The future trend of automotive connectors, currently the global automotive connectors account for about 15% of the connector industry, and it is expected to occupy a larger proportion in the future driven by automotive electronic products. In terms of product cost structure, the average cost of connectors used in each car in China is only a few hundred yuan, and the cost of connectors per car in foreign countries is about $125 to $150. great development potential. There will be 600-1,000 electrical connectors per car in the future, far greater than the number used today.

China is expected to become an important production base for global automotive connectors in the future. In addition to the existing first-line well-known international manufacturers, other manufacturers that have not yet set up factories in China will gradually establish production bases in China to supply local auto parts manufacturers due to factors such as increasing local demand, localized procurement, and cost advantages. need. Therefore, in the future, China's automotive connector industry will be a very competitive market between foreign companies and local Chinese companies!