In 2023, China's production and sales of new energy vehicles remained the world's top for the ninth consecutive year, with sales reaching 9.49 million units, a year-on-year increase of 37 per cent, and the penetration rate of new energy vehicles reaching 34 per cent.
With the continuous increase in the production of new energy vehicles, the demand for lightweight materials and complex components is also growing rapidly, which has brought broad market space and development opportunities to the die-casting industry. Chinese die-casting enterprises are actively addressing this challenge by innovating technology, improving product quality and service levels, and expanding international cooperation to continuously enhance their competitiveness and seize key nodes in the new energy vehicle industry chain.