Automotive FPC Market Demand Is Growing

In October 2021, the State Council issued the "Carbon Peaking Action Plan before 2030", proposing to actively develop "new energy + energy storage", integration of source, network, load and storage, and multi-energy complementarity, and to support the rational allocation of energy storage systems for distributed new energy sources. , to accelerate the demonstration, promotion and application of new energy storage. By 2025, the installed capacity of new energy storage will reach more than 30 million kilowatts; on March 5, 2022, Premier Li Keqiang pointed out in the government work report, "Continue to support the consumption of new energy vehicles, encourage local Carry out green smart home appliances to the countryside and trade in old ones for new ones." On the same day, the State Council Information Office held a press briefing to interpret the relevant situation of the "Government Work Report". Xiang Dong, deputy director of the Research Office of the State Council, said that the sales of new energy vehicles "blowout" last year, and the annual sales reached 3.52 million, an increase of 1.6 times. This year, we will continue to support the consumption of new energy vehicles. According to this, some industry research institutions predict that my country's new energy vehicle sales are expected to exceed 5.5 million in 2022. On April 3, 2022, BYD announced that it will stop the production of fuel vehicles from March 2022. In the future, BYD will focus on pure electric and plug-in hybrid vehicles in the automotive sector. The trend of new energy vehicles replacing fuel vehicles is becoming more and more obvious. With the substantial increase in the global penetration rate of new energy vehicles, power battery shipments will enter the "TWh" era in the next few years.

With the commercialization of 5G technology, the trend of automobile networking is remarkable, and intelligence, electrification, and networking will drive the deepening of automotive electronics. The advantages of FPC in bending, weight reduction, and high degree of automation are further reflected. The amount of FPC in the automotive field continues to increase, and its applications cover power batteries, vehicle lights, central control display, BMS/VCU/MCU and other control systems, and automatic driving assistance systems. and other related fields. According to the Zhanxin PCB Industry Research Institute, the amount of FPC per bicycle will exceed 100.

According to the September 2021 research report of Zheshang Securities, it is estimated that in 2030, the global and domestic new energy vehicle FPC market space is expected to reach 14 billion-24 billion yuan and 7.2-12 billion yuan respectively. In addition, the CCS (Cells Contact System, integrated busbar, wiring harness board integrated components) downstream integrated product of vehicle power FPC, the value of a bicycle is greatly increased by 2-3 times compared with pure FPC. Assuming that the value of a CCS bicycle is about 1000-1500 yuan, it is optimistic to predict In 2030, the global and domestic new energy vehicle CCS market space is expected to reach 35-60 billion yuan and 18-30 billion yuan.