碳博会专家观点：中国成熟的绿色产能 正转化为全球低碳转型的公共产品

Core Viewpoint - The Chinese climate technology industry is undergoing a significant wave of mergers and acquisitions (M&A), focusing on strategic objectives rather than mere scale expansion, aiming to acquire key technologies, enhance supply chains, and expand market channels [1][2] Group 1: M&A Trends - The M&A activities in the climate technology sector are increasingly characterized by a global perspective, with Chinese companies actively engaging in cross-border acquisitions to obtain advanced technologies and management experiences [1] - The proportion of cross-border M&A is rising, indicating a shift in strategy where domestic companies leverage their mature business models and production capacities to compete globally [1][2] Group 2: Industry Evolution - The current M&A cycle in the climate technology sector marks a transition from a focus on technological and industrial revolutions to valuation and profit revolutions, aligning with broader industry development trends [2] - The focus of M&A is shifting towards cutting-edge technology areas such as hydrogen energy, energy storage, and carbon management, with a diversification of acquisition models including strategic alliances and joint ventures [2] Group 3: Competitive Landscape - The M&A wave reflects a trend of integrating technological resources to drive industry upgrades, moving from scale advantages to innovation advantages [2] - Companies are now targeting critical technology gaps through acquisitions, aiming to create a complete technological chain by integrating acquired technologies into their innovation systems [2]