Copper Consumption in New Energy Vehicles H1 2025 [SMM Analysis]

Published: Jul 22, 2025 18:35

Source: SMM

Save

[SMM Analysis:Copper Consumption in New Energy Vehicles H1 2025] On July 16, the China Association of Automobile Manufacturers (CAAM) released data showing:January-June 2025 NEV production reached 6.968 million units, representing a 41.4% year-on-year increase.According to SMM estimates, full-year 2025 NEV production is forecast at 16.29 million units, with second-half production expected to reach 9.32 million units.

》View SMM Copper Prices, Data, and Market Analysis

》Subscribe to View SMM Historical Spot Metal Prices

2025 H1 NEV Production & Copper Usage

On July 16, the China Association of Automobile Manufacturers (CAAM) reported:

Jan-Jun 2025 NEV production: 6.968 million units, up 41.4% YoY.
SMM forecast for full-year 2025: 16.29 million units, with H2 2025 production projected at 9.32 million units.

Breakdown of H1 2025 Production:

Battery Electric Vehicles (BEVs): 4.488 million units
Plug-in Hybrid Electric Vehicles (PHEVs): 2.479 million units

Copper Consumption Trends (2025 H1):

BEV copper intensity: 72 mt/10k units (down from 76 mt/10k units in 2024, driven by tech advancements and cost efficiency).
PHEV copper intensity: 56 mt/10k units (down from 58 mt/10k units in 2024).
Total copper demand:
- BEVs: 322,800 mt (4.488M × 72)
- PHEVs: 138,800 mt (2.479M × 56)
- Total NEV copper demand (H1 2025): 461,600 mt, down 15.6% QoQ but up 36.0% YoY.

2024 Full-Year Comparison

H1 2024 Data:

NEV production: 4.929 million units
- BEVs: 2.988 million units → Copper demand: 227,100 mt (76 mt/10k units)
- PHEVs: 1.941 million units → Copper demand: 112,600 mt (58 mt/10k units)
- Total H1 2024 copper demand: 339,700 mt

H2 2024 Data:

NEV production: 7.954 million units
- BEVs: 4.770 million units → Copper demand: 362,500 mt
- PHEVs: 3.184 million units → Copper demand: 184,700 mt
- Total H2 2024 copper demand: 547,200 mt

Cathode materials

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

22 hours ago

"Premier Li Qiang Leads State Council Meeting on Enhancing Effective Investment, Boosting Economic Growth"

Premier Li Qiang presided over an executive meeting of the State Council to study policy measures for promoting effective investment. The meeting noted that promoting effective investment plays an important role in stabilizing economic growth and strengthening momentum for development. It is necessary to innovate and improve policy measures, and intensify efforts to enhance the efficiency of utilizing funds such as central budget investments, ultra-long-term special treasury bonds, local government special bonds, and new-type policy-based financial instruments. In conjunction with formulating and implementing the 15th Five-Year Plan

22 hours ago

"Guided by Xi Jinping Thought, Implement 20th CPC Congress Spirit, Apply New Development Philosophy...

Guided by Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, we will thoroughly implement the spirit of the 20th National Congress of the Communist Party of China and the plenary sessions of the Party’s 20th Central Committee, fully and faithfully apply the new development philosophy, strengthen top-level design, build computing power interconnection nodes oriented toward national hub periods, major strategic regions, and key industries, establish a system of computing power interconnection nodes, improve the efficiency and service level of public computing power resources, and promote high-quality development of computing power.

22 hours ago

Indirect Iran-US Nuclear Talks in Muscat Show Progress, Omani FM Mediates Tense but Efficient Discussions

After intensive indirect consultations, the new round of nuclear talks between Iran and the US in Muscat, the capital of Oman, has achieved phased progress. It is reported that during this round of talks, the Iranian and US delegations did not meet directly. Instead, Omani Foreign Minister Badr acted as an intermediary, conveying a series of core proposals, strategic concerns, and policy positions to the other side. The atmosphere at the talks was tense yet efficient. According to preliminary on-site assessments, although both sides continue to negotiate over specific terms, they have reached a consensus on the key objective of "continuing dialogue."

22 hours ago