China electric vehicle motor market is anticipated to grow at a CAGR of more than 20% during the forecast period, 2019-2025. The country is the largest electric vehicle market globally with covering around 50% of the global electric sales. Though, in 2019, the government revoked multiple subsidies on electric cars which resulted in a downfall in the sales of the EVs in the second half of 2019. Most of the electric cars and commercial EVs are manufactured domestically in the country which is providing a significant market to the electric vehicle motor in the country. Moreover, the company has one of the highest reserves of lithium (a key raw material for battery manufacturing), advance technologies for EV manufacturing, and low-cost workforce due to which global automakers are expected to establish their manufacturing unit in the country. For instance, Tesla Inc. constructed its first Gigafactory in Shanghai, China with an initial production rate of 250,000 EVs per year and manufactured its first car in December 2019. 

China electric vehicle motor market is segmented based on motor type, propulsion technology, and vehicle type. On the basis of motor type, the market is analyzed into the AC motor and DC motor. By propulsion technology, the market is further divided into battery-electric vehicles and plug-in hybrid electric vehicles. Battery-electric vehicle motor is projected to show a considerable market growth in the country. By vehicle type, the market is further analyzed into passenger cars, commercial vehicles, and others. The passenger vehicle segment will have a major market share during the forecast period. 

Key companies contributing to the market include BorgWarner Inc., Continental AG, Hitachi Automotive Systems, Ltd., Nidec Corp., Ningbo volcanic electric co., LTD, Parker-Hannifin Corp., Protean Electric, Robert Bosch GmbH, Tesla Inc., Toshiba International Corp., Valeo SA, WEG Industries, ZF TRW Automotive Holdings Corp. and others. The market players are considerably contributing to the market growth by adopting various growth strategies including new product launch, merger and acquisition, collaborations with government, and technological advancements to stay competitive in the market. For instance, in February 2020, Nidec Corp. announced to invest $910 million to construct new electric vehicle motor plants in the country which will provide around 3.6 million electric vehicle motor annually at a much-reduced price. 

Research Methodology

The market study is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts to brings authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. China Electric Vehicle Motor Market Research and Analysis by Motor Type
2. China Electric Vehicle Motor Market Research and Analysis by Propulsion Technology
3. China Electric Vehicle Motor Market Research and Analysis by Vehicle Type

The Report Covers

• Comprehensive research methodology of China Electric Vehicle Motor Market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting China Electric Vehicle Motor Market.
• Insights about market determinants which are stimulating China Electric Vehicle Motor Market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.