Beijing Targets the Bloat in Its Solar and EV Sectors ...Middle East

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Beijing Targets the Bloat in Its Solar and EV Sectors
source : OILPRICE ( Middle East ) () 59
China’s undisputed leadership in electric vehicle sales and renewable energy expansion has come at a cost for numerous companies that have been running a race to the bottom in recent years. The surge in EVs and solar and wind power installations has resulted in excessive manufacturing capacity in these key clean energy industries, igniting price wars that have hurt most companies in the cleantech sector, including the biggest solar panel manufacturers.   Chinese authorities realized last year that cutthroat competition, overcapacity,…

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