Yellen has made the threat of China''s excess production of electric vehicles (EVs), solar panels and other clean energy products to producers in the US and other countries a focus of her...
The spokesman reiterated that the competitive edge in China''s new energy sector, such as electric vehicles, lithium batteries and photovoltaic products, is not a result of "subsidies". Instead, the sector''s rapid growth is built on ongoing technological innovation, a sound supply chain and robust market competition, Wang said.
Treasury officials say that they fear that elevated Chinese production targets are causing its firms to produce far more electric vehicles, batteries and solar panels than global markets can
Yellen has made the threat of China''s excess production of electric vehicles (EVs), solar panels and other clean energy products to producers in the US and other countries a focus of her...
During a separate meeting on Friday with the governor of Guangdong Province, Wang Weizhong, Ms. Yellen recalled that Guangzhou was historically a hub for Chinese trade and a place that was at the
U.S. Treasury Secretary Janet Yellen tells China''s Vice Premier He Lifeng that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among
According to the International Energy Agency, the global demand for new energy vehicles in 2030 will reach 45 million units, which is 4.5 times that of 2022, and at the same time, the global
U.S. Treasury Secretary Janet Yellen touted clean energy investments on Wednesday at a Tennessee electric vehicle battery plant benefiting from tax incentives in President Joe Biden''s...
Photovoltaic (PV) technology has witnessed remarkable advancements, revolutionizing solar energy generation. This article provides a comprehensive overview of the recent developments in PV
After years of clean energy investment, China has an excess of solar power, EVs and lithium-ion batteries, allowing it to export those products at cheaper prices to markets
And while new battery brands and models are hitting the market at a furious pace, the best solar batteries are the ones that empower you to achieve your specific energy goals. In this article, we''ll identify the best
Yellen expressed worries that this overcapacity could harm US industries. A particular focus of attention on the overcapacity debate has been China''s "new three" sectors of solar power, electric vehicles (EVs) and lithium batteries – products that are also central to China''s and the world''s low-carbon energy transition.
U.S. Treasury Secretary Janet Yellen tells China''s Vice Premier He Lifeng that the two countries should closely communicate on industrial overcapacity and economic actions related to national security as among issues of concern.
WASHINGTON (AP) — Treasury Secretary Janet Yellen called out China''s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it unfair competition that "distorts global prices" and "hurts American firms and workers, as well as firms and workers around the world."
After years of clean energy investment, China has an excess of solar power, EVs and lithium-ion batteries, allowing it to export those products at cheaper prices to markets around the world....
U.S. Treasury Secretary Janet Yellen touted clean energy investments on Wednesday at a Tennessee electric vehicle battery plant benefiting from tax incentives in President Joe Biden''s...
WASHINGTON (AP) — Treasury Secretary Janet Yellen called out China''s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it
One of the issues raised by US Treasury Secretary Janet Yellen during her visit to China last month is the so-called overcapacity in China''s "new three" industries — new energy vehicles, lithium-ion batteries and photovoltaic products.
In 2023, more than half of new generation capacity added to the U.S. grid came from solar. This is the first time in 80 years that renewable energy comprised the majority of new capacity. It means greater energy security and economic security. And it''s a huge step forward on the path to achieving our climate goals.
RIL''s aim is to build one of the world''s leading New Energy and New Materials businesses that can bridge the green energy divide in India and globally. It will help achieve our commitment of Net Carbon Zero status by 2035.
The IEA predicts that by 2030, the demand for new energy batteries will skyrocket to 3,500 GWh, four times the global sales in 2023 and five times China''s production capacity. When it comes to photovoltaic products, we can turn to another international body: the International Renewable Energy Agency (IRENA).
One of the issues raised by US Treasury Secretary Janet Yellen during her visit to China last month is the so-called overcapacity in China''s "new three" industries — new energy vehicles, lithium-ion batteries and photovoltaic
China has slammed the United States for "bullying" and "trampling on market economy principles", dismissing US Treasury Secretary Janet Yellen''s recent remarks about China''s new energy sector.
Treasury officials say that they fear that elevated Chinese production targets are causing its firms to produce far more electric vehicles, batteries and solar panels than global markets can
The CEO of US solar tracker manufacturer Array Technologies said: "This case is bad news for clean energy jobs and American solar manufacturing. "We need to keep growing solar deployment to create jobs and bolster our energy independence. More duties will only cause uncertainty and unnecessary project delays, holding the US back in meeting
WASHINGTON (AP) — Treasury Secretary Janet Yellen called out China''s ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it unfair competition that...
In 2023, more than half of new generation capacity added to the U.S. grid came from solar. This is the first time in 80 years that renewable energy comprised the majority of
(AP Photo/Mariam Zuhaib) WASHINGTON (AP) — Treasury Secretary Janet Yellen is calling out China's ramped-up production in solar energy, electric vehicles and lithium-ion batteries, calling it unfair competition that “distorts global prices" and “hurts American firms and workers, as well as firms and workers around the world.”
Yellen has made the threat of China's excess production of electric vehicles (EVs), solar panels and other clean energy products to producers in the US and other countries a focus of her second visit to China in nine months.
Following months of work to reopen communication with China, Ms. Yellen lodged a direct complaint: Cheap Chinese exports of green energy technology are threatening the electric vehicle and solar sectors that the United States has been trying to develop, and the Biden administration is prepared to protect them.
Yellen delivered remarks Wednesday afternoon at Suniva — a solar cell manufacturing facility in Norcross, Georgia. The plant closed in 2017 in large part due to cheap imports flooding the market, according to Treasury.
Yellen's remark at the opening of the meeting with He, China's economic policy chief, in Guangzhou, southern China, comes as she has expressed concerns about overproduction of Chinese electric vehicles that are flooding the global market, amid intensifying rivalry between the two nations.
The message represented a challenging test of economic diplomacy for Ms. Yellen. She wants China to dial back its industrial policy just as the United States is ramping up its own with trillions of dollars of subsidies for domestic clean energy industries.
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