Brutal competition in China’s green tech sectors pushes companies abroad

Brutal competition in China’s clean tech sector is forcing electric-vehicle companies abroad in search of growth while the solar industry readies a cartel to combat mammoth overcapacity.

Chinese EV firms reported strong results this week — XPeng announced record sales while Xiaomi saw net profit more than double — but, faced with an increasingly saturated market and persistent price wars, Xiaomi is looking farther afield, announcing an expansion to Europe by 2027.

The solar sector, meanwhile, plans to pool $7 billion in order to buy out and shutter the least efficient manufacturing sites, before forming a cartel: Panel prices have plummeted, many companies operate at a loss, and the industry shed a third of its total jobs last year alone.

A chart showing the share of solar electricity generation by country

Source link

Visited 1 times, 1 visit(s) today

Related Article

China and India are exploring trade cooperation, particularly in strategic sectors like rare earths, in an effort to reset ties. Photo: Reuters

India-China thaw: rare earths, border headway as Trump turns up tariff heat

The world’s two most-populous countries made significant progress on the diplomatic front recently, and those championing such moves may have Washington to thank. India has agreed to a long-standing Chinese proposal to ease border tensions while also resuming direct flights and business links, as both sides explore trade cooperation – particularly in strategic sectors like

20 August 2025
The main control room of a renewable energy plant in Holingol city, Inner Mongolia. The intermittent nature of China’s growing renewable energy base is pushing the country to reform its power systems (Image: CFOTO / Sipa US / Alamy)

How to future-proof China’s power grid? | NEWS

China’s electricity supplies are generally stable today, but extreme weather and renewables integration are growing challenges The main control room of a renewable energy plant in Holingol city, Inner Mongolia. The intermittent nature of China’s growing renewable energy base is pushing the country to reform its power systems (Image: CFOTO / Sipa US / Alamy)

20 August 2025
US President Donald Trump (L) and Chinese President Xi Jinping (R)(AFP)

Very happy with China tariffs: Trump official who slammed India over Russian oil

US treasury secretary Scott Bessent on Tuesday said he is “very happy” with the tariff arrangement the country currently has with China, adding the status quo on the subject was “working pretty well” with China. US President Donald Trump (L) and Chinese President Xi Jinping (R)(AFP) When asked about the current tariff situation and a

20 August 2025