Company: XXC
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052817
Chunk: 137

Company: XINXU COPPER INDUSTRY TECHNOLOGY Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 137
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 2027 from 2018 levels, according to a research by the International Copper Association (the “ICA”) cited by the CME Group Article. 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. Electric Vehicles According to an article entitled “The demand for refined copper continues to grow, and emerging fields drive a long -termstrengthening” on chinasihan.com, 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 11.7120million units and 12.8576million 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. With the introduction of the “Two New” policies, the continuation of the policy relay in 2025 is expected to continue to promote the new energy vehicle market. 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, the amount of copper used in an ordinary new energy vehicle is basically 80kg to 120kg. Due to the variety of models (electric, hybrid, etc.), the average amount of new energy vehicles is used to estimate the approximate amount of new energy vehicles. We assume that the consumption of each ordinary new energy vehicle is 100kg. Based on the sales data of new energy vehicles, it is calculated that the copper consumption of new energy vehicles from 2016 to 2024 would increase from 54,500 tons in 2016 to 1.171,200 tons in 2024. From the perspective of market driving force, the driving force of the development of the new energy vehicle industry is gradually shifting from “policy -led” to “market -led” and “user -led.” The demand of the new energy vehicle market has begun to be released in large quantities, and the demand for copper is expected to further increase in future. 78 OUR BUSINESS Overview Xinxu is a holding company incorporated