Company: XXC
Filing Date: 2025-08-05
Form Type: F-1/A
Source: 0001213900-25-071711
Chunk: 146

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-08-05
Form: F-1/A
Chunk 146
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 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 11.7 million units and 12.9 million 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 120kg, depending on the model type (e.g., battery electric vehicles, hybrid electric vehicles). Using an estimated average of 100 kg of copper per new energy vehicle, copper consumption by the new energy vehicle sector is calculated to have increased from 54,500 tons in 2016 to approximately 1.17million tons in 2024, based on annual new energy vehicles’ sales data. From a market dynamics perspective, the driving force behind the growth of the new energy vehicle industry is shifting from being primarily policy -drivento increasingly market -drivenand user -driven. As market demand for new energy vehicles continues to accelerate, copper consumption in this sector is expected to grow further. 86 OUR BUSINESS Overview Xinxu is a holding company incorporated on September11, 2017 as an exempted company under the laws of the Cayman Islands. As a holding company with no material operations of its own, Xinxu conducts substantially all of its operations through its operating subsidiaries established in China, primarily Anhui Xinxu. We, through Anhui Xinxu, are primarily engaged in the R&D, fabricating and processing, and sales and distribution of copper and copper alloy products. Our products include, but are not limited to, T2 red copper bars, T2 tin -platedcopper bars, T