Guizhou scales up new energy industry

Guizhou accelerates the launch of key new energy projects in the province. [Photo/ddcpc website]

New energy is pivotal in investment attraction projects in Southwest China's Guizhou province. The province is shifting its focus from sheer numerical growth to qualitative improvement, from looking at production value to evaluating new quality.

Relying on its unique resources and industrial foundation, Guizhou is driving high-quality projects to flourish within the new energy industry chain through targeted investment, industry chain investment, business-led investment, and capital investment strategies.

In 2024, the industrial output value of Guizhou's new energy bases above a designated size reached 308.65 billion yuan ($42.6 billion). Behind these figures lies the rapid development of Guizhou's new energy industry, with investment attraction as a major breakthrough.

This has led to the creation of a new energy manufacturing industrial cluster, accelerating the transformation of energy advantages into economic, industrial, and developmental strengths.

New energy vehicles (NEVs) are China's strategic measure to combat climate change and promote green development. Driven by policies and market demand, Guizhou's NEV production surged 30-fold in 2024.

An excellent business environment is the lifeline of investment attraction. Guizhou fully utilizes its government guidance and market leadership advantages, pioneers industry methods, and continuously improves its new energy infrastructure and comprehensive supporting capabilities, providing enterprises with high-quality services.

Today, Guizhou focuses on its target chain to strengthen and expand the new energy industry. The efforts yield substantial industrial results, empower enterprises, and optimize the enterprise service chain.