Chinese manufacturers offering prices up to 200% lower, says WoodMac

China-based renewable manufacturers are offering prices up to 200% lower than Western players in major competing markets, with over 65% of global demand supplied by Chinese manufacturers. Chinese companies are increasing renewable product exports with a focus on competitive prices and production capacity domination. Chinese manufacturers are targeting overseas markets to become regional manufacturing hubs, despite challenges such as high development risks and uncertain revenue flows.

Source:

https://www.pv-magazine.com/2024/05/27/renewable-manufacturing-costs-up-to-200-lower-in-china-says-woodmac/

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