CINNO: China's investment in new energy industry will exceed 5 trillion yuan in 2022, a year-on-year increase of more than 240%

According to data from CINNO Research's "Monthly Investment Report on China's Five Major Emerging Technology Industries", in April 2022, the total investment in the five major emerging technology industries (including Taiwan), namely semiconductors, optoelectronic displays, circuit boards, consumer electronics and new energy, reached RMB 1.251 trillion.

Among them, the investment amount of new energy projects is as high as RMB 953.8 billion, accounting for about 76.2% ; the investment amount of semiconductor projects is RMB 164.9 billion, accounting for about 13.2 %; the investment amount of optoelectronic display projects is RMB 69.9 billion, accounting for about 13.2% . The new energy industry has become a key investment area of ​​the emerging technology industry.

From the perspective of the flow of funds within the new energy industry:

In April 2022 , investment funds in China's (including Taiwan) new energy industry mainly flowed to wind power and photovoltaics, with an amount of about RMB 456.6 billion, accounting for about 47.9% , a decrease of 2.1% from the previous month ; the total investment in lithium batteries was RMB 287.3 billion, an increase of 209% from the previous month . The total investment in energy storage was RMB 173.9 billion, an increase of 313% from the previous month ; the total investment in hydrogen energy was RMB 27 billion, an increase of 62.7% from the previous month .

In April 2022 , China (including Taiwan)'s photovoltaic investment funds mainly flowed to silicon wafers and silicon rods, with an amount of about RMB 90.3 billion, accounting for about 51.6% . In addition, in April 2022 , China (including Taiwan)'s wind power investment funds mainly flowed to full industry chain projects, with an amount of about RMB 129.8 billion, accounting for about 80.1% .

In April 2022 , China's (including Taiwan) lithium battery investment funds mainly flowed to lithium battery core modules, with an amount of approximately RMB 122.1 billion, accounting for approximately 42.5% . At the same time, from a regional distribution perspective, investment funds are mainly distributed in Hubei, Sichuan and Gansu, with the three regions accounting for approximately 60.5% of the total .

In April 2022 , China's (including Taiwan) energy storage investment funds mainly flowed to pumped storage, with an amount of about RMB 173.9 billion, accounting for about 100% . At the same time, from the perspective of geographical distribution, the investment funds are mainly distributed in Xinjiang, Hubei and Fujian, and the total share of these three regions is about 68.1% .

In April 2022 , BYD Auto was the main investor in the electric vehicle industry in China (including Taiwan), with an amount of approximately RMB 4.46 billion, accounting for approximately 49.1% . At the same time, from a regional distribution perspective, investment funds were mainly distributed in Anhui, Chongqing and Zhejiang, with the three regions accounting for approximately 96.7% of the total .

Just on June 1, the National Development and Reform Commission and other departments issued the "14th Five-Year Plan for Renewable Energy Development". The plan mentioned that the goal is to achieve an annual renewable energy power generation of about 3.3 trillion kWh by 2025. During the "14th Five-Year Plan" period, the increase in renewable energy power generation will account for more than 50% of the increase in total electricity consumption, and wind power and solar power generation will double.

According to statistics from CINNO Research, as of April, the investment in the new energy industry from January to April 2022 has reached 2.3 trillion yuan, which has exceeded the investment for the whole year of 2021. CINNO Research predicts that the investment in the new energy industry in China (including Taiwan) in 2022 will exceed 5 trillion yuan, a year-on-year increase of more than 240%.