With the development of new energy vehicles and smart cars, lightweight cars are bound to be a trend in the future development of automobiles. Lightweight design means that more plastic parts will be used in future auto parts, and the plastic mold market in the automotive field will usher in A new development opportunity.

In the downstream market of molds, the use of molds in the automotive manufacturing industry is large. In addition to injection molds, the main types of molds used include stamping molds, forging molds, and casting molds. It is reported that 95% of the parts in automobile production need to rely on mold forming, and a new car needs about 500 pairs of automobile injection molds.

Development Prospect of Automobile Die

(1) Industrial policy support

In recent years, a series of national industrial policies have built a good policy environment for the development of automobile mold industry. In January 2019, the National Development and Reform Commission and other 10 ministries and commissions issued the ''Implementation Plan for Further Optimizing Supply, Promoting Stable Consumption Growth and Promoting the Formation of a Strong Domestic Market (2019) ''. The plan intends to promote the scrapping and renewal of old cars in an orderly manner and continue to optimize Various measures such as the subsidy structure for new energy vehicles, promoting the upgrading of rural vehicles, and further optimizing local government motor vehicle management measures to promote automobile consumption and better meet residents' travel needs.

(2) the market demand is huge

As a pillar industry of the national economy, the automobile industry plays a promoting and leading role in many sectors of the national economy. According to statistics from the China Association of Automobile Manufacturers, in 2019, China's automobile production was 25.721 million vehicles and sales were 25.769 million vehicles. The production and sales volume remained the world's first for 11 consecutive years. The implementation of building a well-off society in an all-round way in China and the continuous growth of residents' income will play a significant role in promoting the consumption of the automobile industry, and the huge market of the automobile industry provides a strong guarantee for the expansion of the scale of the upstream automobile mold industry.

(3) The speed of car replacement is accelerated.

The introduction of new models in the automobile industry and the acceleration of the upgrading and modification of the original models have become an important feature of the development of China's automobile industry. With the improvement of Chinese consumers' requirements for automobile quality and the diversification of overall demand, China's passenger car market has entered a diversified and personalized stage of development. The acceleration of the replacement of automobile models and the continuous upgrading demand after the new car market have also expanded the development space of the automobile mold industry.

(4) The transfer of global manufacturing industry brings opportunities for China's automobile mold industry.

With the gradual recovery of the global economy, the return of high-end manufacturing in developed countries led by Europe, North America and Japan and the development of manufacturing in developing countries represented by India and Brazil, the demand for molds has gradually increased. Data show that China's total import and export of molds in 2019 was $8.185 billion billion, down 0.48 percent year-on-year. Of this total, imports totaled US $1.939 billion, down 9.37 per cent year-on-year, while exports totaled US $6.246 billion, up 2.64 per cent year-on-year.

(5) The trend of global procurement promotes the rapid development of the domestic industry.

The world's well-known vehicle manufacturers are multinational companies, which have established production bases in major regions of the world to supply the local automobile market. With the rapid development of China's automotive plastic mold industry, the technical level, quality level and reliability have been significantly improved, coupled with China's labor cost advantage, so that China's automotive plastic mold has a high cost performance. More and more automobile manufacturers will list China as one of the important countries in the global procurement of automotive plastic mold, which provides a good opportunity for the development of China's automotive plastic mold industry.

As the global economy gradually recovers from the haze of the epidemic, the demand for molds in the high-end automotive manufacturing industry, mainly in Germany and Japan, will further recover, and the overseas market for plastic molds in China is expected to open further. In addition, with the favorable driving of automobile industry policy, market consumption upgrade and other factors, the development prospect of China's automobile plastic mold market is improving.