Chinese energy firms are urging for stable policies in overseas markets as their global investments encounter increased geopolitical risks, particularly amid the oil crisis. This sentiment was voiced by executives from Sungrow Power Supply and EVE Energy during a recent event in Hong Kong, where they highlighted that policy stability is crucial for their future expectations.
Sungrow, which ranks as the world’s second-largest energy storage system manufacturer, has faced challenges in the U.S. due to an import ban on foreign-made inverters. Likewise, EVE Energy, the seventh-largest electric vehicle battery supplier globally, is under investigation by the U.S. International Trade Commission over a patent complaint by LG Energy Solution from South Korea.
Cai Zhuang, Sungrow’s general manager, commented on the irrational nature of geopolitics, expressing concerns about misunderstandings surrounding their privately-owned company. He also refuted claims that their inverters could function as spyware, emphasizing the lack of clarity surrounding these allegations.
