China's automobile industry is developing rapidly, and the China Association of Automobile Manufacturers predicts that the production and sales of automobiles in 2023 are expected to exceed those in 2017 and reach about 29 million units, achieving a record high. The latest statistics released by the China Automobile Association show that from January to September 2023, China's new energy vehicle sales will reach 6.278 million, and industry insiders expect that the annual sales of new energy vehicles are expected to reach 9 million, with a penetration rate of 30%. Based on the improvement of cruising range, the demand for lightweight of new energy vehicles is particularly prominent. Due to its lightweight, high-strength and designable advantages, carbon fiber composite materials are ushering in a good opportunity for application in new energy vehicles, especially high-end models.

As a global provider of high-end carbon fiber composite solutions, Aosheng Technology has provided carbon fiber composite solutions to many new energy vehicle companies in recent years, and we have participated in the lightweight application of almost all domestic mass-produced models, such as:

? The carbon fiber composite cover of BAIC BJ90 is the first mass production application in China;

? The market popularity of T's carbon fiber rear wing exceeded expectations;

? The large-scale application of carbon fiber by Lotus is a precedent;

? Application of carbon fiber structural parts of BYD Yangwang series;

Our carbon fiber aerodynamic kit shines on a number of ZEEKR models unveiled at the Guangzhou Auto Show in November, among which the carbon fiber roof of the ZEEKR 001 FR sets a record for the world's largest carbon fiber roof.

With the localization and development of carbon fiber raw materials and the innovation of molding technology, the production capacity and cost control of carbon fiber products will be closer to the requirements of OEMs. The development of various new products and new processes and the large-scale development of new energy vehicles have achieved each other. For example, the development and application of Aosheng's stretching process and thermoplastic process have the possibility of comparing with other material products in terms of production capacity and product cost.

In short, under the demand for lightweight automobiles, the realization of the dual carbon strategy, consumption upgrading and many other factors, the application of carbon fiber composite materials in automobiles will become more and more extensive. Aosheng Technology will work with upstream and downstream enterprises to contribute to the development of new energy vehicles.