【联合发布】2025年12月新能源汽车三电系统洞察报告

Group 1: Market Overview - The Chinese new energy vehicle (NEV) market continues to experience rapid growth, with a production volume of 16.524 million units in 2025, representing a year-on-year increase of 25.1% and a cumulative penetration rate of 47.5% [5][7] - The market is driven by policy support, product innovation, and export growth, contributing to a high-quality development direction [7] Group 2: Market Structure - By December 2025, the market share of cars (CAR) was 37.5%, down 6.1 percentage points year-on-year, while SUVs and MPVs accounted for 48.7% and 4.2%, respectively [11] - The truck market share increased to 6.0%, and the bus market share was 3.6%. The truck segment saw a significant year-on-year growth of 113.7% [11] Group 3: Battery Installation Trends - The installed capacity of NEV power batteries reached 92.0 GWh in December 2025, marking a year-on-year growth of 31.9% [17] - The average battery capacity per vehicle was 62.5 kWh, up 23.2% year-on-year, with BYD, Tesla, and Xiaomi being the main contributors to the installed capacity [17] Group 4: Battery Cell Structure - In 2025, square battery cells accounted for 98.1% of the market, while cylindrical and soft-pack cells made up 1.4% and 0.4%, respectively [18] - Lithium iron phosphate (LFP) batteries are becoming the mainstream choice in the NEV sector due to their cost, safety, and technological advantages [18] Group 5: Battery Supplier Market Share - By December 2025, the top three battery companies held a market share of 74.2%, with CATL leading at 49.8% [20] - Companies like Zhongxin Innovation and LG showed significant year-on-year growth rates of 83.7% and 104.4%, respectively [20] Group 6: Drive Motor Supplier Trends - The top ten drive motor suppliers accounted for 62.5% of the market share, with most companies experiencing a month-on-month increase in supply [22] Group 7: Fast Charging Battery Technology - Fast charging batteries represent a systemic engineering approach focused on ultra-high charging rates, impacting materials, structure, thermal management, and system integration [30] - The core value of fast charging technology lies in redefining the refueling experience for electric vehicles, extending beyond just fast charging [32] - Current challenges in scaling fast charging technology include various systemic issues [36] - Chinese battery companies have established a leading competitive position globally in the fast charging sector, with distinct technological paths [40]