In the coming years, low-carbon industry developments will set the economic and business agenda in China and other major economies as climate change becomes more severe in its effects.
The renewable energy and NEV industries will see an accelerated shift in investment activities. Renewable energy and electric mobility are among the most effective tools in the fight against climate change, and more countries are in a joint effort to mature these industries.
Therefore, there will be more room for renewable energy companies to expand their business overseas - especially for Chinese companies as they manufacture renewable energy products way cheaper and in a mass scale due to the economies of scale, government support and experience. Chinese NEV manufacturers also have the same advantage as renewable energy companies in terms of attracting overseas consumers with lower prices.