Widening Horizons for New Energy Investors

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A struggle for dominance in the fast-growing electric vehicle charging business is pitting some of China's biggest state-owned companies as a domestic "new energy" movement – from battery-making to wind power – gathers steam.
One battle is being played out in Shenzhen, where China National Offshore Oil Corp. (CNOOC) and Putian Group have teamed up to take on a regional power distribution monopoly, China Southern Power Grid.