Aluminum Demand to Grow Significantly on Booming New Energy Vehicle Sector in China-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Zinc
  • hydrogenation stations
  • Production data
  • Futures movement
  • Aluminium
  • nickel laterite
  • Nickel
  • Market commentary
  • Macroeconomics
  • In the United States
  • Copper
  • Nickel ore
  • Spot copper

Aluminum Demand to Grow Significantly on Booming New Energy Vehicle Sector in China

Industry News 12:21:54PM Aug 13, 2015 Source:SMM

SHANGHAI, Aug. 13 (SMM) – Aluminum alloy has become a top-of-choice material for new energy vehicle manufacturers due to its lightness, china.com.cn reported.  

New energy vehicles are typically heavier than traditional vehicles because of heavy batteries. Fortunately, auto body made of aluminum alloy could satisfy new energy vehicles’ pressing need to reduce car weight. 

Traditional carmakers in China are struggling in price war triggered by poor sales, while new energy vehicle manufacturers are big winners in the market.      

China’s production and sales of new energy vehicles were 27,200 units and 26,500 units, respectively, in Q1, up 290% and 280% from a year ago, according to the China Association of Automobile Manufacturers (CAAM). 

The country’s sales of new energy vehicles are poised to double to 150,000-200,000 units in 2015, Dong Yang, Deputy General of the CAAM predicted. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.

  


Aluminum Demand to Grow Significantly on Booming New Energy Vehicle Sector in China

Industry News 12:21:54PM Aug 13, 2015 Source:SMM

SHANGHAI, Aug. 13 (SMM) – Aluminum alloy has become a top-of-choice material for new energy vehicle manufacturers due to its lightness, china.com.cn reported.  

New energy vehicles are typically heavier than traditional vehicles because of heavy batteries. Fortunately, auto body made of aluminum alloy could satisfy new energy vehicles’ pressing need to reduce car weight. 

Traditional carmakers in China are struggling in price war triggered by poor sales, while new energy vehicle manufacturers are big winners in the market.      

China’s production and sales of new energy vehicles were 27,200 units and 26,500 units, respectively, in Q1, up 290% and 280% from a year ago, according to the China Association of Automobile Manufacturers (CAAM). 

The country’s sales of new energy vehicles are poised to double to 150,000-200,000 units in 2015, Dong Yang, Deputy General of the CAAM predicted. 

The article is edited by SMM and is provided for information purpose only. SMM assumes no liability and does not warrant the accuracy, reliability or completeness of information contained or quoted in the article, either express or implied. SMM further disclaims any liability for losses in connection with the information contained or quoted in the article.

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.