Global energy transition investment sets records: Structural reshaping of the electric mobility and battery industry chain

Global energy transition investment has entered a critical growth phase, reaching a record \$2.3 trillion in 2025, an 8% increase from 2024. This data clearly outlines the reality of global capital migrating towards a low-carbon economic structure at an unprecedented pace. Against this macro backdrop, investment in electrified transport and charging infrastructure is the biggest driver, accounting for \$893 billion in investment, a year-on-year increase of 21%, far exceeding traditional sectors. This indicates that the deployment of electric vehicles and the construction of supporting charging systems have become the core engine driving the energy transition.

Industry Background and Investment Landscape This investment boom is not limited to the automotive sector but also permeates the energy and infrastructure levels. Investment in renewable energy and grid investment continues to grow, although the growth rate has been adjusted due to uncertainties brought by policy changes in the Chinese market. It is noteworthy that investment in the clean energy supply chain grew by 6% in 2025, reaching \$127 billion. This includes the construction of clean technology factories such as solar, battery manufacturing, electrolyzers, and wind power equipment, as well as mining and processing facilities for key battery metals. China's leading position in clean technology manufacturing investment remains solid, but the report points out that as the US, EU, and India localize their clean technology supply chains, China's share in global clean technology investment is gradually being caught by other regions.

Structural Changes in Batteries and Supply Chains Battery technology and supply chains are the most strategically significant links in the energy transition. The growth in investment in the clean energy supply chain is mainly driven by investment in battery manufacturing and battery materials. However, the report also points out a potential long-term risk: although investment in the clean technology sector continues to increase, the growth rate of future battery metal supply may be misaligned with the goals of achieving net-zero emissions in the long term. Furthermore, clean technology product prices face certain downward pressure, requiring all links in the industrial chain, including battery enterprises, to maintain high competitiveness in cost control and technological iteration.

Impact on Each Link in the Industry Chain

• Electric Mobility Sector: The massive flow of investment signals that the large-scale process of the EV industry will accelerate, but it also places higher demands on the capacity balance of upstream and downstream links in the industry chain.Impact on Each Link in the Industry Chain

• Electric Mobility Sector: Massive investment flows signal the acceleration of the EV industry's scaling process, but also place higher demands on capacity balancing across the upstream and downstream links of the industry chain.
• Charging Infrastructure: As the penetration rate of electric mobility increases, building the charging network becomes an area requiring simultaneous investment. Charging operators and infrastructure builders will be new growth points.
• Energy Security and Investment Risk: Although energy transition investments have shown resilience, the global investment growth rate has decreased from 27% in 2021 to 8% in 2025, indicating that the growth rate is maturing. At the same time, there is a divergence in investment between clean energy and traditional fuel (such as oil and natural gas) investments, showing differences in market risk appetite for different energy pathways.

Implications for the Future Development of New Energy Transportation

The global trend of electrifying transportation has moved from the technology exploration stage to the large-scale deployment stage. The popularization of electric vehicles will directly drive the commercialization of related technologies such as Smart Mobility and V2G. The future focus of competition will no longer be just the iteration of single-vehicle performance, but rather how to build an efficient, sustainable energy-transport system integrated network. The restructuring of the industry chain will accelerate, requiring enterprises to achieve deep coupling in technological innovation, supply chain resilience, and energy storage solutions.

The global trend of electrifying transportation requires us to pay attention to key nodes in the energy transition process: shifting from single-technology-driven to system-level solution integration, shifting from purely policy-driven to market-driven capital allocation, and strategic positioning in key raw materials and manufacturing capabilities. This is not just about the electrification of cars, but about a profound transformation of the entire societal energy system.