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GCL Group Leads the Industry Competitiveness List as China’s New Energy Soars

2018-01-20   

 

GCL Group topped the New Energy Global 100 list as the “2017 Global Competitiveness Report for the Energy Industry” was just released. Among the world’s top 100 new energy businesses, fifty-seven are mainland Chinese businesses and the number is 64 if businesses from Taiwan (China) and Hong Kong (China) are included, much higher than that of other countries. America ranked second with 10 enterprise.

Report data showed that the average value of the overall scale of the new energy industry is far smaller than that of oil and gas, power, and other traditional energy industries, but this new industry is growing rapidly, and features capital and technology concentration. The new energy industry is the driving force for the transformation and upgrading of business structures and new models of economic development.

China’s new energy industry is highly competitive. Amongst the top 10 new energy businesses, six are from Mainland China, two are from Denmark, and the other two are from Finland and Japan, respectively.

GCL’s revenue ranks higher than that of all other new energy businesses, with its total asset size ranking second. In the last three years, its income growth rate and net asset growth rate both led the industry. Photovoltaics (PV) is GCL Group’s primary business. In recent years, GCL Group has provided almost 30% of PV materials in the world, and emerged as the global leader in new energy.

“The 2017 Global Competitiveness Report for the Energy Industry” was jointly released by the International Energy Strategic Research Center of Renmin University of China, the International Energy Research Institute at the International Cooperation Center of the National Development and Reform Commission, and the Guohe Zhouji Energy Consulting Institute. The report, by using open data from the energy industry from 2014 to 2016, uses uniform standards and methods to evaluate the energy businesses’ market competitiveness.