicone oil clutch fan assembly, etc.
(22)ST Baling: The company's products are mainly used in automotive engine cooling systems and turbocharger systems, automotive heating systems, automotive automatic transmission cooling systems and other fields.
(23) Huayu Auto: The company mainly produces air-conditioning assembly, cooling module, battery cooler, low-temperature radiator, condenser and water-cooled plate and other products
(24) Meichen Ecology: The company put into production and implements new energy thermal management factory in 2021, embracing the industrial trend of traditional fuel vehicles to new energy vehicles with plastic instead of steel and plastic instead of rubber, and accelerates the industrialization of pipelines of plastic structures and can be successfully implemented
(25) Haili Co., Ltd.: The company's automobile thermal management products mainly include traditional automobile air-conditioning compressors, electric scroll compressors for new energy vehicles, automobile air-conditioning systems, new energy vehicle heat pump (air conditioning) systems, etc.
(26)Xiangming Intelligent: Products produced in batches by the company's thermal management system.
(27) Dongfeng Technology: The company said on the interactive platform: its subsidiary has automotive thermal management system products.
(28)Biaogong Shares: The company's products can be used in the heat management system pipelines formed inside or between units such as power batteries, drive motors, electronic control systems, air conditioners, heat pumps, radiators, etc.
(29) Zhaomin Technology: The company has successfully developed core functional parts of the automotive thermal management module, electronic water pump, electronic oil pump, electronic water valve, OAD, water-cooled intercooler parts, super precision engineering plastic parts and other products.
(30)Tongda Electric: The company's new energy vehicle motor and thermal management system series products are mainly new energy vehicle engines and new energy motor thermal management systems.
(31) Del Co., Ltd.: The company has successfully developed an important component of the thermal management system of new energy vehicles, electronic water pumps,
(32) Tenglong Co., Ltd.: The company's main business is thermal management system products, EGR and automotive hose components.
(33) Feilong Co., Ltd.: Currently, the company's electronic water pumps, thermal management systems, control valves and temperature control modules can be used in engine thermal management, new energy thermal management, hydrogen energy fuel cells and other fields.
(34) Zhongshi Technology: The company provides water-cooled plate and other cooling products on new energy vehicles.
(35)Dunan Environment: As a global leading refrigeration components company,Dunan Environment has a deep technical precipitation in key components of the thermal management system of new energy vehicles. The product matrix of electronic expansion valves, solenoid valves, electronic water pumps and other products has been improved and has been designated for multiple projects such as BYD, Geely, and NIO.
(36) Weitang Industry: The company owns patents for water-cooling plates and battery adaptive water-cooling plates.
(37) Beite Technology: The company has the ability to provide automotive overall thermal management technology based on main components such as electric compressors, carbon dioxide compressors, heat pump systems, etc., and can provide vehicle manufacturers with core parts (compressors and thermal management controllers) and vehicle thermal management solutions, and develops towards integration, intelligence and efficiency in thermal management;
(38) Zhongding Co., Ltd.: The company has been promoting the research and development and production of thermal management pipeline products for many years, and its subsidiary Germany TFH is an excellent supplier of thermal management pipeline assembly products for engines and new energy vehicles.
(39) Hengshuai Co., Ltd.: The company's automotive thermal management system products are used in new energy vehicle batteries.
(40) Oriental Electric Heating: The PTC electric heater for new energy vehicles produced by the company is part of the new energy vehicle thermal management system.
(41) and Ertai: In terms of thermal management and control, the company has developed from three directions: integrated thermal management control technology, heat pump technology and thick film heating technology. It can not only provide integrated control solutions and controller production, but also provide component design and assembly, providing a complete set of solutions for thermal management and control of new energy vehicles.
(42) Chang Aluminum Co., Ltd.: The company currently mainly produces automotive lightweight products covering automotive radiators, new energy power battery pack heat dissipation modules, battery foils, shells, etc.
(43) Yongmaotai: The company has auto parts business, focusing on the development of new energy vehicle drive systems (battery packages, motors, gearboxes, electronic controls), body, calipers, automotive air conditioning compressors, etc.
