From the perspective of market development trends, my country's auto industry still maintains a growth momentum, and the demand for automotive relays is also rising sharply. With the growth of my country's per capita GDP, the ability of residents to purchase cars will be further improved. It is expected that the automobile industry will become one of the pillar industries of the national economy by 2017, and the added value of the automobile industry will account for about 2.5% of GDP.
In 2005, my country's automobile production volume was about 6.3 million, and the required automobile relays were 68.4 million. In 2006, my country's automobile production and sales were 7,279,700 and 7,216,000, respectively, requiring 119.5 million automobile relays. The development of China's auto market in 2007 continued the rapid growth trend in 2006. According to a rough estimate, car sales in 2007 maintained a growth trend of about 18%, and the annual sales volume exceeded 8.5 million. The total number of relays required in the automotive market reached about 137.41 million, an increase of 15% compared with 119.5 million in 2006. By 2008, the total number of relays required in my country's automobile market will reach 150 million, in 2009 it will be 178 million, in 2010 it will be 200 million, in 2011 it will reach 250 million, and in 2012 it will be 300 million. In 2013, it was 327 million, in 2014 it reached 400 million, and in 2015 it will reach 500 million. It is estimated that from 2016 to 2020, the number of automobiles in the world will reach 1 billion, the annual output will be 75 million, and the market demand for automotive relays in the world will exceed 3 billion.