New energy vehicle production in Guangdong Province, where XPeng Motors is headquartered, rose 204.8 percent year-over-year from January to July, according to data recently released by the Guangdong Provincial Bureau of Statistics.
From January to July, the added value of industries above scale in Guangdong reached RMB 2.01 trillion, up 16.0 percent year-over-year. Among them, the value added of the automobile manufacturing industry grew 20.7 percent year-over-year, the data showed.
As new energy vehicles become more and more common, carbon peaking and carbon neutrality are on the agenda, and new business opportunities are born, Shenzhen Economic Daily reported Thursday.
In the future, new energy vehicle disposal is expected to grow in volume, and industries including carbon capture and storage and soil remediation will see huge market opportunities, the report said, citing the Guangdong Association of Environmental Protection Industry (GDAEPI).
The first batch of new energy vehicle batteries to enter the market will enter the "retirement" period around 2020, which will lead to a $10 billion end-of-life power battery treatment industry, according to the report.
According to the report, "carbon peak" and "carbon neutral" were written into the government work report for the first time this year, and China stressed the need to do a solid job of carbon peak and carbon neutral.
Carbon emissions will also become an important evaluation yardstick to measure the level of green development of the industry, according to GDAEPI.