Darius Tang Discusses China's Photovoltaic Industry Amid Trade War Dangers
Tuesday, 15 October 2024, 07:00
The Reality of China's Photovoltaic Sector
Darius Tang, an associate director at Fitch Bohua, highlighted the ongoing trade war affecting China's photovoltaic industry. Executives from the China Photovoltaic Industry Association gathered to discuss the 'vicious' competition harming the multibillion-dollar sector.
Strategic Measures for Recovery
- The industry is facing supply and demand imbalances.
- Chinese companies are exploring direct investments to bypass tariffs.
- Notable firms present included LONGi Green Energy, Tongwei, and JinkoSolar.
Challenges From Western Countries
- Increased tariffs from the US and EU threaten the profitability of Chinese firms.
- Several companies withdrew from European projects due to subsidy investigations.
- The price of solar products has fallen below production costs, causing significant distress.
Looking Forward
Experts argue that the photovoltaic industry must focus on mergers and acquisitions to stay competitive. Alberto Vettoretti emphasized the importance of acquiring foreign firms to enhance market reach in renewable energy.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.