NEVs drive demand for aluminium alloy
- May 22, 2018
- Posted by: Simon Wait
- Category: Industry News
The growing use of lightweight materials for the development of new energy vehicles (NEVs) is driving demand for aluminium alloy in China and around the world.
At the last Auto China show alone, leading brands showcased 174 new energy models and it is predicted that by 2020, the number of new energy vehicles in China will reach 2 million. This rapid growth in both production and sales is underpinned by government policies and high market demand.
Aluminium China 2018 in Shanghai will offer a major international platform for the growing range of new lightweight materials and production solutions. In particular, the event will highlight the vital role of aluminium in the future of the new energy automotive industry.
32 new energy auto-related policies were launched in China in 2017 and the policy of tax rebates for consumers who buy new energy vehicles is to be extended for another three years.
Lightweight design, together with electrical drive engineering and smart technologies will define the new energy auto industry in the next ten years. With car plate-based traffic control and compensation policies in place, indigenous auto manufacturers currently account for over 90% of China’s new energy auto market. CPCA (China Passenger Car Association) statistics show that top new energy brands, in terms of sales, in China include BYD, ZD, BAIC New Energy, Chery New Energy, and SAIC Rowe, while bus manufacturers are also joining the new energy wave.
‘A rise in the use of aluminium for new energy automobiles is promoting lightweight design trends and accelerating industry growth,’ said Chris Zang, project manager of Aluminium China. ‘In the future, aluminium will be used increasingly for vehicle bodies, doors, trunks, hoods, bumpers, heat exchange, chassis, power batteries, motor parts and other parts and components.’