Analysis of current situation, downstream market demand and trend of precision structural parts manufacturing industry in China

3. The automotive industry

In recent years, with the rapid development of the national economy, driven by the state's strong support for the development of the automobile industry, the improvement of industrial technology level and the prominent effect of the automobile industry cluster, China's automobile production and sales have shown an overall growth trend, and gradually become the world's automobile manufacturing center. In addition, as one of the important development directions of the automobile in the future, China's new energy automobile industry has ushered in explosive growth. According to the data, in 2020, the output of China's new energy vehicle industry will reach 1.366 million, and the sales volume will reach 1.367 million. As of January to September 2021, the national production and sales of new energy vehicles have completed 2.166 million and 2.157 million, respectively, an increase of 1.8 times and 1.9 times year-on-year.

3) Automotive industry development trend

The steady development of the global automobile industry, the strong demand for new energy vehicles and the increase in the penetration rate of aluminum alloy die-cast structural parts and injection molded structural parts have injected impetus for the sustainable development of the precision structural parts industry.

The global new energy vehicle market demand continues to grow, and the industry has a large room for growth

With the deepening of countries' attention to environmental protection, technological progress and energy security, the application of internal combustion engines, which consume a large amount of fossil energy, in the field of highway transportation is gradually being replaced by various power systems using other energy sources, and the new energy automobile industry with electric technology background has ushered in a good opportunity for development, and the global new energy automobile market has witnessed explosive growth. The penetration rate of new energy vehicles in various countries and regions continues to increase.