After more than 30 years of development, GDSY Electronic Materials Technology Group has gradually upgraded from single-panel to double-panel, multilayer and HDI. PCB Products are widely used in automobiles, home appliances, consumer electronics, communications, industrial control, Medical equipment and other fields.
According to Prismark's 2019 global PCB manufacturer ranking, GDSY ranks 38th in the world.
After years of accumulation, GDSY has now supplied Jabil, Flextronics, Pegatron, Yazaki, Hyundai Mobis and other internationally renowned electronic components customers, and has obtained international first-line brand manufacturers Tesla, Panasonic, Mitsubishi, Bosch, Dyson, New We have a wealth of customer resources with certifications such as SIS, Abbott, and Yinxiu.
With the deepening of the company's cooperation with high-quality end automotive customers such as Tesla, Hyundai, and Toyota, the proportion of the automotive business will continue to increase, boosting the company's operating performance.
Tesla's main supplier
GDSY's overseas revenue accounts for nearly 90% of the company, mainly because Tesla is the company's largest end customer. Since 2012, GDSY has deployed new energy vehicle terminal customer Tesla through Jabil. It began small-volume supply in 2015 and volume supply in 2017. In 2019, the indirect supply to Tesla increased by about 50% year-on-year. Tesla has become the company's largest automotive end customer.
According to statistics, in 2019, there were approximately 1.635 million pure electric vehicles sold globally, and Tesla delivered 368,000 vehicles throughout the year, accounting for 22.5% of the world. High cost performance and first-mover advantage support Tesla to occupy the core position in the new energy field. In 2020, a total of about 500,000 vehicles will be delivered.
Automotive PCBs are generally divided into two types: car body and car. The car PCB does not directly affect the running performance of the car, while the car body PCB is usually used in conjunction with mechanical devices to directly affect the performance of the car.
GDSY initially supplied on-board PCBs with auxiliary functions such as on-board entertainment systems and reversing radar. As the cooperation with Tesla deepened, it was able to intervene in the design and production of its products. The number of PCB product layers and technical requirements have gradually increased. The PCB supply of the company has gradually been upgraded from battery control BMS and ECU to motor controller MCU and ADAS radar, driving the company's product added value to increase steadily.
Tesla's main PCB suppliers include TTM, TWJD, TWXX, GDSY, etc. After the production capacity of Tesla's China factory was released and the domestic supply chain was adopted, costs have been significantly improved, and prices have been reduced frequently, and the effect of price-for-volume exchange has been significant.
At this stage, GDSY realized the supply of Tesla`s mass-produced main models ModelS/X/3/Y as early as 2019, and successfully won the bid for Tesla Super Charger (charging station) and Magapack (large-scale energy storage) in 2020. The project is currently undergoing proofing.
In the future, as Tesla's localization rate continues to increase, Chinese PCB suppliers will directly benefit. Due to the long certification cycle of cars, domestic manufacturers GDSY, which has entered Tesla's supply chain, will be the first to benefit, and its supply share will further increase.