Dublin, Sept. 14, 2022 (GLOBE NEWSWIRE) -- The "China Passenger Car Electronically Controlled Suspension Industry Report, 2022" report has been added to ResearchAndMarkets.com's offering. The penetration rate of air suspension is as low as 0.7% in Chinese passenger car market.
In terms of commercial vehicles, air suspension finds wider application in commercial vehicles as regulations require mandatory installation.
According to the Technical Specifications for Safety of Power-Driven Vehicles Operating on Roads (2017), the rear axles of trucks (cross weight: 12,000kg) transporting hazardous articles, all semi-trailers transporting hazardous articles, and three-axle balustrade and silo-type semi-trailers should be equipped with air suspension since January 1, 2020. The penetration rate of air suspension in Chinese commercial vehicles remains very low, compared with about 85% in rich world, leaving plenty of space to grow. According to the statistics of the publisher, the air suspension penetration in the imported passenger car market was about 25% from January to April 2022, compared with about 0.7% in the China-made passenger car market. Chinese OEMs and Tier 1 suppliers are rapidly lowering the application threshold of air suspension.
Air suspension makes cars much easier to maneuver and far more comfortable. It is mostly used in imported luxury cars priced at more than RMB600,000, such as Mercedes-Benz, BMW, Audi, Volvo, Land Rover and Porsche.
Emerging carmakers like NIO, Xpeng and Li Auto, and conventional automakers including Geely, FAW-Hongqi and Great Wall Motor install air suspension on their high-end smart cars for branding. They either work on independent full-stack development, or cooperate with air suspension suppliers, realizing downward penetration of air suspension. Chinese automakers may tend to develop their own air suspension control units and algorithms (which are eventually integrated into chassis domain controllers). They split hardware assembly into air supply units, air springs, sensors and other components, and purchase them separately. Then OEMs take on the ultimate integration.
This mode brings opportunities to domestic component suppliers to make breakthroughs at a single point, for example, Shanghai Baolong, Zhongding Sealing Parts, Tuopu Group, and KH Automotive Technologies among others have gradually achieved mass production and supply of air suspension components. At present, the air suspension of a single vehicle is worth about RMB11,000-16,000. With the localization of the supply chain and the increase in production, the average price of passenger car air suspension made in China is expected to drop to less than RMB8,000. Driven by consumption upgrade and localization, air suspension is sinking to RMB600,000 to RMB300,000 models of emerging automakers as an optional or even a standard configuration from luxury cars priced at RMB600,000. Since 2018, the launch of NIO ES8 and ES6 has downgraded air suspension to vehicles with prices lower than RMB400,000. In 2021, ZEEKR 001 and Dongfeng Voyah FREE further pushed air suspension down to models within RMB300,000. In the clear trend of automobile consumption upgrade in China, models valued above RMB200,000 has made up much more of the total sales, with the proportion up from 17.3% in 2016 to 30% in 2021. The upgrade of automobile consumption has also accelerated the penetration of air suspension. KH Automotive Technologies has its own air spring assembly line, with the planned annual capacity of the Phase I up to 150,000 sets. Tuopu Group's first air suspension system factory is located in Ningbo Binhai New Area, with the total investment of about RMB600 million. The facility is scheduled to come into operation in June 2022, producing 2 million sets of air suspension annually for 500,000 vehicles.
Shanghai Baolong has invested RMB1 billion in building an air spring production line in Hefei, with the annual capacity supporting 100,000 vehicles. The second and third lines will start production in 2023. Another six production lines are planned to be built in the future. In 2025, the company will boast air spring capacity that supports more than 500,000 vehicles.
The operation of a large number of air spring production lines in China will surely facilitate the mass adoption of air springs in vehicles, laying a hardware foundation for the introduction of higher-level suspension functions such as Magic Carpet Suspension. Magic Carpet suspension springs up.
Common air suspension systems often allow manual selection of driving modes which differ in suspension settings. Magic Carpet suspension goes a step further, scanning the pavement in front of the car through cameras and radars to adjust the damping, height and stiffness of the air suspension so as to smoothly pass through bumpy roads. Magic Carpet suspension generally has one more environmental perception system (vision and radar, etc.) and controllers with higher computing power (the computing power of domain controllers may be used) than air suspension. The environmental perception system most widely used in Magic Carpet suspension is the stereo vision system. Mercedes-Benz's Magic Carpet suspension system is called the MAGIC BODY CONTROL which uses a stereo vision system. BMW also uses stereo cameras as a perception system. The BMW Magic Carpet Suspension is composed of the following systems: dynamic damping control system, integral active steering system, intelligent all-wheel drive system, 4 wheel speed sensors, electric active stabilizer bars on the front and rear axles, 12V battery and inverter, and front windshield stereo camera. Among Chinese stereo vision suppliers, Smarter Eye and Shanghai Baolong have both secured designated projects for Magic Carpet suspension. Voyah first introduced the `Magic Carpet` function to its MPV Dreamer. The solution is comprised of the following units: four CDC shock absorbers, five acceleration sensors, cameras & control units, and front double wishbone + rear five-link + air suspension. The front camera scans the pavement 5 to 15 meters in front of the vehicle in real time to detect special road conditions such as speed bumps and road bulges.
Meanwhile, sensors monitor the movement of the vehicle and transmit the movement signal to the control unit which then calculates the sensor signal and output the control current to the solenoid valves on four CDC shock absorbers according to the internal control algorithms, thus controlling the damping force to offer more driving comfort. Suspension control needs to combine with steering, braking control, and ADAS functions
In the chassis control of luxury brands, electronically controlled suspension never exists independently, and instead often combines with steering and brake control systems, such as Mercedes-Benz's E-Active Body Control System. Mercedes-Benz's E-Active Body Control uses five multi-core processors, more than 20 sensors, and stereo cameras to predict different driving situations.
Like ADAS, Magic Carpet suspension also requires an environmental perception system, so the two can share some sensors. Among Chinese enterprises, Smarter Eye and Shanghai Baolong have launched "Magic Carpet suspension + ADAS" fusion perception solutions together with their partners. Key Topics Covered: 1 Overview of Electronically Controlled Suspension Industry 1.1 Overview of Suspension System 1.2 Air Suspension 2 Tier 1 Suppliers of Electronically Controlled Suspension 2.1 Continental 2.2 Shanghai Baolong 2.3 KH Automotive Technologies 2.4 Tuopu Group 2.5 AMK 2.6 Vibracoustic 2.7 Suzhou Gates 2.8 KEBODA 2.9 UAES 2.10 Exquisite Automotive Systems 3 Layout of Foreign Passenger Car OEMs in Electronically Controlled Suspension 3.1 Mercedes-Benz 3.2 BMW 3.3 AUDI Suspension System 3.4 GM 3.5 Volvo 3.6 LAND ROVER 3.7 Porsche 3.8 Volkswagen 3.9 Toyota 4 Layout of Chinese Passenger Car OEMs in Electronically Controlled Suspension 4.1 Li Auto 4.2 Great Wall Motor 4.3 BYD 4.4 FAW Hongqi 4.5 NIO 4.6 Dongfeng Voyah 4.7 Geely ZEEKR 4.8 Electronically Controlled Suspensions for Other Models 5 Development Trends of Electronically Controlled Suspension Industry 5.1 Intelligent and Active Suspension Systems Are A Future Trend 5.2 The Automotive Suspension System Industry Chain Has Taken Shape 5.3 Key Chinese and Foreign Tier 1 Suppliers Are Scrambling to Deploy Chinese Air Suspension System Market 5.4 More Than 20 Passenger Car OEMs Have Introduced Air Suspension 5.5 Magic Carpet Suspension Spreads from BBA Luxury Models to Models Priced at RMB300,000+ 5.6 Emerging Automakers Lead Downward Penetration of Air Suspension 5.7 Application of Air Suspension System in Chinese High-end Passenger Cars Accelerates 5.8 Voyah Dreamer Pioneers in Applying Magic Carpet Suspension to Electric MPV 5.9 Magic Carpet System Widens the Application of Binocular Stereo Vision System 5.10 Different Modes of Chinese Mainstream Automakers in Layout of Electronically Controlled Suspension 5.11 Replacement of Foreign Air Suspension Systems with Local Ones Is Under Way 5.12 Chinese Automakers' Requirement for Split of Supply Accelerates Independent Development 5.13 Chinese Passenger Car Air Suspension Market Size, 2022-2025E 5.14 New Technologies and New Applications of Automotive Suspension System
For more information about this report visit https://www.researchandmarkets.com/r/d2z02p
With Tesla China wait times all down to one week amid soaring production, the EV giant is offering a de facto price cut as rival EVs step up.
Electric vehicle (EV) stocks have gotten a lot of attention over the last few years as production has increased and multiple companies have come public, but that doesn't mean all EV stocks are good investments. Companies still have to make money building and selling vehicles, which has historically been the hardest part of the auto business. Given the current trends, I think General Motors (NYSE: GM) is the one EV stock to buy hand over fist, while ChargePoint (NYSE: CHPT) and Canoo (NASDAQ: GOEV) have some serious red flags.
The Boeing Co. will now look to remarket stored 737 MAX jets destined for customers in China as tensions between Beijing and Washington D.C. — as well as the company itself — show no signs of easing. The hunt for new customers comes as China remains the primary holdout in recertification of the MAX, which was grounded for 20 months following deadly crashes in late 2018 and early 2019.
EV stocks have multiplied in Tesla’s wake and as electric cars look to go mainstream. Here are the top-rated electric-vehicle makers.
STORY: Automakers are showing off new electric vehicles in Detroit at North America's largest auto show [Location: Detroit, Michigan]This Dodge Daytona is being billed as the 'first electric muscle car'Chevrolet also displayed electric 'Blazer' and 'Equinox' models [Douglas Houlihan, Executive chief engineer, General Motors]“You get 557 horsepower, 648-pound feet of torque and a ‘WOW’ mode called ‘wide open watts’. That’s where we inject a little bit more current into the inverters and we get 0-60 times in just under 4 seconds. So, great performance on the SS.”Automakers say they'll be ready to go all-electric, one day[Vince Carioti, Director of E-mobility, Phoenix Contact]"There’s development time it takes. We’re such a society that’s instant, you know, go through the drive-thru and get everything instantly. I think it’s just going to take some time to get there.”When U.S. President Joe Biden visited Motor Cityhe announced the approval of $900 million in fundingto build EV charging stations in 35 states[Joe Biden, U.S. President] “You all know I'm a car guy. I'm here because the auto show and the vehicles here give me so many reasons to be optimistic about the future. And I really mean it. Just looking at them and driving them, just gives me a sense of optimism, although I like the speed too.”“Come on, jump in, I’ll give you a ride to Washington. It’s an Uber.”
Only automobile dealerships can sell you a car in many states. Electric-vehicle upstart Rivian wants that to end, and it’s Jim Chen’s job to make that happen. It won’t be easy.
The North American International Auto Show, better known as the Detroit Auto show, typically names a car, truck and utility vehicle of the year. There are a few strong candidates for the award.
Air Canada on Thursday said it would buy electric planes for the first time with the acquisition of 30 battery-powered regional aircraft from Heart Aerospace, as more airlines turn to new technologies to lower emissions and fuel costs. Global airlines are stepping up plans to tackle climate change as they face mounting pressure from regulators and environmental groups over the impact of billions of extra passengers expected to take to the skies in coming decades. Sweden-based Heart's electric-hybrid aircraft under development will have capacity for up to 30 passengers and generate zero emissions when they enter service, which is expected in 2028, Canada's largest carrier said in a release.
Ford is throwing a bone to its traditional Mustang fans, but maybe not for much longer. Ford took the wraps off the latest Mustang, the seventh generation, at the Detroit Auto Show. As of right now the 2024 Mustang will come with two powertrains - a 2.3L EcoBoost 4-cylinder engine, which Ford says has improved fuel efficiency, along with a more powerful 5.0L ‘Coyote’ V8.
PARIS (Reuters) -Dacia, the low-cost brand of French carmaker Renault, plans to stick to thermal engines for as long as it can while the rest of the group bets strongly on going electric, Chief Executive Denis Le Vot told Reuters. While Renault plans to go fully electric in 2030, Dacia will retain the possibility of making the big jump only by 2035, when fossil fuel engines will be banned in Europe, Le Vot said in the interview, adding that would help hedge the group's electric vehicle push.
The Charger King Daytona has an 807-hp version of the Hellcat V-8 and is limited to 300 copies.
The rail stocks' many fans on Wall Street now predict that the wage and work rule improvements in the new contract will help railroads better retain workers.
The roof of a tractor-trailer was sheered off after it struck a footbridge on Memorial Drive in Cambridge.
Even when, or if, autonomous trucks win over a concerned public, an important issue remains to bo solved.
The oldest mass-car maker in the world isn't giving up on the gasoline-powered internal combustion engine just yet: Meet the 2024 Mustang.
Ford Motor Co (NYSE: F) has unveiled its next-generation Mustang sports car in order to appease sports car enthusiasts. The new Mustang has two new engines, a 2.3-liter EcoBoost and the Mustang GT's most powerful 5.0-liter Coyote V8 ever. "Investing in another generation of Mustang is a big statement at a time when many of our competitors are exiting the business of internal combustion vehicles," said CEO Jim Farley. Ford, however, is sticking to its ICE growth plan, adding connected technology,
Long-time visitors to the Detroit auto show will be disappointed. Ford, General Motors, and Stellantis are exhibiting; Toyota has a simple booth. Startups are the main attraction at the reimagined North American International Auto Show (NAIAS).
The best cars and SUVs from the 2022 North American International Auto Show. As tends to be the case in this post-ish-pandemic world of auto shows, the North American International Auto Show was a strange one. It was at least mostly indoors and thus not at the mercy of Mother Nature. And unlike that first Chicago Show following the initial pandemic shutdown, this one was all assembled before the media arrived. Even with a much thinner show floor, the Detroit Auto Show still gave us a number of noteworthy reveals. Now, full disclosure, the rules for our Detroit picks were made a little more flexible, since some of these vehicles were revealed a little before the week of the show. But we still focused on vehicles that were making their show debut, and were actually present on the floor. Sadly, that means we had to leave out the Jeep Recon and Wagoneer S electric SUV concepts. Odds are, those would've made it into our list of the top five if they had actually been on display. Now, on to the winners.
Investors may be paying too much attention to vehicles available to consumers now, rather than what is in the pipeline.
Ford showed its seventh-generation Mustang sports car at the Detroit auto show on Wednesday. The company said the new model will stick with a gas engine, a strategy that contrasts with some of its rivals that are going electric. Photo: Rebecca Cook/Reuters