Date: June 24, 2024

On June 24, 2024, in the roundtable on collaboration between universities and think tanks on climate action, green and sustainable development, Prof Fan Gang, President of China Development Institute, underscored that it is critical for the international community to expand dialogues and exchanges of knowledge sharing on green technological innovation and application. He further disputed the so-called “over capacity” of Chinese electric vehicle, as China’s domestic EV market continued to grow and saw EV penetration rate soaring from 5.4% in 2020 to 31.6% in 2023. Looking at the global new energy sector, current production is yet to meet market demand and serious shortage of high-quality product remains. China will continue the effort to meet UN Sustainable Development Goals and accelerate the development of renewable energy industries. The roundtable was attended by Tan Sri Dr Koh Tsu Koon, Former Chief Minister of Penang.