In 2023, BYD’s total sales of new energy vehicles reached 3.0244 million units, a year-on-year increase of 62.3%. BYD exceeded its initial target of 3 million units for the year, showing a rapid growth trend. Not only did it win the annual sales champion in China, but it also became the global sales leader in new energy vehicles, establishing itself as the world’s largest electric vehicle manufacturer.

2023 can be described as a year of explosive growth for new energy vehicles in China and even globally, and also a year of tremendous changes in both upstream and downstream industry chains. As the most numerous component in vehicle assembly and integration, fasteners have been profoundly impacted by the new energy wave.

Today, with the momentum of new energy vehicles, fasteners, as a necessary supporting component, are also riding the “fast train” of development, indicating infinite possibilities for the future of fasteners in China.

Features of new energy vehicle fasteners:

• High durability, resistant to loosening and vibration;
• Resistant to varying temperatures, fire-resistant, available in low smoke or high-temperature types;
• High sealing performance;
• Simple installation and removal processes, addressing issues such as gap diameter, flexible radial installation, tolerance compensation, and load capacity;
• Quick assembly, reduced material usage, optimized logistics, suitable for automatic assembly lines;
• Intelligent and patented.