Core Insights - The after-sales maintenance market for new energy vehicles in China is projected to reach 300 billion yuan by 2025, with the maintenance of the "three electric" systems (battery, motor, and electronic control) accounting for over 15%, approximately 45 billion yuan [2] - The number of vehicles with expired warranties for the "three electric" systems is expected to surge, with nearly 20 million power batteries reaching warranty expiration in the next eight years [2] - There is a significant talent gap in the new energy vehicle after-sales service sector, with an estimated shortage of 824,000 professionals by 2025, while currently, there are fewer than 100,000 technicians with qualifications for "three electric" maintenance [2] Industry Actions - Battery manufacturers, such as CATL, are expanding their services from B-end supply chains to C-end services, launching repair chains like "Ningjia Service" to address technical challenges in battery maintenance [2] - Automakers like Tesla and Li Auto are providing services through direct mechanical and electrical repair centers, while BYD has established a closed-loop independent maintenance system for "three electric" components [3] - Insurance companies are also developing or leading repair networks, such as the "Zhongbao Zhixiu" chain by China Pacific Insurance, which offers comprehensive services including "three electric" repairs [3] Challenges in the Market - The development of the after-sales market for new energy vehicles faces challenges, including the complexity of technology and parts, which makes it difficult for third-party repair shops to provide maintenance [4] - After-sales service providers may refuse warranty services if they find non-official maintenance records, limiting consumer choice [4] - There is currently no unified assessment standard for "three electric" systems, leading to high repair costs determined solely by brand owners [4] Future Outlook - The maintenance market for "three electric" systems is expected to experience unprecedented growth opportunities alongside challenges as the number of new energy vehicles continues to rise and more vehicles go out of warranty [5] - This presents a new blue ocean for industry players, offering vast business opportunities, while consumers hope to alleviate issues related to high repair costs and difficulties in finding service [5]

Core Insights - The rapid growth of the independent aftermarket for electric vehicles (EVs) is anticipated as over 3.5 million EVs will exit their warranty period by 2025, leading to a surge in demand for components related to the three electric systems (battery, motor, and control system) [1][2] - The current after-sales market for EVs is estimated to reach 300 billion yuan by 2025, but faces challenges such as high repair costs, insufficient authorized service points, and limited capabilities in the maintenance and testing of the three electric systems [1][2][3] Market Dynamics - The number of EVs in China is projected to exceed 50 million by 2025, with the number of vehicles out of warranty increasing from 1.36 million in 2024 to 3.5 million in 2025 [2] - The current workforce in the EV repair sector is less than 100,000, highlighting a significant shortage of skilled technicians, with a gap of over 80% expected in 2025 [2][3] Repair Challenges - Third-party repair shops face significant difficulties in servicing EVs due to the proprietary nature of the technology and lack of standardized parts in the secondary market [2][3] - The absence of a unified assessment standard for the three electric systems results in repair costs being dictated by the manufacturers, complicating the pricing landscape for consumers [4] Regulatory Environment - Recent policy measures aim to enhance the supply channels for EV repair parts and encourage manufacturers to open up technology for better economic viability in battery repairs [5] - The emergence of third-party testing services and platforms is expected to benefit the independent repair market for out-of-warranty EVs [5] Data Sharing and Collaboration - Breaking down "information silos" and achieving data sharing among manufacturers is crucial for the sustainable development of the EV aftermarket [6] - Utilizing big data to assess the remaining lifespan of the three electric systems and the residual value of used vehicles can enhance service offerings and consumer trust [6]