Keep pulling the thread on Antoine Wagner-Jones.
In March 2026, Chinese battery exports increased by approximately 44% compared to the previous month.
In March 2026, Chinese exports of solar modules and cells combined nearly doubled compared to February 2026.
In April, China's battery electric vehicle exports reached a record 286,000 units, the highest monthly figure since data tracking began in 2017.
The world has significantly more manufacturing capacity for clean technology than is required by current and near-term demand.
The global oversupply of clean technology manufacturing capacity is compressing profit margins for manufacturers, leading to financial struggles, industry consolidation, and some bankruptcies.
BloombergNEF hypothesized that rising fossil fuel prices resulting from events like the Iran War would increase adoption rates of electric vehicles, renewables, and other energy transition technologies.
China exported approximately $14 billion worth of solar modules, solar cells, electric vehicles, and lithium-ion batteries in the last year.
Outside of China, Europe and the United States are the two largest demand centers for Chinese cleantech exports.
China does not export a significant number of electric vehicles to the US due to rules banning connected cars linked to China, high tariffs, and limits on tax credits for vehicles with Chinese components.
The United States imports a significant volume of batteries from China to support a boom in stationary energy storage, despite high tariffs.
The share of Chinese cleantech exports destined for emerging markets has been increasing annually over the last few years.
Last year, fossil fuel and gas product imports accounted for more than 3% of GDP for both Vietnam and the Philippines.