China eyes steps to ease solar panel industry price war
Government looks to maintain country's 80% share by addressing capacity glut
China's domination over solar panels covers the entire supply chain, from raw materials to the finished product. © Reuters
KOHEI FUJIMURA
DALIAN, China -- The Chinese government is cracking down on price competition in solar panels, looking to bolster the sustainability of an industry in which China holds global dominance, but that is deteriorating due to oversupply.
"We will comprehensively manage the disorderly low-price competition," Li Lecheng, China's minister of industry and information technology, said at a roundtable discussion on Thursday with the heads of related companies and industry groups.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Nikkei Asia
38 minutes ago
- Nikkei Asia
China's Hesai appeals US court ruling supporting blacklist inclusion
Hesai Group's Shanghai headquarters. The company's Nasdaq shares jumped last month after Xiaomi reported that its newest electric vehicles which are installed with Hesai sensors received more orders than expected. © Reuters WATARU SUZUKI SHANGHAI -- Hesai Technology, the Chinese producer of light detection and ranging (LiDAR) sensors used in vehicles, said Monday it has appealed a U.S. court ruling that upheld the Department of Defense's decision to include it on a military blacklist. The department added Hesai in January 2024 to Section 1260H, which is a list of entities it claims are affiliated with the Chinese military. The company was removed from the list in October, only to be immediately added again, according to court filings. Hesai challenged the designation in court, arguing it was "arbitrary and capricious" and insisted that it did not have military links.
Nikkei Asia
2 hours ago
- Nikkei Asia
Honda, Nissan to create common operating system for next-gen cars
Nissan and Honda, whose merger talks collapsed earlier this year, have continued to work together in a number of areas, including automotive software development. Nikkei staff writers TOKYO -- Honda Motor and Nissan Motor have entered into discussions to standardize the basic software that controls their vehicles to try to catch up to Chinese electric vehicle makers and Tesla of the U.S, Nikkei has learned. The two Japanese companies plan to introduce vehicles equipped with a new operating system by the late 2020s. In December 2024, the two carmakers entered talks to form the world's third-largest automotive alliance. Although the negotiations collapsed due to differences over terms, discussions on collaboration continued. With a shared goal on software integration, the partnership is moving forward.
Nikkei Asia
4 hours ago
- Nikkei Asia
Pakistan courts Chinese investors ahead of $250m panda bond debut
Bonds Move aims to cut borrowing costs and enter China's financial markets Issuances of panda bonds -- yuan-denominated bonds issued by foreign entities to raise money in China's domestic bond market -- hit $26.5 billion in 2024, marking an annual record, according to Deutsche Bank Research. © Reuters ADNAN AAMIR ISLAMABAD -- Pakistan is making all-out efforts to prepare its first-ever panda bond issuance this year, with its finance ministry holding a non-deal roadshow last week in Beijing to attract investment. "The ministry's delegation engaged in technical discussions with potential investors, underwriters, prospective guarantors, the Chinese Rating Agency, and Chinese legal counsel as part of the pre-marketing process for the debut issuance," Khurram Schehzad, adviser to the minister, posted on X.
