The US 301 tariff has caused a sharp drop of 40% in export orders for silicone rubber for automotive seals, and domestic manufacturers have set up factories in Vietnam. Tesla's new Cybertruck wiper strip orders have been transferred to Thai suppliers, but local company Huitian New Materials has taken advantage of the opportunity to develop the photovoltaic module sealing market. Its weather-resistant silicone rubber products have a market share of 65% in desert power station scenarios. It is worth noting that the AI-driven flexible robot boom has driven the demand for food-grade silicone rubber. Domestic companies are rushing to seize the track of medical rehabilitation robot joint materials. The number of related patent applications in the first half of 2023 increased by 210% year-on-year.
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