New energy automotive industry
The new energy automotive industry primarily uses alloy wire, bronze bars, and bronze strips. Thanks to China's electric vehicle charging station planning, government subsidies, and the rapid growth of new energy vehicle applications, the electric vehicle charging infrastructure industry in China is facing significant development opportunities. New energy vehicles have a higher degree of electrification, leading to greater demand for connectors and wire harness products compared to traditional vehicles. For example, transformers are critical components in electric vehicle charging stations. The growth in sales of new energy vehicles not only increases the amount of copper used per vehicle but also drives the construction of other essential infrastructure. Therefore, in the next five years, the new energy vehicle sector will become an important driver of copper consumption, creating significant market demand for copper strips.
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