China’s exports of key clean energy technologies—solar, batteries and electric vehicles—reached a record USD 21.9 billion in March 2026, rising 70% year-on-year, according to initial customs data analyzed by Ember.

The surge comes amid elevated global energy prices linked to the US-Israel war with Iran and ahead of changes to export rebates for solar and batteries, which helped accelerate shipments.

By segment, solar exports jumped 84% year-on-year, lithium-ion batteries rose 69%, and electric vehicles increased 65% in the same period. 

Collectively referred to as China’s “new three” industries, the sectors have now delivered $200 billion in exports over the past 12 months based on preliminary data from the Chinese customs authority.

“This is just the beginning,” said Euan Graham. “The knock-on effects of high energy prices will be unfolding for months to come. Clean technologies are an escape from soaring fuel costs for consumers and a long-term route for countries to reduce fossil fuel reliance.”

For Philippine energy stakeholders, the data underscores intensifying global supply of clean technologies that could influence local project costs, procurement strategies, and the pace of renewable and EV adoption. Lower-priced imports—particularly solar modules and battery systems—may improve project economics, but could also heighten competitive pressure on any nascent domestic manufacturing.

At the same time, sustained growth in EV exports signals continued momentum in transport electrification globally, with potential spillovers into Southeast Asian markets through pricing and availability.

Ember said its analysis is based on initial figures from China’s customs authority, with further refinements expected as more detailed trade data is released.

How should Philippine policymakers and industry players respond to the accelerating global supply of solar, batteries, and EVs—double down on imports to cut costs, or build local capacity to stay competitive?

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