New Energy Automotive High Voltage Line Market Trend

According to the data released by the Automotive Industry Association, the production and sales of new energy automobiles in China are 794,000 and 777,000, increasing 53.8% and 53.3% year-on-year respectively, and the market proportion reaches 2.7%, which is 0.9 percentage points higher than the previous year.From January to October 2018, domestic sales of new energy automobiles have reached 879,000 and 860,000, respectively, an increase of 70% and 75.6% over the same period last year.According to the current trend, new energy automobiles will continue to maintain a high growth trend.According to the national plan, the national output of new energy automobiles will reach 2 million by 2020, and the production and sales of new energy automobiles will exceed 5 million.

At the same time, the "Guidelines for the Development of Charging Infrastructure for Electric Vehicles (2015-2020)" promulgated by the State clearly states that more than 120,000 new centralized charging and replacing power stations and more than 4.8 million distributed charging stakes will be added by 2020 to meet the charging demand of 5 million electric vehicles throughout the country. At the same time, the State proposes to increase subsidies for charging infrastructure and to give central capital investment at the beginning of industrial development.Gold is moderately supportive.

Therefore, in less than a few years, new energy automobiles and charging stakes will maintain a high growth trend, as the cable to transfer energy, with the development of new energy automobiles, will also erupt.