China’s clean tech firms signal windfall from Gulf energy shock

A BYD Atto 2 EV in the showroom in the Mayfair district of London
| Bloomberg
Threads
Email
Print
Bookmark story
Copy link
Chinese clean‑tech manufacturers are beginning to benefit from the supply crunch in the Persian Gulf, as rising oil and natural gas prices and a renewed emphasis on energy security boost demand for batteries and electric vehicles.More than six weeks after U.S
and Israeli strikes on Iran effectively shuttered the Strait of Hormuz, customers hoping to shield themselves from the extra costs are increasingly turning to greener solutions.Ningbo Deye Technology, a major producer of energy storage systems and inverters, said last week it expects first-quarter profit to climb as much as 70% on a surge in overseas orders
Meanwhile, exports of Chinese-made electric vehicles and hybrids more than doubled in March to a record 349,000 units, as higher fuel prices renew the appetite for alternatives to gasoline-powered cars.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.By subscribing, you can help us get the story right.

SUBSCRIBE NOW
With your current subscription plan you can comment on stories
However, before writing your first comment, please create a display name
in the Profile section of your subscriber account page.

Your subscription plan doesn't allow commenting
Jehovah's Witnesses followers sue Japanese government
Debt-laden Japan should review spending on gender equality, survey finds
Japanese researchers look at 800-year-old books and trees for signs of extreme solar events
At Ueno Station, ‘Freedom’ restored
Shoes possibly worn by missing boy found in Kyoto mountains
Where Tokyo goes to sweat and soak
Tokyo’s sake calendar is filled to the brim
Japan’s tighter immigration controls yielding results
Beijing row highlights need for Japan to reduce cleantech dependence on China
Kabukicho: Tokyo’s ‘stadium of desire’
Japan’s temples and shrines are testing the limits.

Revitalizing rural Japan, one step at a time - Paul Christie
Sponsored contents planned and edited by JT Media Enterprise Division.

Japan and Pakistan agree to cooperate on Middle East issues
7 hours ago
Opposition calls for prior notification to parliament over arms exports
9 hours ago
BOJ's Ueda calls for vigilance against impact of Middle East war
10 hours ago
Futenma base site not yet returned to Japan, 30 years on
10 hours ago
Keidanren proposes setting up fiscal institution in parliament
10 hours ago