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New energy enterprises' "going overseas" to Southeast Asia will maintain a growth trend
Published:
2024-06-13
Author:
"In the future, with the continuous growth of global demand for clean energy and the continuous improvement of the competitiveness of China's new energy industry, China's exports of new energy products to Southeast Asia are expected to continue to maintain a growth trend." A report released recently said.
This report, titled "New Energy Enterprises' "Going Overseas" Series: Sailing to Southeast Asia", was released by KPMG China. It points out that on the one hand, internal and external factors drive new energy companies to actively seek "going overseas" opportunities; on the other hand, the Southeast Asian market is strongly attracting Chinese new energy companies, and Vietnam, Indonesia and other countries are expected to become popular destinations for Chinese companies to "go overseas".
Data shows that in 2023, as China's high-tech green transformation products with added value, new energy vehicles, lithium batteries, and solar cells, the "new three" foreign trade exports, will be popular overseas. Another research institution released data saying that from January to March this year, China's battery exports exceeded 100,000, a year-on-year increase of 4.9%.
"The global energy and transportation revolution is entering a deep water zone, and exploring a diversified battery system has become an industry consensus." Teng Fei, chairman of NPP New Energy, said that the valve-regulated lead-acid batteries, new energy lithium batteries and lithium battery cells they developed and produced are widely recognized in Singapore, the Philippines, Malaysia, Indonesia and other countries. In particular, at the "2024 Vietnam-ASEAN Economic Cooperation Forum" held recently, it won the "Top Five ASEAN Brands" award.
According to reports, the forum aims to strengthen economic exchanges and cooperation between Vietnam and other ASEAN countries, while encouraging multinational companies that contribute to the economies of Vietnam and ASEAN.
The above report also reminds that new energy companies face some challenges in "going overseas" to Southeast Asia, such as the policy ambiguity in the energy transformation of Southeast Asian countries, which will potentially affect investors' investment expectations, and technology-based start-ups face "difficult financing".
The report recommends that new energy companies should be familiar with the differences in local policies and regulations when "going overseas", broaden financing channels, and improve supply chain resilience through the dual-wheel drive of supply chain diversification and localization.
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