Asia-Pacific ETP News for the Past 14 days
China's plan to get around Western tariffs: Fill the world with factories
October 5, 2024-In response to the trade war, the Asian giant is investing billions of dollars abroad in plants, especially in industries linked to the energy transition |
| Every so often, an agreement is announced to lay the groundwork for a production plant that will churn out electric vehicless, batteries, electrolyzers for the production of green hydrogen, or solar panels. This is happening across the world, including in Spain, Brazil, Germany, Vietnam, Mexico, Turkey and Hungary.
The new trend speaks to the international vocation of Beijing, which seeks to lead a sector in which it sees itself as being one step ahead of its competitors, due to its technological capacity and productive power. It wants to reach all corners of the planet, so as to be close to key markets. |
