23/09/2022
Chip price reduction does not mean new energy vehicle price reduction
Recently, according to CCTV financial reports, after experiencing the skyrocketing chip price, the chip market price has gradually fallen recently, and there have been price cuts.
According to Bloomberg, the vast majority of chip companies currently believe that there will be a major turning point in this hot market for a long time to come, and some even pessimistically believe that the semiconductor industry will usher in the worst decline in a decade. Especially in the memory industry, prices have been falling all the way recently, and there is still no sign of easing.
New energy vehicles continue to rise in price
The price increase of new energy vehicles is not entirely due to the chip problem, so the price reduction of chips will not lead to a large-scale price reduction of new energy vehicles, and the recent increase in the price of new energy vehicles because of "raw material prices"? The price has also gone up!
Since 2021, due to a combination of factors such as rising raw material prices and chip shortages, the production cost of new energy vehicles has increased. The "butterfly effect" of car companies' price increases has become more and more intense due to the rising raw material prices. At least 30 mainstream car companies, including Tesla, SAIC-GM-Wuling, and Geometry, have successively adjusted the prices of their new energy models in the past two years.
From March 10th to 17th, 2022, Tesla raised the prices of the two hot-selling models Model 3 and Model Y three times in a week. Among them, the Model 3 high-performance models were released on March 10th and March 15th The daily price increase is 10,000 yuan and 18,000 yuan, and the cumulative increase is 28,000 yuan.
So this is the situation: although the prices of some chips have fallen, but the decline is not large, the prices of chips are still relatively stable, coupled with the strong momentum of new energy vehicles in the past two years, the demand is soaring, car companies will not The short-term price drop of chips will lower the price of new energy vehicles. After all, the price of new energy vehicles is affected by the price of raw materials, as well as the relationship between supply and demand in the end market.
At present, chips with relatively large price drops are mainly concentrated in the field of consumer electronics, while automotive chips are still in short supply, supply inventories are still at historically low levels, and corresponding prices will remain high.
Whether the price of new energy vehicles rises or falls is mainly determined by the current supply and demand in the new energy vehicle market.
Has the chip really dropped in price?
Intel has notified customers that it will increase the price of semiconductor products in the second half of 2022. It is expected to increase the price of a wide range of products such as core servers and computer CPU processors and peripheral chips. The biggest gain could be 10% to 20%.
This shows that the price of consumer electronics chips is only reduced, and the demand for other chips such as MCU and automotive chips is still strong.
An average car needs to use 500 chips, and new energy vehicles carry more chips. Last year, the global car sales were about 81.05 million, which means that the entire automobile industry chain needs 40.5 billion chips.
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