From January to September 2022, the production and sales of new energy vehicles reached 4.717 million and 4.567 million respectively, with a year-on-year growth of 1.2 times and 1.1 times respectively, and the market share reached 23.5%. With the substantial increase in the production and sales of new energy vehicles, the shipment and installed capacity of power batteries have increased significantly, and the overall market outlook is great.

The difference between new energy vehicles and traditional fuel vehicles in lightweight plastic materials is mainly related to electronic materials, such as connectors, charging interfaces, EV battery peripheral materials, etc. At this stage, when the performance and cost meet the requirements, the new energy vehicle can reduce the weight by about 30% approximately 100KG, by replacing metal with plastic. EV Battery Packs.