With the vigorous development of the new energy vehicle industry in recent years, the development of the relevant parts industry and supporting facilities have gradually attracted attention. At the same time, the development of automotive automation and intelligence drives the development of high-voltage and high-speed connectors.
The leading Chinese manufacturers of high-voltage and high-speed connectors are:
♦ Electric Connector Technology Co., Ltd. (ECT)
♦ Lexus Precision
The company specializes in the R&D, production, sales and service of highly reliable optical, electrical, and fluid connectors and related equipment. In 2020, the revenue will be 10.3 billion China yuan, and the revenue from electrical connectors will be 7.7 billion China yuan, accounting for 75%. Relying on military enterprises, the company has continued to expand the field of civil products, such as 5G communication, new energy vehicles, etc. It is the leading enterprise that entered the field of high-voltage connectors for new energy vehicles earlier in China and can provide professional high-voltage interconnection solutions for new energy vehicles, including high-voltage wiring harnesses for the whole vehicles, high-voltage connectors and signal connectors for high-voltage equipment.
The company insists on focusing on world-class and domestic mainstream automobile enterprises, including Tesla, BYD, Zhongtong, Yutong, Chery, JAC, BAIC, CATL, etc.
In 2019, the high-voltage panel connectors developed were successfully matched with Tesla Model 3, and the number of key projects and customers in the field of new energy vehicles increased significantly in 2020. In March 2021, the South China Industrial Base, with a planned investment of 2.25 billion China yuan, was officially started. It is expected to be completed and go into service by the end of 2024. The expected annual sales after reaching the production capacity are 5.5 billion China yuan. This new Industrial Base is mainly for local customers including communication, data centers, new energy vehicles and consumer electronics to provide interconnection solutions. So to give play to the advantages of industrial agglomeration to promote the vigorous development of JONHON' civil products business.
The company was founded in 2006 and began to gradually design and develop new energy high-voltage connectors in 2012. It is mainly engaged in new energy connectors and communication connectors.
The 2020 revenue is 610 million yuan including the new energy connector revenue of 298 million yuan, accounting for 49%. And the gross profit is 22.21%.
At present, their automotive customers include Tesla, NOI, SAIC, Chang'an, Chery, CATL, Great Power, etc. Tesla and NOI contribute more than 50 million yuan to the company's revenue in 2020. At present, the company cooperates with H customers to develop customized high-voltage connectors and high-speed connectors.
The company was founded in 2006 and mainly engaged in radio frequency connectors for mobile phones. And then it engaged in the vehicle connector business mainly FAKRA connectors from 2014. In 2020, the company's revenue was 2.59 billion yuan, the revenue of vehicle connectors was 110 million yuan, accounting for 4%, and the gross profit was about 30%.
The company's existing vehicle customers are Great Wall Motor, Geely, Chang'an, JAC and BYD. At present, the company cooperates with H customers to develop customized high-speed connectors and Ethernet connectors.
The company is mainly engaged in consumer electronics, communication and data center automotive electronics and etc. In 2020, the company's revenue was 92.5 billion yuan, and the revenue from automotive interconnection products and precision components was 2.844 billion yuan. The company started the research and development of connectors for Vehicle-borne electronics and automotive auxiliary systems in 2006.
At present, its products include automotive wire harnesses, special harnesses, high-voltage harnesses and connectors for new energy vehicles, intelligent electrical boxes, RSUs (roadside units), on-board Telematics Control Units (TCUs) and central gateways.
It has become the supplier of Great Wall Motor, Nissan, BMW, Benz and etc. Relying on the company's precision manufacturing platform and good customer channels, the company has independently developed and produced gigabit Ethernet connectors, which can be widely used in ADAS, domain controllers and other products. It is developing a number of high-frequency high-speed vehicle connectors to comply with the trend of the Internet of Vehicles.
Post time: Feb-13-2023