Caixin
May 17, 2024 09:45 AM
CX DAILY

CX Daily: EU Wind Power Probe Could Blow Chinese Expansion Plans Off Course-China

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In Depth: EU wind power probe could blow Chinese expansion plans off course

The EU’s recent probe into Chinese wind turbine suppliers has deepened uncertainty around these companies’ overseas expansion, which has become increasingly important as domestic demand slows.

On April 9, the European Commission announced it was investigating subsidies for companies that supply turbines to five European countries. This is just one of a series of probes into Chinese new energy firms that have kicked off in recent months, as the bloc looks to shelter local industries from cheaper competition.

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