China's Solar Industry Pivots to Batteries, Space Projects After 2 Years of Losses
Updated
Updated · Bloomberg · Jun 5
China's Solar Industry Pivots to Batteries, Space Projects After 2 Years of Losses
3 articles · Updated · Bloomberg · Jun 5
Summary
Shanghai conference executives said China’s solar industry must seek new growth areas—including batteries and even space-based projects—as chronic overcapacity keeps crushing profits.
More than 2 years of losses have followed a relentless race among manufacturers to outbuild rivals, leaving the sector with a persistent glut it has struggled to absorb.
That oversupply has also driven solar-panel prices sharply lower, helping fuel a global clean-energy boom even as Chinese producers remain mired in red ink.
The shift in tone amounts to a tacit admission that the industry still lacks a clear way to escape chronic overcapacity within its core solar business.