New energy vehicle sales will continue to grow rapidly to drive the outbreak of PCB demand

China's new energy vehicle market has resumed its upward trajectory before the epidemic, with delivery volumes of multiple vehicle companies hitting record highs. Among the new forces of car building, Xiaopeng delivered 15295 units in June, a year-on-year increase of 133%; The delivery volume of Nezha Motors in June reached 13157 units, a year-on-year increase of 156%. In addition, the delivery volume of Ideal and Weilai increased by over 60% year-on-year. Among traditional car companies, BYD sold 134036 new energy vehicles in June, a year-on-year increase of 224%; The sales volume of GAC Aian in June was 24109 units, up 182% year-on-year.

In the second half of the year, especially in July and August, many new models will be released or delivered. The sales of new energy vehicles will continue to grow rapidly. The market generally believes that the sales of more than 5.5 million vehicles can be achieved throughout the year. In the context of the increasing penetration of new energy vehicles, the continuous upgrading of ADAS, and the increasingly rich application of intelligent cabins, the use of single vehicle PCBs is increasing. The value of a single car's PCB has also surged from 400 yuan for traditional fuel vehicles to 2000 to 3000 yuan for smart electric vehicles.

Since this year, the automotive PCB market has continued to improve, with many PCB manufacturers increasing their investment and layout in the new energy vehicle market. Driven by the explosion of the new energy vehicle market, combined with the background of reduced costs, the demand for automotive PCB is expected to usher in an explosion. According to industry insiders, "The electrification, intelligence, and networking of new energy vehicles have increased the use of chips, which directly drives the use of PCBs in individual vehicles. The PCB market for new energy vehicles must continue to grow, and it is simply predicted that there will still be a 10% year-on-year growth this year." According to research estimates by Zoos Automotive, driven by the upgrade of ADAS and the increase in penetration of new energy vehicles, By 2026, the global PCB market size of new energy vehicles is expected to reach 12 billion US dollars.