What?
China’s new energy industry is experiencing increased exports of electric vehicles, lithium batteries, and photovoltaic products, which are considered high-quality production capacity.
So What?
Contrary to claims of overcapacity, a Chinese state-run newspaper, the People’s Daily, argues that the world actually faces a shortage of such high-quality production capacity. China’s comparative advantages in these areas are attributed to a well-developed supply chain system, sustained technological innovation, and a competitive market.
What’s next?
The article emphasizes the need for all countries to objectively assess production capacity, considering market perspectives and economic laws. With China leading in industrial categories and manufacturing, its new energy products are in high demand globally for the green and low-carbon transition. The country’s advancements in technology and market competition contribute to the international competitiveness of its products. As the world shifts towards energy transition, China’s new energy industry is well-positioned to meet the increasing demand for high-quality and competitively priced products.
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Source: https://cnevpost.com/2024/04/30/china-new-energy-products-no-overcapacity-state-paper/