During the "14th Five-Year Plan" period, our country will vigorously develop the automobile industry and promote the development of new energy vehicles and lightweight vehicles. It is expected that in the next five years, the market demand for aluminum castings will grow steadily, and it is also the main replacement material for steel used in automobiles.
Automobile lightweight is imperative, aluminum die casting technology has obvious advantages.
In the case of new energy vehicles, a 10% reduction in body weight can reduce power consumption by 5% and increase mileage by 10%. The significant increase in driving range makes lightweight technology more efficient in the application of new energy vehicles. The amount of aluminum used by a single vehicle is about 206kg, and that of a single vehicle is 292kg, 42% higher than that of a single vehicle. Under the trend of lightweight, the amount of aluminum used in Chinese cars will continue to increase.
The development of new energy sources drives the demand for aluminum die casting.
In the first half of 2022, China's auto production was 12.117 million units, down 3.7% year-on-year; Sales were 12.057 million units, down 6.6 percent year on year. The output of new energy vehicles was 2.661 million, and the sales volume was 2.6 million, increasing 1.2 times year-on-year, and the market share reached 21.6%.
Although the production and sales of new energy vehicles have also been affected by the epidemic in the first half of this year, the market attaches great importance to new energy vehicles. Under the development trend of global new energy in the future, aluminum used in new energy vehicles will show a steady growth trend, and its proportion in aluminum supply will continue to rise.
