The development of new energy vehicle market drives the reshuffle of traditional automobile bearing industry

The development of new energy vehicle market drives the reshuffle of traditional automobile bearing industry
A booming market
In 2017, more than 1.22 million new energy passenger vehicles were sold worldwide, up 58 percent year-on-year. Among them, the sales volume of China's new energy passenger vehicles exceeded 578,000, accounting for 47.37%. As the country further promotes energy conservation, emission reduction and environmental protection, the popularization of new energy vehicles has become an irreversible market trend.
Because of this, more and more multinational car companies have developed corresponding development strategies in the Chinese market. Ford motor Co. recently announced plans to move 70% of its electric vehicle production to China by 2025. Tesla, which will build factories in China, also has high hopes for the Chinese market. The company has argued that in a few years, tesla's sales in China will account for the largest share of its global sales.
As the sales of new energy vehicles soar, the demand for driving motors increases rapidly. It is predicted that the global drive motor market will reach $4.4 billion in 2020.
The drive motor of new energy vehicle needs special bearing. Compared with the traditional vehicle, new energy vehicles require motor has the very high limit speed, at the same time adapt to 40 ℃ and above 150 ℃ high temperature requirements at low temperature and bearing maintenance function, to adapt to frequent start-stop of axial impact.
The new energy automobile special bearing market is developing vigorously, which poses severe challenges to the bearing industry in China. Yu zhihe, a senior research engineer at Beijing automobile group co., LTD., agrees with Chen guangzu, former secretary general of China automobile industry advisory committee. He believes that China's bearing industry should meet this challenge, actively develop and produce special bearings for new energy vehicles and take the initiative in market competition.