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By Li Panpan
More of China’s mobile phone industry chain manufacturers and suppliers are partnering up with new energy car companies as their system and parts suppliers to gain from the recent boom in the EV market, JW Insights reported.
As the new energy vehicles’ penetration rate rises rapidly in China, both car companies and their suppliers are quickly locking up resources for their next development. Several car companies acquired lithium mines and established joint ventures with power battery companies. Several mobile phone industry chain manufacturers have sought various ways to enter the new energy car market.
Apple’s supplier Luxshare-ICT(立讯精密) spent RMB10.054 billion($1.50 billion) this February in acquiring 19.88% equity of Chinese vehicle maker Chery Holdings, 7.87% of Chery shares, and 6.24% equity of Chery New Energy.
SiC chipmaker Sanan Semiconductor (三安光电) formed a joint venture this March with Li Auto(理想汽车) to focus on the R&D and production of the third-generation semiconductor silicon carbide automotive-grade chip modules.
After the U.S. sanctions hurt Huawei in its mobile phone business. As a major move in its new transformation, it has developed an in-vehicle operating system - HiCar system - to go into EV making. So far HiCar system has been used in more than 150 models from partners like Volvo, Geely, BYD, and Audi.
One industry insider commented that everyone seems to be rushing for resources, a clear trend in the EV industry. Most car companies don’t judge new suppliers by their achievements in other fields but by their experience in mass production and delivery of products.
With more mobile phone industry companies joining the EV market, they bring new styles and practices. The tactic of intensively releasing new EV products like that on the mobile phone market might stimulate users to buy and change cars at a faster pace, shortening the development cycle of the smart car market, said the JW Insights report.
