China’s ‘involuted’ new-energy industry is awash with overcapacity that could stall new economic driver (www.scmp.com)
from naturalgasbad@lemmy.ca to world@lemmy.world on 14 Dec 2023 01:47
https://lemmy.ca/post/11281879

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naturalgasbad@lemmy.ca on 14 Dec 2023 01:47 next collapse

Domestic demand is far from able to absorb all of the new EV batteries and solar panels, so Chinese manufacturers have little choice but to sell overseas – if they can

Rivalarrival@lemmy.today on 14 Dec 2023 05:41 collapse

I know of one industry that can profitably suck down any excess power you can produce.