The demand for copper in electric vehicles is quite high, and wire companies may be able to provide copper at competitive prices. Financial news.


The demand for electric vehicles (EVs) may lead to sales growth for companies engaged in the cable and wire (C&W) business. A report from Yes Securities states that once the acceptability of electric vehicles improves, demand will increase.


A key component in an EV is the electrical harness. Compared to traditional ICE vehicles, EV requires three times more wiring harnesses from automotive component manufacturers.


"However, vehicles have different requirements for electrical wiring, and developing such processes internally requires significant capital expenditure.


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