What is the Demand for Copper in New Energy?

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New energy has a demand for copper in motors and batteries. The following is a detailed introduction to the demand for copper in new energy: New energy vehicle motors: The usage of new energy vehicles will increase comprehensively compared to traditional internal combustion engine vehicles. Their motors require a large amount of wiring internally. Currently, the majority of new energy vehicles on the market choose to use PMSM (Permanent Magnet Synchronous Motors). This type of motor uses approximately 0.1kg of copper per kW. Since the power of commercially available new energy vehicles is generally above 100kW, the copper usage for the motor alone exceeds 10kg. New energy vehicle batteries: In addition, batteries and charging functions require a significant amount of copper, leading to a substantial increase in overall copper usage. According to calculations by IDTechEX analysts, hybrid vehicles use approximately 40kg of copper per vehicle, plug-in vehicles use about 60kg, pure electric vehicles use 83kg, and large vehicles such as pure electric buses require 224-369kg of copper.