Since the beginning of 2020, there has been USD 25 billion in Chinese cleantech venture deals, USD 10 billion of which happened just in Q1 this year. China is experiencing exponential growth in cleantech investment, with the background of 2060 carbon neutral commitment.
Two out of three Chinese cleantech deals in Q1 2021 are in the transportation and logistics sector, particularly electrical cars and related facilities. This sector has also seen very active exporting to the South East market. But there are interesting developments in other sectors as well, such as hydrogen, renewable energy storage, and agriculture. In this Viewpoint interview, Anthony DeOrsey, Consulting Manager at Cleantech Group, shared his observations and analysis of the dynamics in each of these sectors in the China cleantech landscape.