With The Rise Of New Energy, Many Wire Harness Processing Companies Are Taking Advantage Of The ICH2024 Shenzhen Exhibition To Show Their Talents.

1. The explosion of new energy vehicles has ushered in a blue ocean worth hundreds of billions in the wiring harness market.

• Global sales surge: Global electric vehicle sales will reach 14 million units (+35%) in 2023, accounting for 18%; it is expected to reach 17 million units in 2024, accounting for 20%.
• China market leader: China's new energy vehicle production and sales will exceed 9.5 million units in 2023; in the first quarter of 2024, production and sales will exceed 2.1 million units, a year-on-year increase of over 28%, with a market share of 31.1%.
• Wire harness value doubled: The wiring harness of a fuel vehicle is worth about 2,000 yuan per bicycle, and that of a new energy vehicle is as high as 5,000 yuan.
• Market size forecast: China’s automotive wiring harness market will be worth about 105 billion yuan in 2025, of which the high-voltage wiring harness increase will exceed 35 billion yuan; the global market is expected to reach US$57.4 billion in 2026.

2. Driven by technological innovation, high-voltage wire harnesses become the core of competition

• Product structure upgrade: Simultaneous development of low-voltage, high-voltage, and Ethernet wiring harnesses,High voltage wiring harnessIt is the core increment of new energy vehicles.
• Processing technology iteration: Popularization of intelligent and automated equipment,Ultrasonic high voltage wire harness weldingTechnology faces higher precision and stability requirements, which has become a technical barrier for enterprises.
• Quality and safety are king: The quality of wire harness welding is directly related to automobile safety, and intelligent production lines have become a trend.

3. ICH2024 Shenzhen Exhibition: Industry Flagship, Gathering Empowerment

• Exhibition overview: The 14th Shenzhen International Connector, Cable Harness and Processing Equipment Exhibition (ICH2024)
  • time: August 28-30, 2024
  • location：Shenzhen International Convention and Exhibition Center
  • scale: 40,000㎡ exhibition area, 700+ companies, estimated 50,000+ professional visitors
    
• Gathering of big names: Gathering Bozhiwang, Xinminghe, Yingang, Fudi Power, Basba, etc.Hundreds of industry leaders。
• Technology feast: The International New Energy Connector Wire Harness Processing Technology Summit will be held at the same time; Jiaocheng Ultrasonic, Haimingsheng and other companies will displayUltrasonic weldingCutting edge technology.

  

4. Conclusion