September 29, 2023 /SemiMedia/ -- According to the supply chain, as the global electric vehicle market continues to grow and demand for other electronic devices equipped with batteries rebounds, demand for Battery management system (BMS ) chips is increasing in the second half of 2023.
Since automotive applications have high requirements for battery health, charging efficiency and safety, most of the current suppliers of automotive-grade BMS chips are first-tier manufacturers such as Texas Instruments and NXP. Other second-tier brands such as Nuvoton Technology and Holtek's BMS chips are mainly targeted at consumer electronic devices such as electric bicycles/electric motorcycles, wireless vacuum cleaners, and sweeping robots.
Supply chain insiders say that the entire supply chain has been adjusting inventory due to the market downturn for more than a year. At present, some inventories have reached normal levels, which has revived the demand for BMS chips and will gradually increase in the future.