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Industry insiders say hyping up the “China New Energy Overcapacity Theory” is not conducive to international cooperation
Recently, some Western politicians and media have frequently hyped up the “China New Energy Overcapacity Theory,” particularly attacking China in the fields of new energy vehicles and photovoltaic products. Some professionals interviewed exclusively by Xinhua News Agency reporters said that the essence of such rhetoric is to politicize economic issues and is not conducive to international cooperation and the resolution of real problems.
People's Daily Heyin: The advantages of China's new energy industry are obtained through real skills
According to an article in the People's Daily, China's increased exports of electric vehicles, lithium batteries, and photovoltaic products are the result of international division of labor and market demand, reflecting the comparative advantages of China's new energy industry based on a perfect production and supply chain system, continuous technological innovation, and adequate market competition. The development of China's new energy industry is a process of accumulation and underdevelopment. The high-quality production capacity provided has enriched global supply, relieved global inflationary pressure, and promoted the global green and low-carbon transformation. From a global perspective, this kind of high-quality production capacity is not an excess, but a serious shortage. The world needs more of this kind of high-quality production capacity.
Express News | Chinese and foreign experts refute China's “overcapacity theory” of new energy
Express News | Chinese new energy companies invest in new photovoltaic production base in Saudi Arabia
Recently, with Industrial and Commercial Bank of China (Brazil) Co., Ltd. (ICBC Brazil) paying 160 million yuan of equipment contract progress payments to Chinese new energy equipment supplier Longji Green Energy Technology Co., Ltd., CGN Brazil Energy Ho
Recently, with Industrial and Commercial Bank of China (Brazil) Co., Ltd. (ICBC Brazil) paying 160 million yuan of equipment contract progress payments to Chinese new energy equipment supplier Longji Green Energy Technology Co., Ltd., CGN Brazil Energy Holdings Co., Ltd. (CGN Brazil) successfully implemented the first RMB import trade financing transaction.
Zhongyuan Securities released a research report on April 25 stating that it gave Hunan Yuneng (301358.SZ) an increase in holdings rating. The main reasons for the rating include: 1) short-term pressure on the company's performance; 2) China's NEV sales an
Zhongyuan Securities released a research report on April 25 stating that it gave Hunan Yuneng (301358.SZ) an increase in holdings rating. The main reasons for the rating include: 1) short-term pressure on the company's performance; 2) China's NEV sales and power battery production continue to grow, driving an increase in demand for cathode materials; 3) the company's LFP shipment growth rate is higher than the industry level, and shipments are expected to increase in 2024; 4) Focus on the progress of the company's non-public stock offering plan; 5) the stock incentive plan shows the company's confidence; 6) the company's profitability has declined significantly, and is expected to remain under pressure in 2024. (Mainichi Keizai Shimbun)
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