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新能源汽车行业电驱动行业系列专题（一）：聚焦3000亿市场，技术迭代推动降本增效-20230308-中信证券

市场空间&行业格局：预计2025年超3000亿大市场，三类玩家参与电驱动赛道竞争，自供外供并存  预计2025年电驱动全球市场空间超3000亿元，2022-2025年CAGR30%  竞争格局：整车厂、海外汽车零部件传统供应商以及电驱动三方供应商发展趋势1：掘金技术升级，关注新构建&新工艺电机向扁线化、油冷化、高速化升级  高精度+轻量化，“易四方”带动轮毂&轮边电机关注度提升  发展

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