3 d. ago Overseas expansion adds fuel to Chinese energy storage firms’ hunt for bosses

Openings at overseas energy storage operations flood John Yang’s screen anytime he browses recruitment websites, with listed giants and small and medium-sized enterprises (SMEs) alike offering salaries well above those typically found in China’s manufacturing sector. “Job seeking has never felt easier. The only worry is whether the new role could last beyond next year,” joked Yang, Thailand director at a Shenzhen-based energy storage firm. Yang’s experience reflects the recent, rapid overseas...

Economics

4 d. ago Chinese EV maker Li Auto eyes global market with Hong Kong base

Chinese electric-vehicle (EV) maker Li Auto has set up its international headquarters in Hong Kong, paving the way for its overseas expansion amid intensifying competition at home. The Hong Kong operations would serve as a strategic base for the Beijing-based carmaker to “oversee its research and development [R&D], intellectual property management and international supply chain functions”, said InvestHK, the Hong Kong government’s investment promotion arm, in a statement on Thursday. Li Auto,...

Politics

1 week ago US judge blocks Trump’s deployment of National Guard in Illinois

A federal judge in Chicago on Thursday temporarily blocked US President Donald Trump’s deployment of hundreds of National Guard soldiers in Illinois, five days after another US judge blocked a similar deployment in Portland, Oregon. US District Judge April Perry said that permitting Guard troops in the state would only “add fuel to the fire”, after hearing more than two hours of arguments from lawyers for the US government and the state of Illinois, which sued the Trump administration over the...

Politics

2 w. ago Chinese solar inverter and energy storage giant Sungrow seeks Hong Kong IPO

Sungrow Power Supply, the world’s largest producer of solar inverters and energy storage systems, has joined a growing number of mainland Chinese companies seeking to float shares in Hong Kong, taking advantage of the city’s stock market boom. Based in Hefei, the capital of eastern Anhui province, Sungrow led the world with 870 gigawatts of cumulative installed capacity of inverters – devices that convert the power produced by solar panels into a format of electricity that can be consumed by...

Politics

2 w. ago Lithuania keeps energy sector wary of Chinese components despite seeking thaw with Beijing

Lithuania keeps energy sector wary of Chinese components despite seeking thaw with Beijing  LRT

Events

3 w. ago Chinese solar panels rewire Africa for the future at record pace as costs fall

African solar energy use is surging, with Chinese-made panels a common sight across the continent, on rooftops and in the massive renewable energy plants being built in countries such as Algeria and South Africa by companies from China. An Oxford Economics study released on Monday showed the continent welcomed a record 9,516 megawatts worth of Chinese-made solar panels in the first seven months of this year, from just 6,625MW in the same period last year. The trend reflects how Africa is...

Politics