Top Ten New Trends in New Energy in China

In 2019, we advocated New Infrastructure and new energy, and the monograph “New Infrastructure” won the fifth party member training innovation textbook award of the Organization Department of the Central Committee.
In 2021, it was proposed that ‘not investing in new energy now is like not buying a house 20 years ago’.
Looking forward to the future, from the perspective of industrial investment, we believe that “not investing in energy storage, hydrogen energy, and intelligent driving at present is like not investing in new energy five years ago”.
We have ten major judgments on the development trend of the future new energy industry:
1. New energy is ushering in explosive growth and becoming the most promising industry, which can be rated as a unique one. The sales volume of Alternative fuel vehicle will be 3.5 million in 2021 and 6.8 million in 2022, with continuous double growth.
2. New energy vehicles replacing traditional fuel vehicles, Nokia’s time has arrived. The dual carbon strategy brings significant opportunities for wind and solar power to replace the old energy of coal-fired power generation.
3. In 2023, the relatively mature new energy racetracks such as Alternative fuel vehicle and power batteries will be reshuffled, and new energy and new trillion level racetracks such as hydrogen energy and energy storage will seek breakthroughs and move towards the dawn.
4. Be prepared for danger in times of peace. The industry has also started to internalize, engaging in a price war that affects profits and sustained innovation. Entering the stage of intelligent driving, lacking core and soul. The EU, the United States, and other countries have implemented dual countermeasures and trade protection against China, affecting exports.
5. There will be a major reshuffle in the new energy vehicle and battery industries. Car companies face price wars and difficult profits. Overcapacity of power batteries, falling lithium prices, and internal competition in the industry. To survive, enterprises in the Alternative fuel vehicle industry chain must first avoid price reduction, achieve brand value breakthrough, and get out of the profit dilemma, and second, grasp the opportunity of export development.
6. The photovoltaic and wind power industries have shifted from explosive growth to steady growth. The utilization of scenic resources is gradually improving, and overall installed capacity growth is no longer the core issue. Green electricity+energy storage can further open up development space. There is great potential in emerging fields such as distributed photovoltaic and photovoltaic building integration.
7. Hydrogen energy, energy storage, and intelligent driving are new trillion level tracks for new energy. 2023 marks a turning point in the industry, with accelerated marketization and significant opportunities beginning to emerge. For hydrogen energy, the scale of green hydrogen production from Electrolysed water in the upstream has doubled, New Infrastructure construction for hydrogen energy in the midstream has begun, and the power storage of liquid hydrogen and gas hydrogen pipelines has developed. The growth rate of energy storage installation is significant, with the focus on allocation and subsidy policies. Intelligent driving creates more value increment for car companies, entering a critical period of high-level implementation.
8. New energy vehicles, power batteries, and photovoltaic “new three types” have become the main export force. The year-on-year growth of exports in the first quarter was 66.9%, which is an important force supporting exports.
9. New energy breeds new industries, such as the trillion level track upstream and downstream of power battery, and also breeds many new industrial opportunities such as hydrogen energy, energy storage, Carbon emission trading, etc. New energy drives New Infrastructure, including Charging station, power exchange station, hydrogen energy pipeline infrastructure, etc.
10. 2023 is destined to be a turning year, as the new energy industry shifts from policy driven to market driven. China’s new energy enterprises should unite and “unite” to go global. Our new energy industry cannot be obsessed with production capacity and price wars. We need to be skilled in technology, continue to overtake in corners, and export China’s new energy to the world. This kind of output is not only the output of production capacity represented by Alternative fuel vehicle, photovoltaic and batteries, but also the output of Chinese new energy brands, reputation and technology. While helping the world’s low-carbon development, it also realizes the development and expansion of China’s new energy industry chain.


Post time: Jun-14-2023