Latest news with #Yicai
Straits Times
21 hours ago
- Business
- Straits Times
China's industry ministry to meet solar firms for more price war talks, state media reports
Sign up now: Get ST's newsletters delivered to your inbox The closed-door meetings will discuss measures to address overcapacity in the solar cell, module and others. BEIJING - China's industry ministry will meet with solar firms on Aug 20 and Aug 21 for further talks on how to rein in the their price war and deal with excess capacity in the sector, state-owned media outlet Yicai reported. The closed-door meetings will discuss measures to address overcapacity in the solar cell, module, silicon wafer, and polysilicon segments of the supply chain, according to the Yicai report. That follows a meeting on Aug 19 – at least the second in as many months – that included representatives from the Central Social Work Department, the National Development and Reform Commission, the state-owned assets regulator, the energy regulator and power generating companies. Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan (S$9 billion) fund to acquire and shut down roughly a third of production capacity and restructure part of the loss-making sector. REUTERS
Reuters
a day ago
- Business
- Reuters
China's industry ministry to meet solar firms for more price war talks, Yicai reports
BEIJING, Aug 20 (Reuters) - China's industry ministry will meet with solar firms on Wednesday and Thursday for further talks on how to rein in the their price war and deal with excess capacity in the sector, state-owned media outlet Yicai reported. The closed-door meetings will discuss measures to address overcapacity in the solar cell, module, silicon wafer, and polysilicon segments of the supply chain, according to the Yicai report. That follows a Tuesday meeting - at least the second in as many months - that included representatives from the Central Social Work Department, the National Development and Reform Commission, the state-owned assets regulator, the energy regulator and power generating companies. Chinese producers of polysilicon, a building block for solar panels, are in talks to create a 50 billion yuan ($7 billion) fund to acquire and shut down roughly a third of production capacity and restructure part of the loss-making sector.
Business Times
22-06-2025
- Automotive
- Business Times
Tesla to build first grid-scale power plant in China
[NEW YORK] Tesla announced on Friday (Jun 20) that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid resources, and 'effectively solve pressures relating to urban power supply', Tesla said in a post to the Chinese social media platform Weibo. 'After completion, this project is expected to become the largest grid-side energy storage project in China,' Tesla added. Such energy storage systems help to enhance stability in the electricity grid at a time when there are greater supplies of solar and wind power. Chinese media outlet Yicai reported that Tesla Shanghai, Shanghai authorities and China Kangfu International Leasing held a signing ceremony on Friday for the project. It added that the deal involved investments of four billion yuan (S$715 million). The contract comes at a moment of tension between Washington and Beijing, with the two sides yet to hash out a long-term trade agreement following tariffs announced by US President Donald Trump. China and the United States negotiated a 'framework' agreement in London earlier this month following two days of marathon talks. AFP
eNCA
21-06-2025
- Automotive
- eNCA
Tesla to build first grid-scale power plant in China
NEW YORK - Tesla announced that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid resources, and "effectively solve pressures relating to urban power supply," Tesla said in a post to the Chinese social media platform Weibo. "After completion, this project is expected to become the largest grid-side energy storage project in China," Tesla added. Such energy storage systems help to enhance stability in the electricity grid at a time when there are greater supplies of solar and wind power. Chinese media outlet Yicai reported that Tesla Shanghai, Shanghai authorities and China Kangfu International Leasing Co. held a signing ceremony Friday for the project. It added that the deal involved investments of 4 billion yuan ($560 million). The contract comes at a moment of tension between Washington and Beijing, with the two sides yet to hash out a long-term trade agreement following tariffs announced by President Donald Trump.
New Straits Times
21-06-2025
- Automotive
- New Straits Times
Tesla inks US$560m power deal in China
NEW YORK: Tesla announced Friday that it signed an agreement to build its first grid-scale energy storage power station project in mainland China. The project will help with the flexible adjustment of grid resources, and "effectively solve pressures relating to urban power supply," Tesla said in a post to the Chinese social media platform Weibo. "After completion, this project is expected to become the largest grid-side energy storage project in China," Tesla added. Such energy storage systems help to enhance stability in the electricity grid at a time when there are greater supplies of solar and wind power. Chinese media outlet Yicai reported that Tesla Shanghai, Shanghai authorities and China Kangfu International Leasing Co. held a signing ceremony Friday for the project. It added that the deal involved investments of 4 billion yuan (US$560 million). The contract comes at a moment of tension between Washington and Beijing, with the two sides yet to hash out a long-term trade agreement following tariffs announced by President Donald Trump. China and the United States negotiated a "framework" agreement in London earlier this month following two days of marathon talks.--AFP
