Gavekal Technologies

Over the past year Gavekal Technologies has explored most corners of China’s vast and unique energy system, with a particular focus on how electrification is transforming China’s economy and its position in the world. We have now distilled our insights into our first annual China New Energy Guidebook. This concise presentation outlines China’s strategies for its energy and electricity systems, assesses the progress of wind, solar and nuclear deployment, and analyzes the key electricity related sectors: batteries, electric vehicles, AI and the “electrotech stack.”

Over the past year Gavekal Technologies has tracked China’s progress across a range of tech sectors. Today we take a step back and try to assess its overall capabilities. First, outside a handful of areas, China is still more of a fast follower than a global pace-setter. Second, China’s well-documented manufacturing dominance is mainly in products of medium or low complexity. Finally, China’s tech ecosystem still relies heavily on foreign-sourced components, equipment and intellectual property.