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Mining is the only sector of the economy showing consistent profits this year. The biggest gains are in coal, and oil and gas, but lithium and silicon miners are enjoying windfalls thanks to the electric vehicle and solar energy industries, and copper and uranium mining have been lucrative, too.
Business briefs from the Chinese media — Wednesday August 24
The whole world is suffering from extreme weather and China is no exception as droughts threaten hydropower and companies that depend on it, and floods and heat waves disrupt daily life and the economy.
China’s photovoltaic industry is expanding at light speed, and the bosses of photovoltaic companies are now some of China’s richest men. But a shortage of microchips and an increasingly complex global trade environment could throw some shade on the industry.
China’s electric vehicles are competing directly with the best foreign cars, and a new company with an extraordinary pedigree has entered the market.
This week on the Caixin-Sinica Business Brief: Sino-U.S. relations continue to suffer in the aftermath of U.S. House Speaker Nancy Pelosi’s controversial trip to Taiwan;...
The small number of approved battery recycling companies can’t get their hands on retired batteries, which are mostly disappearing into small and often unsafe workshops.
With its five subsidiaries and a skillful boss, GCL Group has moved on from the dead-end of photovoltaic plants to new green tech, notably granular silicon and battery swaps.
Henry Sanderson is one of the world’s leading experts on the geopolitics of electric vehicles and low carbon power. He told me all about China’s domination of the supply chains for the cars, the batteries that make them go, and what everyone needs to understand about the global race for EV dominance.