According to the Work Plan for Stable Growth in the Automotive Industry (2023-2024) issued by the Ministry of Industry and Information Technology and seven other departments, the development prospects of the automotive industry are very positive. The plan points out that new energy vehicles will receive key support, and it is expected that the sales of new energy vehicles will reach about 9 million units in 2023, a year-on-year increase of about 30%. At the same time, the entire automotive industry strives to achieve annual sales of approximately 27 million vehicles, a year-on-year increase of about 3%. In addition, the plan also stipulates that the added value of the automotive manufacturing industry should increase by about 5% year-on-year.

Under the promotion of this policy, the development of the automotive industry will further enhance the quality and efficiency of industrial development. In this situation, as an important equipment in the automobile production line, the automobile wheel hub conveyor line is expected to usher in spring. The development of automotive hub conveyor lines will benefit from the growth of the entire automotive industry, and with the expansion of the new energy vehicle market, the demand for related automotive components will also increase.