According to the research, global electric vehicle (EV) sales were expected to be about 10.1 million units in 2022, reach nearly 13.7 million units in 2023, and exceed 23 million units in 2025.

Taiwan’s fasteners manufacturers indicated the demand for fasteners will increase because automobile manufacturers launched more and more new energy automobiles.

Also, Taiwan’s fasteners for high-end automobiles are more competitive compared to other countries because the quality is stable and the price is more offendable.