China's Growth Opportunities and Offshore Investing
Carbon Neutrality: Opportunities from new
energy and Old China
Electric Vehicle:
China has one of the most comprehensive
supply chain
China NEV sales forecast
Solar:
China taking global market share
across the industry
China production as % of global
2019 2020
4.5
4.0
3.5
3.0
25
2.0
1.5
1.0
NEV PV (LHS, million units)
NEV Penetration (RHS, %)
100.0%
45%
10000
90.0%
9000
40%
80.0%
8000
-35%
70.0%
7000
-30%
60.0%
6000
- 25%
50.0%
5000
4000
3000
2000
1000
D
Starpower
Stock highlights:
Contemporary Amperex Technology
2016
2017
2018
2019
2020
2021
2022E
2023E
2024E
2025E
- 20%
40.0%
15%
30.0%
20.0%
10%
10.0%
5%
0.0%
0%
Polysilicon
Stock highlights:
Tongwei
Solar Glass
Wafer
Cell
Module
0.5
Stock highlights:
Shanghai Baosight
Technology enablers for "Old"
China Transformation:
New opportunities from carbon neutrality
China DCS market (Rmb bn)
Locals' share
60%
2014
2015
2016
2017
2018
2019
50%
40%
30%
20%
10%
0%
NEV = New energy vehicle; DCS = Distributed control systems; Forecasts and estimates are indicative and may or may not come to pass. Source: (LHS) China Association of Automobile
Manufacturers;. Data as of June 2022 (Middle) WIND, J.P Morgan Asset Management; (RHS) Marketing Intelligence Resource; As of September 2021. For illustrative purposes only
32
*View entire presentation