Chan Ye Xin Xi Wang·2026-02-02 01:03Core Insights - The electric vehicle connector industry is crucial for the safe and stable operation of electric vehicle electrical systems, acting as the "blood vessels" and "nerve hubs" of the vehicle [1][2] - The industry is experiencing strong growth driven by national policies, continuous leadership in global electric vehicle production and sales, and a complete and competitive supply chain [1][9] - The market for electric vehicle connectors is expected to reach 39.296 billion yuan by 2025, with a compound annual growth rate of 19.16% from 2020 to 2024 [1][12] Industry Overview - Electric vehicle connectors facilitate energy transmission and signal exchange between electric vehicle components and external charging facilities [2][4] - The industry is supported by various national policies aimed at promoting the development of the electric vehicle sector, including the "New Energy Vehicle Industry Development Plan (2021-2035)" [7][9] Market Dynamics - The electric vehicle connector market is projected to grow significantly, with the market size increasing from 23.708 billion yuan in 2020 to 47.8 billion yuan in 2024 [11][12] - The rapid growth of the electric vehicle market, with production and sales expected to reach 16.626 million and 16.49 million units respectively by 2025, is a key driver for the connector industry [9][10] Industry Chain - The electric vehicle connector industry has a complete and collaborative supply chain, with upstream materials, midstream manufacturing, and downstream applications in vehicle production and charging infrastructure [10][11] Development Trends - The industry is expected to evolve along three main lines: technological iteration towards high voltage and intelligent integration, deepening of domestic substitution and supply chain collaboration, and global market expansion with innovative application scenarios [13][14][15] - The integration of smart features into connectors, such as state monitoring capabilities, is a significant trend driven by the convergence of electrification and intelligence [13] - The market is shifting towards a business model that combines product offerings with data services, enhancing value through predictive maintenance and other services [15]