Why new energy 'overcapacity' claims are false
4 months, 1 week ago

Why new energy 'overcapacity' claims are false

China Daily  

CAI MENG/CHINA DAILY Some Western nations have been touting the so-called "overcapacity "problem of China in recent years, alleging that China's "excess capacity" in the new energy sector has disrupted and threatened the international market. The term overcapacity refers to a scenario in which production capacity of an industry exceeds market demand and expected levels, indicating a disequilibrium in the market's supply-demand relationship. For instance, market entities often anticipate demand for certain industries and products based on fundamental factors such as medium- to long-term income levels and consumer preferences. When these expectations of future market demand are considered, it becomes clear that industries in China like wind power, photovoltaics, EVs and infrastructure construction cannot be deemed as having overcapacity.

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History of this topic

Not the time to spin wheels
5 days, 14 hours ago

Not the time to spin wheels

China Daily  

WANG XIAOYING/CHINA DAILY Since the European Commission launched the anti-subsidy investigation into China's electric vehicles in October 2023, how to properly promote the orderly and healthy development of the China-EU EV industry, and how to resolve the potential escalation of trade frictions have been a priority for the two sides. According to the China Automobile Association, in 2023, China's new …

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war
3 weeks, 5 days ago

BYD prepares to go for the kill in Chinese EV market, leaked letter shows plans to intensify price war

Firstpost  

BYD’s aggressive pricing strategy appears to be paying off — the Chinese EV maker recently overtook Tesla in revenue for the first time, reporting a gross margin of 21.9 per cent, its highest in a year Unlike some of its rivals, BYD has not only weathered the price war but emerged stronger. The leaked email highlights BYD’s readiness to further …

Riding toward a cleaner, greener world
1 month ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

Riding toward a cleaner, greener world
1 month ago

Riding toward a cleaner, greener world

China Daily  

FILE PHOTO: New China-built electric vehicles of the company Xpeng are seen parked in the port of Zeebrugge, Belgium, October 24, 2024. The move, which the EU described as an effort to maintain "fair competition", thinly veils an underlying attempt to curb China's ascendancy in the EV industry. China's EV ecosystem is not only vast, it is also driven by …

'New energy trio' next growth engine for Asia-Pacific
1 month, 1 week ago

'New energy trio' next growth engine for Asia-Pacific

China Daily  

MA XUEJING/CHINA DAILY Chinese-made electric vehicles, lithium batteries and solar photovoltaic products, the "new trio", have been praised and marveled worldwide. This means the Asia-Pacific region can use Chinese new energy products to achieve regional low-carbon transition and boost economic growth and technological advancement, as well as reduce the threat posed by climate change. The Chinese mainland, on its part, …

'New energy trio' next growth engine for Asia-Pacific
1 month, 1 week ago

'New energy trio' next growth engine for Asia-Pacific

China Daily  

MA XUEJING/CHINA DAILY Chinese-made electric vehicles, lithium batteries and solar photovoltaic products, the "new trio", have been praised and marveled worldwide. This means the Asia-Pacific region can use Chinese new energy products to achieve regional low-carbon transition and boost economic growth and technological advancement, as well as reduce the threat posed by climate change. The Chinese mainland, on its part, …

China's Modernization: A Shared Prosperity for Developing Nations
2 months ago

China's Modernization: A Shared Prosperity for Developing Nations

China Daily  

China's modernization serves as an inspiration for developing nations, offering tangible opportunities for growth through its Belt and Road Initiative. The country prioritizes institutional openness, fostering foreign investment and protecting intellectual property. Collaboration within the BRI framework is strengthened, with plans to enhance connectivity and build a multidimensional network connecting countries along the Belt and Road. China's commitment to scientific …

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says
2 months, 1 week ago

Shift toward EVs, particularly in China, could disrupt global oil market, energy report says

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors …

China's green electricity trading sees massive growth
3 months ago

China's green electricity trading sees massive growth

China Daily  

China's green electricity trading has seen significant growth in the first eight months of this year, with the National Energy Administration issuing more than 1.84 billion green certificates nationwide by the end of August 2024, according to the National Energy Administration. The scale of green electricity trading in Shanghai meanwhile also reached 2.5 times that of the previous year, a …

China's green electricity trading sees massive growth
3 months ago

China's green electricity trading sees massive growth

China Daily  

China's green electricity trading has seen significant growth in the first eight months of this year, with the National Energy Administration issuing more than 1.84 billion green certificates nationwide by the end of August 2024, according to the National Energy Administration. The scale of green electricity trading in Shanghai meanwhile also reached 2.5 times that of the previous year, a …

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI
3 months, 2 weeks ago

Allow natural growth of India's e-vehicle sector to avoid becoming 'EV colony' for China: GTRI

The Hindu  

The government should allow the domestic electric vehicle sector to grow naturally without relying on incentives as it would avoid India becoming an 'EV colony' for China, think tank GTRI said on Friday. By allowing market forces to steer the sector's growth, India can avoid becoming an 'EV colony' for China and carve out its own path in the global …

China's green efforts to gain momentum
3 months, 2 weeks ago

China's green efforts to gain momentum

China Daily  

By ZHENG WANYIN in London | China Daily Global | Updated: 2024-09-05 09:47 A green building in the Shenzhen International Low-Carbon City in Guangdong province, is among those in the special area that use sustainable energy sources. Experts said China's efforts in promoting high-quality economic development and fostering new quality productive forces could further boost the nation's green transition. The …

China's green efforts to gain momentum
3 months, 2 weeks ago

China's green efforts to gain momentum

China Daily  

A green building in the Shenzhen International Low-Carbon City in Guangdong province, is among those in the special area that use sustainable energy sources. Experts said China's efforts in promoting high-quality economic development and fostering new quality productive forces could further boost the nation's green transition. The plenum's resolution described high-quality development as a "primary task "in building China into …

China's green efforts to gain momentum
3 months, 2 weeks ago

China's green efforts to gain momentum

China Daily  

A green building in the Shenzhen International Low-Carbon City in Guangdong province, is among those in the special area that use sustainable energy sources. Experts said China's efforts in promoting high-quality economic development and fostering new quality productive forces could further boost the nation's green transition. The plenum's resolution described high-quality development as a "primary task "in building China into …

Forum on China-Africa Cooperation: Why Beijing's eye is on green energy, exports ahead of FOCAC
3 months, 2 weeks ago

Forum on China-Africa Cooperation: Why Beijing's eye is on green energy, exports ahead of FOCAC

Firstpost  

With an eye on securing critical resources and expanding green exports, Beijing is shifting from large-scale infrastructure projects to promoting solar, EVs, and 5G technologies across the continent Ahead of the beginning of the ninth Forum on China-Africa Cooperation that begins on Wednesday, China’s focus on Africa has taken on a new hue— green. With the global push towards renewable …

Nation helps drive global transition to green energy
3 months, 3 weeks ago

Nation helps drive global transition to green energy

China Daily  

An aerial drone photo taken on June 6, 2024 shows the wind power equipment at a low carbon-dioxide emission industrial park in Sheyang, Yancheng, East China's Jiangsu province. China's green energy development has become an engine for the global energy transition, which has substantially eased global inflation pressures while addressing climate change, according to a white paper issued on Thursday. …

Nation helps drive global transition to green energy
3 months, 3 weeks ago

Nation helps drive global transition to green energy

China Daily  

By ZHENG XIN | CHINA DAILY | Updated: 2024-08-30 07:04 An aerial drone photo taken on June 6, 2024 shows the wind power equipment at a low carbon-dioxide emission industrial park in Sheyang, Yancheng, East China's Jiangsu province. China's green energy development has become an engine for the global energy transition, which has substantially eased global inflation pressures while addressing …

Busting the myths of 'overcapacity'
4 months ago

Busting the myths of 'overcapacity'

China Daily  

Jin Ding/China Daily While benefiting the global energy transition and following a typical globalization path of multinational companies, Chinese companies have nonetheless been accused of "overcapacity" by Western politicians and subjected to heavy tariffs. Chinese EVs don't actually have a presence in the US market, yet politicians still use their imaginations to criticize China. US Commerce Secretary Gina Raimondo repeatedly …

Chinese electric vehicles: Overcapacity or advanced capacity?
4 months, 1 week ago

Chinese electric vehicles: Overcapacity or advanced capacity?

China Daily  

People visit the exhibition booth of BYD at an auto show in Xi'an, Northwest China's Shaanxi province, May 1, 2024. China, on the other hand, asserts that its EV industry represents advanced capacity that helps combat climate change and promote global green transition, and accuses Washington of undermining fair and free trade and competition. In the 1980s, Japan's semiconductor industry …

Chinese electric vehicles: Overcapacity or advanced capacity?
4 months, 1 week ago

Chinese electric vehicles: Overcapacity or advanced capacity?

China Daily  

People visit the exhibition booth of BYD at an auto show in Xi'an, Northwest China's Shaanxi province, May 1, 2024. China, on the other hand, asserts that its EV industry represents advanced capacity that helps combat climate change and promote global green transition, and accuses Washington of undermining fair and free trade and competition. In the 1980s, Japan's semiconductor industry …

Why new energy 'overcapacity' claims are false
4 months, 1 week ago

Why new energy 'overcapacity' claims are false

China Daily  

CAI MENG/CHINA DAILY Some Western nations have been touting the so-called "overcapacity "problem of China in recent years, alleging that China's "excess capacity" in the new energy sector has disrupted and threatened the international market. The term overcapacity refers to a scenario in which production capacity of an industry exceeds market demand and expected levels, indicating a disequilibrium in the …

Next-gen clean tech key to China's carbon neutrality goal
4 months, 1 week ago

Next-gen clean tech key to China's carbon neutrality goal

China Daily  

An employee operates carbon capture, utilization and storage equipment at a platform off Guangdong province in May 2023. MAO SIQIAN/XINHUA The clean energy industry contributed 11.4 trillion yuan to China's economy last year, accounting for 9 percent of the country's GDP and contributing 40 percent to its GDP growth. The clean energy industry has been one of the main drivers …

Secrets behind global success of Chinese EVs
4 months, 4 weeks ago

Secrets behind global success of Chinese EVs

China Daily  

WANG XIAOYING/CHINA DAILY Editor's note: The world has undergone many changes and shocks in recent years. For this purpose, the China Watch Institute of China Daily and the National Institute for Global Strategy, Chinese Academy of Social Sciences, jointly present this special column: The Global Strategy Dialogue, in which experts from China and abroad will offer insightful views, analysis and …

Secrets behind global success of Chinese EVs
4 months, 4 weeks ago

Secrets behind global success of Chinese EVs

China Daily  

WANG XIAOYING/CHINA DAILY Editor's note: The world has undergone many changes and shocks in recent years. For this purpose, the China Watch Institute of China Daily and the National Institute for Global Strategy, Chinese Academy of Social Sciences, jointly present this special column: The Global Strategy Dialogue, in which experts from China and abroad will offer insightful views, analysis and …

Domestic support, diversified overseas strategies underlined for PV industry
4 months, 4 weeks ago

Domestic support, diversified overseas strategies underlined for PV industry

China Daily  

Technicians check photovoltaic boards at a solar power station in Yangquan, Shanxi province, on Tuesday. ZHU XINGXIN/CHINA DAILY Asia surpassed Europe as the largest export market for Chinese solar products in the first half of this year, the China Photovoltaic Industry Association said on Thursday. "In the first six months, major global photovoltaic markets such as the United States, Europe, …

EV: Keys for climate fight wins
5 months ago

EV: Keys for climate fight wins

China Daily  

WANG XIAOYING/CHINA DAILY Every summer is a reminder of the urgency of climate change. In 2023, the number had soared to 9.50 million, even though purchasing subsidies was started to be phased out from 2016 and completely done around 2022.The high penetration rate of new energy vehicles in China stems from its large production capacity and cost effectiveness, which functions …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

As EV tariff talks continue, China urges pragmatism
5 months ago

As EV tariff talks continue, China urges pragmatism

China Daily  

China-made new energy vehicles await shipment to Europe in Xiamen, Fujian province. JIANG KEHONG/XINHUA BEIJING/BRUSSELS — China has reiterated its stance on reaching a mutually acceptable solution to a trade spat involving Chinese electric vehicles exported to the European Union as talks between the two sides continue. Indispensable EVs There has been growing consensus that the world will require significantly …

China remains key to global auto industry
5 months, 2 weeks ago

China remains key to global auto industry

China Daily  

A new energy vehicle on display during a recent expo in Shanghai. CHINA DAILY Despite the European Union's imposition of provisional import tariffs on Chinese electric vehicles from Friday, China's robust market and manufacturing capabilities remain pivotal for the world's green transition and the strategies of international automakers, analysts and business leaders said. The German Association of the Automotive Industry …

China's EV sector continues to lead world's green transition
5 months, 3 weeks ago

China's EV sector continues to lead world's green transition

China Daily  

Visitors gather at the booth of BearingPoint during the sixth China International Import Expo in Shanghai in November, 2023. China's fast-growing electric vehicle sector will continue to lead the world's green transition and create enormous growth opportunities for upstream and downstream industries in both home and global markets in the years ahead, said foreign business executives. "This is evident in …

The Biden-Trump Fight Over EVs: A Breakdown
5 months, 3 weeks ago

The Biden-Trump Fight Over EVs: A Breakdown

Huff Post  

LOADING ERROR LOADING President Joe Biden sketched out his vision for the future of America’s auto industry during a visit to Detroit in late 2021. What Trump Is Saying About Biden’s EV Push Trump has made plain his opposition to Biden’s EV support, in speeches and in interviews ― and in the “Agenda 47” section of his campaign website, where …

China at forefront of fight against climate change
5 months, 4 weeks ago

China at forefront of fight against climate change

China Daily  

A participant takes a picture in front of a Formula E race car made of e-waste materials, which is on show at the 2024 Summer Davos in Dalian, Liaoning province. ZOU HONG/CHINA DAILY In the next five years, China's economic development will no longer lead to growth in carbon emissions and instead make a significant contribution to the global efforts …

Overcapacity? Not quite, but a result of natural development
6 months ago

Overcapacity? Not quite, but a result of natural development

China Daily  

CAI MENG/CHINA DAILY Two recent events have indicated escalating trade tensions in the clean-tech sector. On June 13, the European Commission announced the preliminary results of its ongoing investigation into so-called Chinese NEV subsidies, concluding that China's NEV value chain benefits from "unfair subsidization" that hurts EU rivals, and planning tentatively to impose extra tariffs ranging from 17.4 percent to …

Canada considering tariffs on Chinese-made EVs
6 months ago

Canada considering tariffs on Chinese-made EVs

Al Jazeera  

Canada is considering whether to impose import tariffs on Chinese-made electric vehicles and will seek the public’s opinion about the idea, Deputy Prime Minister Chrystia Freeland has said. On Monday, Freeland said the domestic car sector faced unfair competition from what she called China’s “state-directed policy of overcapacity,” and that Ottawa would open a 30-day public consultation period on July …

NEA head rips apart claims new energy industry has 'overcapacity'
6 months ago

NEA head rips apart claims new energy industry has 'overcapacity'

China Daily  

An employee works on a photovoltaics production line in Hefei, Anhui province. China's new energy industry does not have an "overcapacity" issue, said Zhang Jianhua, head of the National Energy Administration on Thursday. Zhang said: "Projections by the International Renewable Energy Agency indicated that by 2030, global PV capacity will surpass 5.4 billion kilowatts to meet the goal set by …

China is 15 years ahead of US in nuclear power: Report
6 months ago

China is 15 years ahead of US in nuclear power: Report

India TV News  

The US is as many as 15 years behind China on developing high-tech nuclear power as Beijing's state-backed technology approach and extensive financing give it the edge, a report said on Monday. "China’s rapid deployment of ever-more modern nuclear power plants over time produces significant scale economies and learning-by-doing effects, and this suggests that Chinese enterprises will gain an advantage …

Chinese cars making inroads Down Under
6 months, 1 week ago

Chinese cars making inroads Down Under

China Daily  

It was not all that long ago when Australian roads were dominated by cars from the United States, Europe, Japan and South Korea. He told China Daily: "At the time Australia still had a domestic car sector which made entry all that more difficult for new entrants to the market. "Chinese EVs are cheaper in Australia than in Europe or …

A nation supporting renewables, green transition should be commended
6 months, 1 week ago

A nation supporting renewables, green transition should be commended

China Daily  

People visit the 21st Guangzhou International Automobile Exhibition held in Guangzhou of Guangdong province, Nov 19, 2023. Without China's development in the renewable energy sector, the global progress on climate change would be much slower and more costly. China's new energy vehicle sales rose 33.5 percent year-on-year in April 2024, far outpacing the overall increase in vehicle sales, and the …

The brutal truth about the West’s war on Chinese electric cars
6 months, 1 week ago

The brutal truth about the West’s war on Chinese electric cars

The Telegraph  

Which companies will be hit the hardest by the European Union’s crackdown on Chinese electric vehicles? Western manufacturers such as Tesla and BMW – which make cars in China and then ship them to Europe – risk being the biggest losers from the EU’s tough new tariffs crackdown on EV imports. At least, that’s the counter-intuitive conclusion being drawn by …

European Commission puts brake on green transition
6 months, 1 week ago

European Commission puts brake on green transition

China Daily  

People visit the booth of Chinese carmaker Xpeng during the 2023 International Motor Show, officially known as the IAA MOBILITY 2023, in Munich, Germany, Sept 5, 2023. Despite the strong opposition of the Chinese side, the European Commission is expected to levy provisional duties on made-in-China electric vehicles from July 4, EU officials told Chinese automakers on Monday, without disclosing …

Green technologies and economy thrive on competition, not tariffs
6 months, 2 weeks ago

Green technologies and economy thrive on competition, not tariffs

China Daily  

People visit the booth of Chinese carmaker Xpeng during the 2023 International Motor Show, officially known as the IAA MOBILITY 2023, in Munich, Germany, Sept 5, 2023. Before going deeper into the issue of possible new tariffs on China's EVs, it may be helpful to review the findings of the book "Prosperity Through Competition" by Ludwig Erhard, a former chancellor …

China's new-energy sector draws interest of global investors
7 months ago

China's new-energy sector draws interest of global investors

China Daily  

Tesla showcases its charging piles and electric vehicles at the 2023 Consumer Technology and Innovation Show on May 30 in Shanghai. Experts said China's fast-growing green technologies and its thriving new-energy market have heightened the country's magnetism for foreign investors, particularly auto firms keen on turbocharging the electrification trend. "The influx of investments by international carmakers has shed light on …

'Overcapacity' narrative against China aimed at fulfilling 'US-only' dream
7 months ago

'Overcapacity' narrative against China aimed at fulfilling 'US-only' dream

China Daily  

This photo taken on April 24, 2024 shows a new energy vehicle assembly line of BYD, China's leading NEV manufacturer, at the plant of BYD in Zhengzhou, Central China's Henan province. Shortly after US Treasury Secretary Janet Yellen's overcapacity narrative about China in April, the administration of US President Joe Biden announced plans to raise tariffs on Chinese electric vehicles …

Ways to sharpen EV sector's competitive edge
7 months ago

Ways to sharpen EV sector's competitive edge

China Daily  

Employees work on the assembly line of a new energy vehicle manufacturer in Chongqing. However, some Western politicians and media have been hyping China's "overcapacity" in the EV sector, which is nothing but a ploy to use trade protectionist policies to overprotect their industries and contain China's industrial development. According to China Association of Automobile Manufacturers data, in 2023, China's …

Protectionism will drive green transition to dead end: China Daily editorial
7 months ago

Protectionism will drive green transition to dead end: China Daily editorial

China Daily  

US Treasury Secretary Janet Yellen attends an interview with Reuters Editor in Chief Alessandra Galloni in Washington, April 25, 2024. US Treasury Secretary Janet Yellen, during her visit to Frankfurt, Germany, said on Tuesday that the US and Europe needed to respond to China's industrial overcapacity in a "strategic and united way" to keep manufacturers viable on both sides of …

Experts slam 'overcapacity' talk
7 months ago

Experts slam 'overcapacity' talk

China Daily  

Employees work at an auto production facility in Jinhua, Zhejiang province, in April. BEIJING — China's booming new energy vehicle sector recently drew scrutiny for purported "Chinese overcapacity" from certain Western nations. As a proactive response to the global green and low-carbon transition, China's thriving sectors like NEVs, wind power and photovoltaics have gained more prominence, Huo said. Huo noted …

Editorial: China embraced electric vehicles. The U.S. didn’t. Now we’re paying the price
7 months, 1 week ago

Editorial: China embraced electric vehicles. The U.S. didn’t. Now we’re paying the price

LA Times  

A BYD Seagull electric vehicle is displayed at the Caresoft Global facility in April in Livonia, Mich. For shoppers who want to buy an electric car but have been put off by the steep price tag, the news this week that President Biden has hiked tariffs on Chinese-made EVs to shut them out of the U.S. market is not good. …

Solar exec debunks 'overcapacity' claims
7 months, 1 week ago

Solar exec debunks 'overcapacity' claims

China Daily  

An employee works on a solar panel production line in Suqian, Jiangsu province. With persistent emphasis on technological innovation, China has fostered a robust and competitive solar power market, facilitating rapid growth of the new energy industry at home and abroad, said Li Xiande, chairman of JinkoSolar Holding Co Ltd, the world's largest solar panel producer by shipments. The global …

The power source of China's new energy industry
7 months, 1 week ago

The power source of China's new energy industry

China Daily  

A view of Chinese carmaker BYD's assembly line of new energy vehicles in Zhengzhou, Henan province. These lively scenes vividly depict the robust growth of China's new energy sector, igniting global curiosity about its unprecedented ascent. In 2023, both production and sales of China's new energy vehicles exceeded 9 million units, maintaining its position as the global leader for nine …

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