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New Energy (Solar, Hydrogen)

新能源

China manufactures over 80% of the world's solar panels and is building a massive green hydrogen production and fuel cell ecosystem.

Hubs

8

cities with this sector

Total Output

¥275B

combined industry output

Companies

1,145

across all hubs

Employment

173K

workers in sector

Key Statistics

Solar panel production share

~85%

2023

Solar installations

217 GW

2023

Hydrogen fuel cell vehicles

18,000+

2024

Global Context

China's solar manufacturing capacity exceeds global demand. The country installed 217 GW of solar in 2023 alone and is scaling green hydrogen pilots.

Policy Drivers

  • Hydrogen Energy Plan (2021-2035)
  • Solar manufacturing overcapacity management
  • Green hydrogen pilot cities

Key Companies

Tongwei

通威股份

600438.SH

World's largest producer of solar-grade polysilicon and a major PV cell manufacturer, also a leading aquaculture company.

Chengdu, Sichuan

LONGi Green Energy

隆基绿能

601012.SH

World's largest monocrystalline silicon wafer and solar module manufacturer, headquartered in Xi'an with global operations.

Xi'an, Shaanxi

Trina Solar

天合光能

688599.SH

One of the world's largest solar panel manufacturers, headquartered in Changzhou with global module shipments exceeding 65 GW.

Changzhou, Jiangsu

NARI Technology

南瑞科技

600406.SH

China's leading smart grid and power automation technology provider, critical to the national power system modernization.

Nanjing, Jiangsu

Wuxi Suntech

无锡尚德

Pioneer of China's solar industry, once the world's largest solar panel maker, now restructured under Shunfeng International.

Wuxi, Jiangsu

Weichai Power

潍柴动力

2338.HK

One of the world's largest diesel and natural gas engine manufacturers, now investing heavily in hydrogen fuel cells and new energy powertrains.

Weifang, Shandong

SinoSynergy

中能国氢

Hydrogen fuel cell stack developer and manufacturer, a core company in Rugao's national hydrogen economy demonstration zone.

Rugao, Jiangsu

Shangshang Cable

江苏上上电缆集团

China's leading insulated wire and cable manufacturer. Produces specialty cables for nuclear power, wind energy, rail transit, and offshore applications.

Liyang, Jiangsu

Huapeng Transformer

江苏华鹏变压器

National top-10 transformer manufacturer with a national-level enterprise technology center. Products serve power grids across China.

Liyang, Jiangsu

Anko Smart Power

安靠智电

300617.SZ

Leader in smart power transmission engineering, developing underground and submarine cable systems and GIL (gas-insulated transmission line) solutions.

Liyang, Jiangsu