At the beginning of the New Year, Baosteel received orders of non-oriented silicon steel for new energy vehicles. In January 2022, it doubled year-on-year and hit a record high, further consolidating its global market share.

New energy vehicles with high grades non- oriented silicon steel is the core of the drive motor stator iron core raw materials,Baosteel co., Ltd. is currently the only iron and steel enterprise responsible for and participating in the national scientific research project of non-oriented silicon steel for new energy vehicle drive motor . Baosteel undertakes the research and development and application technology of high grade non-oriented silicon steel materials

silicon steel, bearing no high-grade oriented silicon steel materials research and development and use of technology research mission. 

By the end of 2021, Baosteel has fully realized dual-base coordinated and stable supply of non-oriented silicon steel for new energy vehicles, expanding the market by more than 400,000 tons, and the annual order volume has doubled from 2020.

With the rapid growth of new energy vehicles, Baosteel stock market expansion into the power period. Not long ago, Baosteel and NIO held a signing ceremony for strategic cooperation, and gained another solid ally in the field of new car manufacturing forces.