Among them, high-voltage cables are a high value-added and purely incremental market that will grow rapidly with the development of new energy vehicles. Based on market analysis data.
Local manufacturers of automotive cables are on the rise: Automotive cables are safety parts of automobiles and directly determine the safety performance of automobiles. Therefore, automobile manufacturers are very strict in the selection of automobile cable suppliers, and there are qualification certification barriers in the industry. In addition, because automobile manufacturers have high quality requirements for automobile cables, the industry also has technical and financial barriers.
The automotive cable industry has high entry barriers and makes it difficult for new manufacturers to enter, making the market relatively concentrated. At present, the share of cable factories affiliated to foreign-funded wire harness factories is relatively high in the country. However, in recent years, domestic automobile cable manufacturers have strengthened their R&D technical capabilities, improved production process levels, and good cost control capabilities to bring high cost performance, making domestic automobile cables more cost-effective. Manufacturers are gradually entering the supply chain system of foreign-owned or joint-venture brand vehicle manufacturers, such as Volkswagen Group and Kabeyi. The leading trend is obvious.
As the sales share of independent brands with greater operating pressure increases, the demand for domestic wire harness and cable manufacturers is expected to increase. Against this background, the rapidly expanding market pie is expected to be captured by local companies with lower costs and faster response.
With the continuous popularization and development of energy vehicles, it is believed that the performance of new energy vehicle cables will be further improved, providing users with a better charging experience. You can visit or search for: OMG EV Cable
