Is the Demand for Copper High in New Energy Vehicles?

[Daniela]

New energy vehicles require copper for both motors and batteries. Below is a detailed introduction to the copper demand in new energy vehicles: New Energy Vehicle Motors: The usage of new energy vehicles will see a comprehensive increase compared to traditional internal combustion engine vehicles. Their motors internally require extensive use of wiring sets. Currently, the majority of new energy vehicles on the market opt for PMSM (Permanent Magnet Synchronous Motors), which use approximately 0.1kg of copper per kW. Given that most new energy vehicles sold today have a power rating of over 100kW, the copper usage for the motor alone exceeds 10kg. New Energy Vehicle Batteries: In addition, batteries and charging functions require substantial amounts of copper, leading to a significant overall increase in copper usage. According to calculations by IDTechEX analysts, hybrid vehicles use about 40kg of copper per vehicle, plug-in hybrid vehicles use about 60kg, pure electric vehicles use 83kg, and large vehicles such as pure electric buses require 224-369kg of copper.