Company: XXC
Filing Date: 2025-09-08
Form Type: F-1/A
Source: 0001213900-25-085500
Chunk: 143

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-09-08
Form: F-1/A
Chunk 143
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 of the new energy sector, particularly electric vehicles and renewable energy projects such as wind and solar power, has led to a surge in demand for refined copper, emerging as a new growth driver. According to a report titled “Renewables to Significantly Increase Copper Demand by 2027” released by the International Copper Association (ICA) on internationalcopper.org, global copper demand is increasing, with renewable energy sources such as wind and solar being key contributors to this trend, particularly in Asia. The study, conducted by Navigant Research, predicts increases in solar and wind energy will raise copper demand by 813 thousand tons annually by 2027, a 56% increase on 2018 levels. Although the ICA does not provide a breakdown for individual countries, it predicts China will maintain its leading role for annual installations of wind turbines. China’s switch to renewable energy systems is likely to be a key demand driver going forward. Copper is the best non -preciousmetal conductor of electricity due to the lack of resistance it offers. This property makes it an important component in energy -efficientgenerators and renewable energy systems, with solar and wind energy installations using larger volumes of copper than conventional thermal power generators. Looking ahead, with the continued advancement of these sectors, the consumption outlook for refined copper remains promising. Electric Vehicles According to an article entitled “The Demand for Refined Copper Continues to Grow, and Emerging Fields Drive A Long -TermStrengthening” released on chinasihan.com, a professional industrial planning research service agency, the production and sales scale of new energy vehicles continues to expand, and the penetration rate increases rapidly. From 2016 to 2024, the production and sales of new energy vehicles in China increased from less than one million to more than 10million. The production and sales volume in 2024 hit approximately 11.7million units and 12.9million units respectively, with year -on-yeargrowth rates of 43.69% and 36.08%, respectively. In addition, the proportion of new -energyvehicle sales in total vehicle sales jumped from less than 30% in January 2023 to 41.5% in January 2025. The core components of new energy vehicles, such as batteries, motors, electric controls and charging facilities, all require copper and copper processing products. According to the People’s Daily interview with relevant experts as reported in the article, the amount of copper used in a typical new energy vehicle ranges from approximately 80kg to