New data from the Passenger Car Association show that, from January to April 2026, global new‑energy vehicle penetration exceeded 21.4%. China not only leads with a 61% market share but has also seen its domestic brands’ overseas market share rise by 7 percentage points over the past year. Behind these impressive whole‑vehicle figures, a fierce competition is already underway—centered on new‑energy minerals and transmission technologies.

I. The Global Auto Market’s “Electric Awakening”: Penetration Rate Sevenfold in Five Years

The Passenger Car Market Information Joint Association of the China Automobile Dealers Association (hereinafter referred to as the CPCA) recently released a set of global sales figures:

From January to April 2026, global automobile sales totaled 30.96 million units, with new-energy vehicle sales reaching 6.65 million units. Based on these calculations, the global penetration rate of new energy vehicles has risen to 21.4%—meaning that more than one in every five new cars on the road is a new‑energy model.

If we rewind the timeline to five years ago, that figure was still below 3%. From “only one out of every 30 vehicles” to “one out of every five,” the electrification process has clearly accelerated.

II. China’s Data: Plug-in hybrids account for 70% of the global market, while pure electric vehicles make up 56%

In the global new energy market, China has demonstrated a distinct advantage.

According to data from the China Passenger Car Association, from January to April 2026, Chinese new-energy passenger cars accounted for as much as 61% of the global market share. Breaking it down by technology, pure electric vehicles held a 56% global share, while plug-in hybrid vehicles reached an even higher 71%. In other words, for every 10 plug-in hybrids sold worldwide, more than seven bear a Chinese brand.

Behind this string of figures lies the continuous refinement of plug-in hybrid technology by Chinese automakers such as BYD, Li Auto, Leapmotor, and Geely. From a pragmatic approach that prioritizes both fuel and electric power to combined ranges often exceeding 1,000 kilometers, Chinese brands have steadily cultivated a dual perception among overseas consumers: “technologically on par with Tesla, yet offering superior value compared to traditional luxury giants.”

III. Overseas Growth: Market share increased from 15.8% to 23% over one year.

China’s strategy for new energy is no longer confined to the domestic market.

According to data from the Passenger Car Association, in 2025, Chinese-branded new-energy passenger vehicles accounted for 15.8% of sales in overseas markets; by January–April 2026, this share had risen to 23%. Over roughly one year, the absolute share increased by more than 7 percentage points, reflecting substantial growth.

Two major factors have driven the rapid increase in this overseas market share:

Factor One: The European market has shown a clear recovery. In the first four months of 2026, cumulative sales of new-energy vehicles in countries outside China reached 2.63 million units, up 25% year on year—nearly matching the average growth rate seen during the pre-pandemic period of global expansion. Stabilizing subsidy policies across European nations, rising charging‑station density, and tightening carbon‑emission regulations have collectively fueled a wave of catch-up demand.

Factor Two: Supply Chain Adjustments Amid Shifts in U.S. Policy. Policy volatility in the U.S. market has prompted a reshuffling of supply chains in certain regions, with Chinese domestic brands swiftly gaining ground thanks to their mature electrification technologies and cost advantages. Meanwhile, leading automakers such as SAIC, BYD, and Geely have successively commissioned localized production facilities in Southeast Asia, Latin America, and the Middle East, as their export strategy shifts from “selling complete vehicles” to… “Output Industry Chain” 。

IV. Following the rapid growth of the entire vehicle market, upstream mineral resources have become a new critical factor.

From “testing the waters in export markets” to becoming a global mainstream player, the evolution of China’s independent new‑energy brands has steadily broadened. Yet the success of complete vehicles hinges on the underlying materials—namely, new‑energy batteries.

A single power battery accounts for 30% to 40% of the total cost, with its foundation rooted in upstream minerals such as lithium, cobalt, nickel, and phosphorus. As the global stock of new-energy vehicles continues to grow, competition for these strategic resources has shifted from behind the scenes to center stage.

For this very reason, your company has long been strategically positioned in the new‑energy and mineral‑resource sectors, steadily deepening its expertise across upstream materials such as lithium iron phosphate, lithium cobalt oxide, lithium manganese oxide, and lithium nickel oxide. Mineral extraction and ore beneficiation rely on robust, corrosion‑resistant material‑handling systems—precisely where ultra‑high‑molecular‑weight polyethylene (UHMWPE) pipelines deliver their core value.

V. Ultra-High Molecular Weight Polyethylene Pipes: An Essential Component in Phosphate Ore Transportation

In the phosphate mining industry chains of Guizhou, Qinghai, and other regions, your company… Ultra-high-molecular-weight polyethylene pipe Has already assumed a key role:

Wear-resistant and corrosion-resistant Phosphate ore slurry contains a large amount of solid particles and chemical media; conventional pipelines are prone to wear and corrosion. In contrast, ultra-high-molecular-weight polyethylene (UHMWPE) pipes exhibit a low coefficient of friction, excellent impact resistance, and a service life that exceeds that of traditional steel pipes.

Higher conveying efficiency : The inner wall is smooth and resistant to scale buildup, resulting in low slurry flow resistance, which reduces pumping energy consumption and ensures stable, round-the-clock operation of the mineral processing plant.

Lightweight and easy to install It weighs only one-eighth as much as a steel pipe, helping to reduce construction challenges in complex terrains such as plateaus and mountainous regions.

It can be said that behind every reliably operating phosphate‑ore conveying line and every ton of high‑quality phosphate ore produced lies the support of ultra‑high‑molecular‑weight polyethylene pipelines. This “invisible yet indispensable” infrastructure‑grade product provides a solid guarantee for the upstream supply of raw materials to the new‑energy battery industry.

VI. Outlook: As new energy continues to develop, upstream transmission technologies will become increasingly critical.

Looking ahead, the global penetration rate of new energy is on a clear trajectory, moving from 21.4% to 30%, 40%, and even higher. As lithium iron phosphate batteries continue to gain market share in both energy storage and power‑train applications, demand for phosphate rock will further expand; meanwhile, alternative technologies such as high‑nickel ternary cathodes and lithium cobalt oxide also rely on stable mineral supply chains.

It is foreseeable that the application scope of ultra‑high‑molecular‑weight polyethylene (UHMWPE) pipelines in the upstream segments of the new‑energy sector will expand at an accelerated pace—covering not only phosphate ore but also lithium, cobalt, graphite, and other types of slurry transportation. These applications span from mineral processing to tailings management, and from hydrometallurgical operations to the transfer of chemical feedstocks.

Leveraging our first-mover advantage and robust product capabilities, we have secured a pivotal position in the upstream segments of the new‑energy industry chain. While the industry focuses on the numerical growth of vehicle sales and market penetration, the companies that provide the “blood vessels” and “musculoskeletal framework” for the new‑energy sector are quietly shaping the competitive landscape of the next decade.