Clean technology investment in China totaled $294 billion in the first half of 2026. Investment fell 49% from elevated levels in Q4 2025 to $140.7 billion in Q1, as a surge in renewable power and electric vehicle deployment ahead of changes to government support gave way to a sharp pullback. Investment then recovered somewhat, rising 9% to $153 billion in Q2. This shift reduced China's share of global clean investment to 39% in Q2 2026 from 52% in Q4 2025.
Rhodium Group and MIT CEEPR’s Clean Investment Monitor is a comprehensive database of actual investment across China in:
Electric Power: The installation of clean electricity generation and storage.
Transport: The purchase of clean light, medium, and heavy-duty electric vehicles.
Manufacturing: The construction or expansion of factories that manufacture solar, wind, EVs, batteries, and key critical mineral inputs.
Industry: New or expanded facilities to produce decarbonized industrial products, including clean iron & steel, cement, and sustainable aviation fuel.
Investments are updated on a quarterly basis. To create a historical baseline against which to assess recent clean manufacturing and industry investment developments across the world, CIM includes all quarterly investments in our covered technologies since 2018. This results in a database with over 3,059 projects located at over 2,033 facilities across China as of Q2 2026. Greenfield facilities are included in our actual investment estimates only when it’s confirmed that they have broken ground, regardless of originally reported timelines.
Investment in deploying clean electric power in China totaled $134 billion in H1 2026, 43% below H1 2025, as solar and wind projects adjusted to more market-based pricing. Solar remained the largest technology, accounting for 40% of H1 investment, followed by wind at 23%. Within the first half of the year, total investment increased 8% in Q2, as a 25% decline in solar was more than offset by increases in wind, storage, and other renewables. Nuclear investment reached $6 billion in H1 as two large reactors came online.
Investment in electric transportation in China fell sharply in Q1 2026 after elevated investment at the end of 2025, following changes to electric vehicle purchase incentives. Investment increased 15% in Q2 but remained 30% below Q2 2025. Light-duty vehicles accounted for 89% of H1 investment and drove the overall decline. Medium- and heavy-duty vehicle investment moved in the opposite direction, rising 64% from H1 2025 and more than doubling between Q1 and Q2 2026.
Investment in clean technology manufacturing and industry in China totaled $24 billion in H1 2026, 41% below the same period in 2025. Investment fell 12% in Q1 from Q4 2025 and another 14% in Q2 to $11 billion, extending the decline underway since its 2023 peak. Batteries remained the largest segment, accounting for nearly three-quarters of H1 investment, though quarter-on-quarter spending declined by 12% and 6% in Q1 and Q2, respectively. Solar manufacturing investment fell 30% in Q1 relative to the last quarter of 2025 and another 10% in Q2 as years of rapid capacity expansion continued to weigh on new investment.
Newly announced investment in clean technology manufacturing and industry in China totaled $36 billion in H1 2026, at roughly similar levels as the last six months of 2025 and 37% above H1 2025. Announced investments were driven primarily by battery projects—at 86% of the H1 total—which were increasingly oriented toward stationary storage. Dedicated stationary-storage and mixed-application facilities represented 41% of announced battery investment in H1, up from 30% in the previous six months.
