Foreign investment project planning for energy storage equipment manufacturing

How will China promote the new-type energy storage manufacturing sector?

BEIJING, Feb. 17 -- Chinese authorities unveiled several measures on Monday to promote the new-type energy storage manufacturing sector, as part of efforts to accelerate the development of emerging industries and the country's modern industrial system.

What is the new-type energy storage manufacturing industry?

According to an action plan jointly issued by the Ministry of Industry and Information Technology and seven other government organs, the new-type energy storage manufacturing industry refers to the sector that produces energy storage, information processing, safety control, and other products related to new energy storage methods.

How can China improve international cooperation in the energy storage sector?

To beef up international cooperation in the new-type energy storage sector, China will work to incorporate collaboration in the field into international cooperation mechanisms and frameworks such as the Belt and Road Initiative and BRICS and promote mutually beneficial cooperation on industrial and supply chains.

Where are energy storage projects located in 2022?

According to public data5, only 2% of new energy storage projects that were put into operation in 2022 were located in Southeast Asia. The major energy storage markets in the region include Malaysia, Singapore, Vietnam, the Philippines, and Indonesia.

Should Chinese new energy enterprises invest in Greenfield investment?

In the long run, greenfield investment may become the primary focus for Chinese new energy enterprises looking for expansion in Southeast Asia. M&A in the new energy field is sluggish, but still plays an important role in promoting market development and resource integration.

Is new energy construction a good investment in Southeast Asia?

New energy construction in Southeast Asia will attract considerable investment from both home and abroad. According to the ASEAN Centre for Energy, the average annual energy investment in the region may exceed USD100 billion by 2030, with as much as 79% of investments being allocated to clean energy (see Figure 2).