China’s New Energy Vehicle Sales
At present, the production and sales of new energy vehicles in China are 2.661 million and 2.6 million respectively. The China Automobile Association estimates that the annual sales volume is expected to reach 5.5 million, a year-on-year increase of more than 56%. Printed circuit boards (PCB) are important electronic components, and the automotive PCB market has ushered in continuous expansion opportunities.
Since 2022, the cost of automotive electronics in the total vehicle has continued to grow and is still rising. The proportion of automotive electronics in new energy vehicles has reached 65%, which is significantly higher than that of fuel vehicles.
Media Studies
The continuous improvement of automotive electronic applications will drive the growth of demand for its basic component, PCB. Drive the market to continue to grow. 5G accelerates the penetration of the Internet of Vehicles, further opening up the growth space of automotive PCBs.
According to media reports, around 2025, the global automotive PCB output value will exceed 100 billion yuan. At present, the price of copper and epoxy resin has declined, and PCB will usher in better development.
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