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In 2025, China's 'three new' economy generated a value added of 25.79 trillion yuan, up 6.2% year-on-year at current prices, representing 18.39% of gross domestic product. The growth rate exceeded the overall GDP growth by 2.2 percentage points, and the share rose by 0.38 percentage points from the previous year.
India has approved a 1.275 trillion rupee ($13 billion) Semiconductor 2.0 incentive plan, shifting from tentative initial steps to a full ecosystem approach. The plan targets mature-node wafer fabrication, advanced packaging, and chip design, while expanding support to materials, equipment, and talent. Despite 19% annual demand growth, India imports 90-95% of its semiconductors. The funding is smaller than the US, EU, and Japan chip subsidies, and challenges remain in infrastructure and logistics.
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Tianjin Kaixin Energy Storage Equity Investment Partnership has been established with a capital contribution of RMB 5 billion. The partnership is jointly held by Shenzhen Xinneng Industrial Development Technology Co. , Ltd. , a subsidiary of Sunwoda, and Kaixian Capital Management Co. Its business scope includes investment management, asset management services using self-owned funds, and investment activities using self-owned funds.
Volkswagen and PowerCo are in talks with Gotion High-tech over control of a planned 40GWh battery plant in Spain, as Gotion faces a severe cash squeeze. The EUR 3 billion facility, delayed to end-2026, has been visited by Gotion chairman Li Zhen. Gotion sold shares for RMB 829 million in July to raise funds. Its first-quarter net profit plunged nearly 80% to just over RMB 21 million, while investment cash outflow widened 425% to RMB 4.657 billion, leaving a funding gap of approximately RMB 12.2 billion.
LONGi Green Energy Co. , Ltd. and DHL Group have signed a strategic cooperation memorandum of understanding, establishing a long-term deep partnership to advance green energy in logistics. The MOU outlines four core areas: implementing building-integrated photovoltaic (BIPV) applications; jointly developing integrated solar-storage complete solutions for logistics parks; and establishing a mechanism for regular high-level communication.
Affiliates of battery giant CATL, including Xiamen Ruiting Investment, Xiamen Jinrui Investment Partnership, and Xiamen Puquan Private Equity Fund Management Partnership, have jointly established the Xiamen Ruiyuan Times Phase II M&A Equity Investment Fund Partnership. The fund has a capital commitment of about 3 billion yuan and will engage in private equity investment, investment management, asset management, and investment activities using its own capital.
Sungrow Power Supply Co. , Ltd. has set up a wholly owned subsidiary, Sungrow Hydrogen (Suzhou) Technology Co. , with Yang Wei as legal representative. The new company will engage in the sale of gas and liquid separation and purification equipment, manufacture of new energy original equipment, electrical machinery, and station hydrogen refueling and storage facilities, among other activities.
On July 28, Shuangliang Group Co. , Ltd. and Zhejiang Huaxia Smart Energy Group Co. signed a strategic cooperation agreement. The partnership will leverage their respective technical and resource advantages to focus on zero-carbon cities, industrial parks, and buildings. They will explore a "product supply plus investment" model, encompassing contract energy management (EMC) and investment-financing-construction-operation (F+EPC+O) pathways.
BTR, a Chinese battery materials manufacturer, has established a new wholly owned subsidiary, Shenzhen BTR Carbon Energy New Materials Technology Co. , Ltd. , with a registered capital of 30 million RMB. The company, headed by legal representative Chen Long, will focus on the manufacturing and sales of graphite and carbon products, as well as the research and development and promotion of new materials.
Goldwind Technology's wholly-owned subsidiary, Ningbo Tianshuo New Energy Investment, has co-founded Hengfeng Lvneng (Shanghai) New Energy Co. , Ltd. with a registered capital of RMB 100 million. The company will engage in power generation, transmission and distribution, as well as wind, solar and energy storage technology services. The venture is also jointly held by Donggang Haitou Energy Technology.