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Lightweight & Eco-friendly Materials Put Forward Higher Vehicle Efficiency

Lightweight & Eco-friendly Materials Put Forward Higher Vehicle Efficiency

In August 2023, China's automobile sales reached 2.582 million units, an increase of 8.2% on monthly base and 8.4% year-on-year. From January to August 2023, the cumulative sales of automobiles reached 18.21 million units, a year-on-year increase of 8%. On September 2nd, the Ministry of Industry and Information Technology proposed that the automotive industry strive to achieve annual sales of about 27 million vehicles, a year-on-year increase of about 3%, including sales of about 9 million new energy vehicles, a year-on-year increase of about 30%. The growth of the automotive market indicates a significant increase in demand for automotive plastics, especially innovative materials and molding processes that meet the lightweight, low-carbon, and environmentally friendly needs of automobiles.

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