Contribution to Exports - New "three new" products contributed 2.5 percentage points to export growth, which is half of the 5.1 percentage points contributed by electromechanical products[1] - New "three new" products accounted for only 7.5% of the total electromechanical product exports, yet contributed approximately 50% to the growth of electromechanical exports[8] - Total export value of new "three new" products reached $126 billion, reflecting a growth of over 55% compared to the same period last year[7] Growth Drivers - The primary growth driver for new "three new" products is the electric vehicle sector, which saw a threefold increase in export value, raising its share from 14% to 38% within the new "three new" category[18] - Lithium-ion batteries, while still the largest segment within the new "three new" products, saw a decrease in share from 54% to 44% due to slower growth compared to electric vehicles[18] - Photovoltaic products experienced a decline in export value despite an increase in quantity, indicating a trend of rising volume but falling prices[18] Market Dynamics - Exports of new "three new" products are primarily directed towards Europe (39.5%) and Asia (37.1%), with a notable increase in market penetration in Africa, where the share rose to 3.1%[20][22] - Africa is the only region where the share of all categories of new "three new" products is increasing, suggesting significant growth potential in this market[20][21] - The growth rate of new "three new" products in Africa has expanded by 0.6 percentage points over the past year, indicating a rapidly developing market[20] Risk Factors - Potential risks include insufficient policy support for economic growth, lower-than-expected global economic conditions, and unexpected trade frictions[27]

Core Insights - China's "New Three Items" (electric vehicles, lithium-ion batteries, solar cells) are experiencing significant export growth, with a total export value of 909.77 billion yuan in the first three quarters of 2025, marking a 20% year-on-year increase [3][7][11] - The export of electric vehicles is particularly noteworthy, with 2.599 million units exported, representing a 55.1% increase, and an export value of 339.69 billion yuan, up 33.1% [4][11] - The solar cell export volume increased by 69.3% to 9.28 billion units, but the export value fell by 13.3% to 15.22 billion yuan due to oversupply and price declines [20][21] Export Performance - The export of lithium-ion batteries is the largest by value, with 3.9713 trillion yuan exported in the first three quarters, a 27.8% increase, accounting for over 43% of the "New Three Items" export value [3][15] - Guangdong is the largest province for "New Three Items" exports, while Anhui shows the fastest growth rate [4][10] - Western Europe is the primary market for China's "New Three Items," with Germany being the largest importer, accounting for nearly 10% of total exports [5][11] Market Dynamics - The rapid growth of Chinese electric vehicles in Thailand, where they hold over 80% market share in the electric vehicle sector, exemplifies the success of China's "New Three Items" [3][11] - The average export price of solar cells has dropped significantly, indicating a price war in the industry, which may lead to a consolidation of weaker companies [20][23] - The demand for lithium batteries is increasing globally, particularly in Europe and the U.S., where local supply is insufficient, providing opportunities for Chinese manufacturers [17][18] Regional Insights - The top ten countries for electric vehicle exports from China include six in the Asia-Pacific region, with Belgium being the largest market, followed by Australia and Thailand [14][12] - The export of lithium batteries is dominated by Fujian province, which accounts for over 25% of the total lithium battery exports from China [15][16] - The trend of diversifying export destinations is evident, with developing countries increasingly becoming significant markets for solar products [21][22]

Core Insights - The 2025 World Power Battery Conference highlighted the significance of electric vehicles, lithium batteries, and photovoltaics as new pillars of China's exports [1] Export Performance - In the first three quarters of 2025, the total export value of the "new three" reached 909.7 billion yuan, with lithium batteries accounting for 397.1 billion yuan, representing 43.7% of the total [1] - The export volume of lithium batteries totaled 199 GWh, with CATL (Contemporary Amperex Technology Co., Limited) contributing 116 GWh, which is 58.3% of the total [1] Employment and Tax Contributions - CATL's 13 global bases have created 150,000 jobs, with the Yibin base employing 30,000 people and expected to exceed 50,000 in the future [1] - In the first three quarters of this year, CATL paid 24.5 billion yuan in taxes, showing significant year-on-year growth [1] Research and Development - Over the past decade, CATL has invested approximately 80 billion yuan in research and development, with over 15 billion yuan invested in the first three quarters of this year [1] - The company currently holds or has applied for nearly 50,000 patents [1]

Group 1 - The core viewpoint highlights the strong growth in exports of "new three items" (electric vehicles, lithium-ion batteries, and photovoltaic products) from Hunan Province, with a total export value of 11.32 billion yuan, representing an 83.5% increase year-on-year [1][2] - Electric vehicle exports reached 7.3 billion yuan, showing an 83% growth, while lithium-ion battery exports surged to 3.67 billion yuan, marking a 104.6% increase [1][3] - The city of Changsha led the province with a remarkable 94.1% growth in exports of "new three items" [1] Group 2 - Private enterprises dominated the export market, accounting for 11.09 billion yuan in exports of "new three items," a 93% increase, and representing 97.9% of the total export value [2] - Major export destinations included Indonesia, Mexico, and the United States, with exports to these countries growing significantly [2] - Changsha's exports of "new three items" totaled 9.97 billion yuan, making up 88% of the province's total [2] Group 3 - The analysis from Changsha Customs indicates that companies like BYD are performing well in the global market, with BYD's exports accounting for over 50% of the total, growing by 95.7% [3] - The export volume of pure electric passenger vehicles increased by 15.1 times, with logistics efficiency improved through the use of self-owned shipping fleets [3] - New regulations allowing the import of recycled black powder for lithium batteries are expected to address domestic resource shortages and reduce costs [3]

Core Points - The "Shenzhen Waterway Ship Safety Navigation Regulations" will officially implement on July 20, aiming to systematically regulate ship navigation behavior in Shenzhen waters [1] - The regulations consist of six chapters with 49 articles, addressing various aspects of ship navigation, anchoring, and operational behavior [1] - Shenzhen Port ranks fourth globally in container throughput, with significant increases in ship traffic and container volume in the first half of the year [1][2] Group 1: Regulatory Framework - The regulations fill several gaps in Shenzhen's navigation management, including the first designation of inland navigation waters and the establishment of safety condition verification ranges [1][2] - The regulations also implement zoned speed limits for vessels, enhancing navigation safety in increasingly complex maritime environments [2] Group 2: Green Development Initiatives - The regulations provide institutional support for the adoption of green energy fuels such as LNG and methanol, promoting safe operations in these new sectors [3] - Shenzhen Maritime Bureau is working on establishing safety regulations for LNG refueling operations and has released guidelines for methanol operations with support from Hong Kong [3] Group 3: Economic Development and Trade - The Maritime Bureau has developed industry standards for the safe transport of lithium batteries and related equipment, significantly reducing shipping costs for electric vehicles and large energy storage units [3] - Efforts are underway to enhance the yacht tourism economy in the Greater Bay Area, with over 260 yachts participating in a "freedom travel" program and tailored services for international cruise ships [3]

Core Insights - The "New Three Items" (lithium-ion batteries, electric passenger vehicles, and solar cells) exports from China showed a total export value of $645.7 billion from January to May 2025, marking a 6.1% increase year-on-year [1] - In May 2025, the total export value reached $150.0 billion, reflecting a 17.1% year-on-year growth [1] - The export of lithium-ion batteries, electric passenger vehicles, and solar cells accounted for 44.2%, 38.0%, and 17.8% of the "New Three Items" exports, respectively [2] Export Performance - The export of lithium-ion batteries in May amounted to $60.3 billion, a 24.7% increase year-on-year, while the quantity exported was 45,260.2 thousand units, reflecting a 21% increase [3] - Solar cell exports in May totaled $24.5 billion, showing a 14.1% decline year-on-year, but the quantity exported increased by 74.2% [5] - Electric passenger vehicles saw an export value of $65.2 billion in May, a 27.3% increase year-on-year, with 340,314 units exported, marking a 42.7% increase [6] Regional Contributions - Jiangsu regained the top position in "New Three Items" exports, driven primarily by electric passenger vehicles, which saw a 48.5% year-on-year increase [9] - Shanghai contributed significantly to the national growth of "New Three Items" exports, with a 50.2% year-on-year increase in May [10] - In May, 20 out of 31 provinces reported year-on-year growth in "New Three Items" exports, with regions like Ningxia and Gansu exceeding 100% growth [7] Market Dynamics - The export to Germany remains the largest market for "New Three Items," contributing 4.3 percentage points to the overall growth in May [12] - Emerging markets such as the UAE, Saudi Arabia, and Turkey showed significant contributions to the year-on-year growth of "New Three Items" exports [13] - Exports to the US faced a notable decline, with a year-on-year decrease of 21.6% in May, significantly impacting the overall export growth [15][16] Summary of Key Metrics - The "New Three Items" exports accounted for 4.2% of China's total exports from January to May, contributing approximately 0.34 percentage points to the overall export growth [2] - The average export price of lithium-ion batteries in May was $14.9 per unit, reflecting a 2.7% increase year-on-year [3] - The total export value of "New Three Items" in May was $150.0 billion, with a breakdown of $60.3 billion for lithium-ion batteries, $24.5 billion for solar cells, and $65.2 billion for electric passenger vehicles [1][3][6]

Core Insights - The report highlights the export status of China's "new three items" (lithium-ion batteries, electric passenger vehicles, and solar cells) for the first quarter of 2025, indicating a total export value of $334.1 billion, a slight increase of 0.5% year-on-year [1][2]. Group 1: Export Performance - In March 2025, the total export value of "new three items" reached $129.6 billion, representing a year-on-year growth of 5.3%, with exports of $124.1 billion, up 5.7% year-on-year [1][3]. - Lithium-ion batteries accounted for 46.2% of the export value, electric passenger vehicles for 34%, and solar cells for 19.8%, with lithium-ion batteries' share increasing by 8.5 percentage points compared to the previous year [1][3]. - The export value of lithium-ion batteries in March was $57.3 billion, a 29.5% increase year-on-year, while the export quantity grew by 25.3% [3][5]. Group 2: Regional Performance - Guangdong province had the highest export value for "new three items" in March, totaling $217.15 million, a year-on-year increase of 69.8%, contributing significantly to national export growth [9][10]. - Among the 31 provinces, 19 experienced year-on-year growth in "new three items" exports, with Qinghai, Gansu, Guizhou, Yunnan, Sichuan, and Henan showing the fastest growth rates, all exceeding 150% [7][8]. Group 3: Export Destinations - The top ten export destinations for March included Germany, the United States, and India, with their respective shares being 9.8%, 9.5%, and 4.8% [12][14]. - The concentration of export destinations reached a historical low, with the top ten accounting for only 50.2% of total exports, a decrease from previous years [12][14]. Group 4: Impact of Trade Policies - The report indicates that the recent trade tensions, particularly with the U.S., have significantly impacted the export of lithium-ion batteries, which constitute 94% of the "new three items" exported to the U.S. [15][16]. - The provinces most affected by U.S. tariffs on lithium-ion batteries are Fujian and Guangdong, which account for 48% and 26.5% of exports to the U.S., respectively [15][16].