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Collaboration is important because China\u2019s central role in the energy transition can\u2019t be over-estimated. Its industrial might is enabling cost reductions in the supply chain for renewable energy globally, and it is now the world\u2019s largest exporter of renewable energy infrastructure, responsible for 90% of the global photovoltaic cell supply and 50% of wind turbines. This pole position has been achieved through a number of factors, one of which is huge investment. China was responsible for nearly half of global clean energy investment in 2022, investing US$ 546 billion. The EU, as the second largest spender on clean energy, invested US$ 180 billion, less than a third of China\u2019s total.<\/p>\n
And it\u2019s not just the scale of China\u2019s proposition \u2013 it\u2019s also the innovation seen in sectors such as energy storage, and most evidently in NEVs<\/a>, where Chinese brands are now world-leading.<\/p>\n