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Global new energy vehicle high-voltage wiring harness market was valued at RMB4.69 billion in 2020, 41.4% more than in the previous year, sharing roughly 3% of the entire automotive wiring harness market. In future, the new energy vehicles promoted by governments and automakers will see a rising sales share, which in turn will give a big boost to the high-voltage wiring harness market in the years to come.
As new energy vehicles emerge, automotive wiring harness is also divided into low-voltage and high-voltage types. Conventional fuel-powered vehicles use low-voltage harness while new energy vehicles employ the high-voltage harness.