Invest 90 million yuan! Xinyuan New Materials' automotive-grade sintered silver project has started production expansion!

According to the statistical data of the China Association of Automobile Manufacturers, the domestic sales volume of China's electric vehicle market was approximately 8.3 million units in 2023. It is expected to exceed the 10 million-unit mark in 2024 and will grow at a rate of over 10 percent year by year.

The chip sintered silver paste produced by Xinyuan New Materials has a very high cost-performance ratio while meeting long-term reliability requirements. The large-area system sintered silver paste and copper wire bonding copper sheets have a leading edge in terms of technology and market share with a generational gap, and are widely used in the main drives of electric vehicles equipped with SiC power modules. At present, Xinyuan has cooperated with many well-known enterprises at home and abroad, and the cumulative number of mass-produced vehicle models launched into the market has exceeded 400,000. In 2024, for enterprises related to China's automobile industry chain, facing an increasingly competitive market, survival has become a mainstream topic in the industry. The number of vehicles equipped with power modules using sintered silver technology is increasing day by day. However, the price of sintered silver has always been relatively high, which has become a pain point in terminal market promotion.

As one of the few suppliers in the world that truly applies sintered silver products to vehicles, Xinyuan New Materials will carry out a comprehensive expansion of production. This investment is approximately 90 million yuan, including investment in production lines and capacity upgrades. The new project will be put into use by the end of 2025. The production capacity can meet the demand of 30 million vehicles per year, and the prices of sintered silver paste and copper wire bonding copper sheets are expected to be reduced by 50 to 80 percent.

Xinyuan New Materials has always adhered to the business philosophy of continuous innovation and the courage to be the first. It insists on innovation in solutions, helps customers reduce costs and increase efficiency through the iteration of new technical solutions, and has launched a series of original product solutions with market competitiveness. As a leading enterprise in the relatively traditional sintered silver materials, with the mission of building a national thermal interface material brand, it provides customers with products with lower prices and better performance, and makes its due contributions to promoting the development of China's automobile industry chain.