Chinese exports of unassembled photovoltaic cells to the US surged 346% year-on-year to $39.96 million in May, driven by surging demand from America’s AI sector and energy-security fears linked to the Iran war.
Iran shut the Strait of Hormuz on June 20, citing Israeli strikes in Lebanon. President Trump responded by threatening to impose US tolls on the waterway unless a final deal is reached in two months.
A battery testing facility the size of 14 football pitches has opened in Xiamen, built by CATL at a cost of 3 billion yuan to push Chinese energy-storage systems to their limits and accelerate global grid deployment.