According to statistics from TrendForce on February 21, in 2022, the global sales of new energy vehicles (including pure electric vehicles, plug-in hybrid electric vehicles, and hydrogen fuel cell vehicles) will be approximately 10.65 million units, a year-on-year increase of 63.6%. Among them, 7.89 million pure electric vehicles, an increase of 68.7%; 2.74 million plug-in hybrid electric vehicles (PHEV), an increase of 50.8%. China and Western Europe are the two major markets, with China accounting for 63% of the market and Western Europe at 29%.

The rapid growth of global new energy vehicle production has driven the explosion of demand for BMS products. From 2014 to 2018, the scale of the global BMS market increased year by year. In 2019, due to the sharp decline in subsidies and the decline in the overall growth rate of the new energy vehicle market, the installed capacity of BMS declined for the first time. Due to the decline in the price of BMS products, the market scale also fell to 13.76 One hundred million U.S. dollars. In 2020, as new energy vehicles return to growth, the BMS market will grow accordingly. In 2021, the global automotive battery management system market will reach US$3.341 billion, an increase of 94.36% over the previous year. Especially in China, the BMS (Battery Management System) market is growing rapidly. According to statistics, the scale of China's automotive battery management system (BMS) will reach 10.308 billion yuan in 2021, a year-on-year increase of 138.78%.

The battery management system (BMS) is a management system specifically for lithium batteries in electric vehicles. It intelligently manages and maintains each battery unit. Therefore, a good casing is crucial to the safety, life, and performance of the BMS. From the perspective of the battery management system (BMS) industry application market, the current development of the battery management system industry is mainly focused on the fields of automotive power BMS, energy storage electric energy BMS, and consumer electronics BMS.

Huge market demand and fierce competition make the price of BMS casings in the Chinese market good and the manufacturing technology of the battery management system housing is also improving. BMS casing stamping refers to placing the metal sheet of the BMS casing on a punching machine, and through the pressure of the mold, the metal sheet is plastically deformed to obtain the desired shape and size. The BMS shell stamping process has the advantages of high production efficiency, low production cost, and short production cycle.

The growing demand for new energy vehicles creates new opportunities for companies to expand and improve services, especially in the BMS housing manufacturing industry. In our company, we are committed to providing industry-leading high-quality BMS shell stamping production services. Blustone Tooling provides a series of services from raw material stamping, product polishing, surface treatment, quality inspection, packaging, and transportation. Please contact us here!