Thanks to the Chinese Lawyers Conference for inviting Joseph Mak to share the importance of ESG to overseas companies in the special session “New Paths for New Energy Enterprises to Go Overseas”. Hong Kong is also the starting point for small and medium-sized new energy companies to go overseas.
The overall development trend of my country’s new energy field is good. New energy vehicles, solar photovoltaic cells and lithium batteries occupy an important position in international trade. These three products all belong to the specific category of the new energy field. Shenzhen’s total output of these three new products has exceeded the national average. This achievement is due to the innovative potential released by Shenzhen private enterprises, the strong support of the Shenzhen Municipal Government for the new energy industry as one of the 20+8 strategies, and the soundness and perfection of Shenzhen’s new energy industry chain and supply chain.
On the other hand, with the profound changes in the global supply chain, new energy companies are also facing unprecedented challenges in going overseas. These challenges include not only challenges from overseas supply chain coordination, but also disturbances from the sanctions and suppression of additional tariffs on China’s new energy exports by the United States, Europe and other countries. In addition, the US 337 investigation, the EU’s new battery regulations and other technical trade barriers also pose severe legal challenges to the overseas expansion of the Greater Bay Area and even China’s new energy companies.