On December 23, the "2016 China Transportation Cable Market and Technology Summit Forum" was grandly held in Kunshan, Jiangsu. OMG was invited to participate in the 2016 Transportation Cable Market and Technology Summit Forum.

During the "Twelfth Five-Year Plan" period, with the country's huge investment in industries such as communication terminals, industrial automation, power industry, urban rail transportation, automobile industry and shipbuilding, the global cable production capacity has been continuously transferred to Asia and China. Asia has become the most promising place for the wire and cable industry market, while China will become the fastest-growing and largest-capacity market for the global wire and cable industry. It is estimated that the future growth rate of China's wire and cable market will continue to exceed the global average. Faced with opportunities and challenges, the cable industry can only maintain a sustained, stable and healthy development in my country's cable industry only if it actively changes its development mode and enhances its comprehensive competitiveness.

OMG representatives delivered a speech at the forum on the comparison between the current high-voltage line industry standards and Guangdong local standards.

According to the "Thirteenth Five-Year" National Strategic Emerging Industries Development Plan, the focus of new energy vehicle development has changed from quantity to quality, from the amount of new energy vehicle production to the overall strength of the entire new energy industry. Conductive cables in the new energy automobile industry have an indispensable position in the new energy automobile industry. In the next time, new energy automobile cables will be increasingly concerned by relevant domestic departments. Therefore, the industry standards and local standards of high-voltage lines and even international standards should attract enough attention. After all, the domestic new energy vehicle industry has joined the international competition.