Industry News

NAM vows to meet SiC demands from new energy vehicle industry


NAM vows to meet  SiC demands from new energy vehicle industry


According to forecast, silicon carbide device market will rise from $500 million in 2019 to $2.5 billion in 2025, with a CGAR of 30%, and new energy vehicle industry acts as the main driving force of the industry, with a market size rising from 225 million dollars in 2019 to 1.5 billion dollars in 2025, accounting for 60% of the whole auto mobile market, corresponding to CGAR of 38%. As quick charge demand increased, E-cars gradually transit to the architecture of 800V charge, driving strong demands of silicon carbide products.

In the future, considering factors such as industrial chain value distribution, and customer advantage,  Nextgen Advanced Materials believeS that it will be a quality supplier of silicon carbide products in the upstream of the industry chain due to its advanced production technology, and is expected to stand out from a lot of competitors. 

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