CSSC Holdings(SH:600150) Chan Ye Xin Xi Wang·2025-09-16 01:25Core Insights - The ship propulsion motor is a critical component of the ship's power system, primarily used to drive propellers or water jet propulsion systems, converting electrical energy into mechanical energy [1][2] - The electric propulsion ship is becoming the future direction of the shipping industry, driven by advancements in power electronics, microelectronics, and computer information technology, as well as the rise of artificial intelligence and big data [1][6] - The demand for ship propulsion motors in China is projected to grow significantly, from 7.5 MW in 2017 to 346.8 MW in 2024, and is expected to reach 480 MW by 2025 [8] Industry Overview - The electric shipbuilding tonnage in China is expected to increase to 436,700 tons in 2024, with the market size reaching 5.459 billion yuan, and further growing to 605,800 tons and 7.33 billion yuan by 2025 [6][7] - The ship propulsion motor industry is categorized into upstream (raw materials like steel, copper, and rare earth permanent magnet materials), midstream (R&D and manufacturing), and downstream (applications in various types of ships) [8][9] Competitive Landscape - There are nine notable companies in the domestic ship propulsion motor market, including Zhuzhou Shangchi Electric Co., Ltd., Jiangxi Chip Power Technology Co., Ltd., and Ningde Times Motor Technology Co., Ltd. [9] Development Trends - The ship propulsion motor is evolving towards higher efficiency, intelligence, and environmental sustainability, with an expanding application range in the shipping sector [9][10]