1.1 concept of connector
Connectors are electronic components that transmit and exchange current or optical signals between electronic system equipment.
Automobile connectors are mainly divided into three categories: low-voltage connectors, high-voltage connectors and high-speed connectors.
1.2 increase in the value of electric vehicles
Electric vehicles mainly increase the demand for high-voltage connectors and high-speed connectors, because the three electric systems need the support of high-voltage connectors. As the material cost, shielding and flame retardant requirements of high-voltage connector are higher than those of traditional low-voltage connector, the value of single vehicle connector of new energy vehicle is much higher than that of fuel vehicle.
The value of single vehicle connector for fuel vehicles is about 1000 yuan, the value range of single vehicle connector for pure electric passenger vehicles is 3000-5000 yuan, and the value range of single vehicle connector for pure electric commercial vehicles is 8000-10000 yuan.
1.3 the growth of electric vehicle sales drives the rapid expansion of connector market scale
Zhang Yongwei, vice president and Secretary General of China electric vehicle hundred people’s Association, pointed out that with the proposal of the “double carbon” goal, the electrification of vehicles has been significantly accelerated. It is generally believed in the industry that the new energy penetration rate of Chinese vehicles may reach 25% to 27% or close to 30% by 2025.
The Automobile Association predicts that China’s automobile sales will reach 30 million in 2025. Assuming that the medium Shanxi Guoxin Energy Corporation Limited(600617) vehicle penetration rate will reach 30% in 2025, the compound growth rate from 2021 to 2025 will be 26.31%.
