AAA weekly

2022-01-14

Broad-Ocean Motor Steps Up R&D of Fuel Cell Batteries, BEV Powertrains

This report includes information on the following topics: Key images:
  • Broad-Ocean Motor
  • China
  • NEV
  • powertrains
  • supplier
  • net profit
  • EV
  • business performance
  • Changan Automobile
  • Chery Automobile
  • Tata Motors
  • India
  • 48V hybrid system
  • SAIC GM
  • BEV
  • range extender generator
  • growth
  • sales revenue
  • operating profit margin
  • sales composition
  • automobiles
  • rental and leasing
  • construction
  • household motors
  • starters
  • generators
  • magnetic materials
  • business trends
  • annual production capacity
  • hydrogen fuel-cell
  • supply
  • passenger vehicles
  • financial report
  • sales channels
  • Great Wall Motor
  • Renault
  • electric drive system
  • Europe
  • export
  • Levdeo
  • Xpeng Motors
  • Norway
  • commercial vehicles
  • Caterpillar
  • Foton AUV Bus
  • Sunwin Bus
  • GAZ Group
  • 48V BSG supply
  • Chevrolet Orland
  • Excelle
  • Regal
  • GL6
  • FCEV
  • fuel cell system
  • Ministry of Industry and Information Technology
  • Recommended Models Catalog
  • Breton
  • Chengdu, Sichuan province
  • Xinjin county
  • Chengdu city
  • clean energy
  • strategic partnership
  • R&D
  • factory construction
  • Liuheng Management Committee
  • Zhoushan Islands New Area
  • Qingche Shulu Enterprise Development
  • Zhejiang province
  • compound energy stations
  • low carbon
  • supply activities
  • Beijing Prestolite Electric
  • alternators
  • emission regulations compliance
  • Weichai Power
  • Yuchai Machinery
  • Cummins
  • Prestolite
  • Wuhu Generator Automotive Electrical Systems
  • subsidiary
  • Geely Automobile
  • Brilliance Xinyuan Chongqing Automobile
  • BYD
  • joint venture
  • Tata AutoComp Systems
  • Americas
  • Nexon EV
  • Tata Tigor EV
  • Shanghai Edrive
  • stock acquisition
  • stock disposal
  • Shanghai Chongsu Energy Group
  • BAIC Bluepark New Energy Technology
  • Ballard Power Systems (BLDP)
  • sales composition by market
  • overseas
  • domestic
Bar graph: Broad-Ocean Motor: Sales Revenue and Operating Profit Margin (2016-2020, YTD September 2020 / 2021) Pie charts: Broad-Ocean Motor: Sales Composition by Product (2020 vs. YTD June 2021)

Chinese NEV powertrain supplier Broad-Ocean Motor's sales in first nine months of 2021 increased 32.1% year- on-year to 7.32 billion CNY, and net profit went up 97.2% year-on-year to 380 million CNY. In addition to a significant increase in sales of powertrains for NEVs, thorough cost reductions have boosted business performance. Profits were driven up by the strong performance of electric vehicle-related business. The company has been supplying 3-in-1 powertrains for BEV manufactured by China’s Changan Automobile, Chery Automobile and India’s Tata Motors. Broad-Ocean Motor has also increased sales by launching mass production of its in-house developed 48V hybrid system supplied to SAIC GM. In addition, the 120 kW 3-in-1 powertrain for BEVs and the 40 kW range extender generator are positioned as new growth areas.

Bar graph: Broad-Ocean Motor: Sales Revenue and Operating Profit Margin (2016-2020, YTD September 2020 / 2021)Pie charts: Broad-Ocean Motor: Sales Composition by Product (2020 vs. YTD June 2021)
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