Driven by the global energy transition and "dual carbon" goals, the new energy industry chain continues to maintain strong momentum. Our investment research team has conducted an in-depth analysis of investment opportunities across all segments of the new energy value chain.
Photovoltaic Industry
After a painful period of oversupply, the photovoltaic industry has seen a significant rise in concentration. Leading companies, leveraging their technological advantages and economies of scale, have achieved sustained improvements in profitability. N-type cell technology is rapidly replacing P-type cells, making TOPCon and HJT routes key investment hotspots.
Energy Storage Industry
Energy storage is a critical enabler of new energy development with vast market potential. As lithium battery costs continue to decline and storage technologies mature, the economics of large-scale storage projects have improved significantly. Domestic energy storage installations are projected to grow by more than 60% year-over-year in 2026.
Hydrogen Energy Industry
Hydrogen energy, a key component of clean energy, is in its early industrialization stage. Breakthroughs in green hydrogen production technologies are accelerating the construction of hydrogen fueling stations and expanding the application of hydrogen fuel cell commercial vehicles.
Investment advice
Investors are advised to focus on the following areas:
- Leading industry player in BIPV, with cutting-edge technology and clear cost advantages
- Energy storage system integrator, benefiting from rapid market growth
- Core hydrogen energy equipment supplier positioned at a key stage of industrialization
- Upstream material suppliers in the new energy vehicle supply chain
Risk Warning
Invest in the new energy sector with caution: watch for overcapacity, shifting technology roadmaps, subsidy phase-outs, and trade friction. Diversify your portfolio and limit exposure to any single niche.
