To facilitate China’s dual carbon targets and spur the development of the new energy industry in its western regions

this study uses Ningxia as a case to devise tailored investment attraction policies and give targeted proposals for attracting investment in the new energy industry.Through an in-depth analysis of Ningxia‘s existing resources

current situation

and the challenges faced in industrial investment attraction

this study identifies several key issues hindering investment:insufficient power transmission capacity

unknown enterprise demand

mismatches in investment appraisal criteria

misalignment between industry chains and investment attraction

and regional industry saturation.To address these issues

the study suggests enhancing investment assessment methods

reducing entry barriers for relevant manufac-turing industries

raising entry standards for power generation enterprises

and developing regional industrial clusters.It introduces the concept of industrial proximity to prioritize investment attraction based on quantified industrial relation-ships.Additionally

it recommends market-driven strategies to ensure that investment directions align with national policies and local initiatives.The study also examines the development of the new energy industry across western provinces

quantifies the formation of industrial ecosystems in each province

and defines cross-provincial industrial ecosystem frameworks.This approach seeks to advance the new energy industry through coordinated multi-industry collaborations by capitalizing on local strengths and integrating multiple industries.