The 2020 Government Work Report clearly states that efforts will be made to strengthen new infrastructure construction, develop next-generation information networks, expand 5G applications, build charging piles, and promote new energy vehicles, thereby stimulating new consumer demand and facilitating industrial upgrading.

As one of the seven strategic emerging industries identified in the national "13th Five-Year Plan," the new energy vehicle industry is not only an effective means to alleviate energy pressure and improve air pollution but also an important pathway to promote regional economic development and upgrade the traditional automotive industry. It is worth noting that "new energy vehicles" have been mentioned in the Government Work Report over the past decade, highlighting its sustained strategic importance.

Previously, the State Council executive meeting decided to extend the new energy vehicle purchase subsidy and exemption from vehicle purchase tax for two years. The continuation of this key policy has injected a strong stimulus into the market and directly boosted the construction of electric vehicle charging infrastructure. By the end of 2019, the number of charging piles nationwide had exceeded 1.2 million, indicating that the entire industry is demonstrating strong momentum as it enters a "fast track" of development.

In the face of this round of policy and market dividends, small and medium-sized connector and cable manufacturers in the industrial chain are presented with both opportunities and challenges. To stand out in an increasingly competitive market, enterprises must actively delve into segmented demands and address technological and process shortcomings. Only by continuously strengthening technological innovation and adhering to product quality can they seize the opportunities of the times during the rapid and steady expansion of the charging network, thereby achieving high-quality development and brand elevation for their own enterprises.