On December 22, reports emerged from targeted research indicating that Baowu Magnesium Industry disclosed a significant trend: following the introduction of the new national standard, companies throughout the electric vehicle industry chain—both upstream and downstream—have taken proactive measures. They have started replacing plastic parts with magnesium alloy components. The anticipation is that during the "15th Five-Year Plan" period, there will be a swift surge in the utilization of magnesium within the electric two-wheeled vehicle sector. At present, prominent electric bicycle manufacturers such as Ai Ma, Ya Di, and Niu have already incorporated magnesium alloy into the production of certain model components, including wheel hubs and frames.

From the vantage point of the company's order book, there has been a notable uptick in the adoption of magnesium alloy for two-wheeled electric vehicles. This upward trajectory is propelled by a combination of factors, including the implementation of the new national standard policy, a growing demand for lightweight vehicles, and advancements in technology. As the penetration rate of magnesium alloy applications rises and the range of components expands, the magnesium alloy market is poised for substantial growth in the coming years, offering promising prospects.