Driving Innovation: Direct Imaging vs. Conventional Exposure
It’s Only Common Sense: Selling to Today's Generation of Buyers
Dan’s Biz Bookshelf: ‘Believe in Better'
China’s Supply Chain Reshaping the Global Traction Inverter Industry, Huawei Ranks among Top Five Suppliers
March 4, 2025 | TrendForceEstimated reading time: 1 minute
TrendForce’s latest report reveals that global EV traction inverter installations reached 8.67 million units in 4Q24, marking a 26% QoQ increase. Strong demand from China and Europe served as the primary growth driver, leading to a 28% increase in installations for both BEVs and PHEVs compared to the previous quarter. This surge propelled Huawei into the top five global traction inverter suppliers for the first time.
In 2024, global traction inverter shipments totaled 27.21 million units. SiC inverters saw higher adoption thanks to Tesla and Chinese automakers, reaching a 16% penetration rate in Q4 – the highest of the year. This trend signals growth for the highly competitive power semiconductor industry.
However, geopolitical tensions remain a challenge. Before leaving office, the Biden administration launched a six-month investigation into China’s SiC industry, a move expected to continue under the Trump administration. This investigation will likely become a strategic tool for shaping future U.S.-China relations.
BYD surpassed Japan’s Denso in 3Q24 to become the global market leader, maintaining its top position in Q4. The biggest highlight of the quarter was Huawei’s entry into the global top five, driven by the strong sales of its AITO EV series. With three of the top five suppliers now being Chinese companies, the market is seeing a significant shift away from the traditional dominance of European, American, and Japanese suppliers.
TrendForce forecasts that China and Europe will continue to lead growth in the traction inverter market in the short term. BEVs, in particular, have a higher demand for traction inverters than other powertrain types, further reinforcing China’s crucial role in the market.
While policy risks remain – including the potential shift toward oil over electrification in the U.S. – China’s EV market is expected to maintain momentum. Government incentives for vehicle replacement programs and expansion into overseas market are projected to support a 14% annual growth rate in global traction inverter shipments in 2025.
Share on:
Suggested Items
The Global Electronics Association Launches Industry Leading Circularity Resource Hub, Fast-Tracking Cost-Reducing, Efficient Solutions for Manufacturers
07/01/2025 | Global Electronics AssociationToday, the Global Electronics Association – the voice of the electronics industry – launched its Circularity Resource Hub. The Hub provides a centralized home for the latest industry standards, best practices, and resources to accelerate electronics’ sustainable and circular evolution.
EU Defence Electronics Ecosystem Highlighted in Brussels
07/01/2025 | I-Connect007 Editorial TeamIn this interview, Alison James, senior director of Global Electronics Association—Europe (formerly IPC), discusses the European Defence & Security Summit in Brussels, June 9–13, as well as the first IPC–ASD Europe Defense Electronics Summit, June 10th, which brought together 70 leaders from across the electronics manufacturing supply chain. ASD is the Aerospace, Security and Defence Industries Association of Europe, and co-hosted both the larger and smaller events.
Toni Patzner Becomes Global Head of Supply Chain Management at ASMPT SMT Solutions
07/01/2025 | ASMPTOn June 1, 2025, Toni Patzner assumed the position of Global Head of Supply Chain Management. The experienced manager succeeded Jörg Cwojdzinski, who retired after decades of service.
TT Electronics Achieves ISO 13485 Medical Certification at Mexicali EMS Facility
06/27/2025 | TT ElectronicsThis milestone underscores TT Electronics’ commitment to delivering high-quality, compliant, and reliable manufacturing solutions to its global customers in healthcare and life sciences.
I-Connect007 Editor’s Choice: Five Must-Reads for the Week
06/27/2025 | Nolan Johnson, I-Connect007While news outside our industry keeps our attention occupied, the big news inside the industry is the rechristening of IPC as the Global Electronics Association. My must-reads begins with Marcy LaRont’s exclusive and informative interview with Dr. John Mitchell, president and CEO of the Global Electronics Association. For designers, have we finally reached the point in time where autorouters will fulfill their potential?