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@ISIDEWITH submitted…11hrs11H
China's cost to produce solar panels has plummeted 42% in the last year, according to a report published on Thursday, giving manufacturers there an enormous advantage over rivals in places like the United States and Europe.The dramatic decline comes as the world's largest solar panel producer has ratcheted up production capacity this year while the United States is incentivizing its own small industry to take on China. U.S. producers are concerned the wave of new factories could make their own uneconomical.China accounts for 80% of the world's solar manufacturing capacity, according to the analysis by energy research firm Wood Mackenzie shared with Reuters. In a separate analysis last month, Wood Mackenzie said China was expected to dominate the global solar supply chain for much of the next decade.China's panel production cost has dropped to 15 cents per watt this year, more than 60% below the U.S. price of 40 cents per watt, according to the report. A year ago, Chinese panels cost 26 cents per watt.Europe's production cost stands at 30 cents per watt, while India's is 22 cents per watt, according to Wood Mackenzie.
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Panels??? We don't need more panels! We need batteries, a way to store electricity.
Germany has launched an 11th-hour bid to avert a full-scale trade war between Europe and China, resisting French calls to hit Chinese electric vehicles with punitive duties.The EU now charges a 10 percent tariff on all car imports — below China’s 15 percent. Realizing that it won’t be able to avert the tariffs, Germany is now pushing to keep them as low as possible, ideally on a reciprocal level that China also imposes on the EU — meaning 15 percent.“Something around 20-30 percent would give European manufacturers some breathing space to accelerate their investments in the sector and maintain their market share in Europe,” Elvire Fabry, senior research fellow at the Jacques Delors Institute in Paris, said.Yet even the highest rumored duty — 25 percent — would not be enough to deter Chinese brands thanks to their huge cost and technology advantages. Chinese EV sales into Europe grew by 23 percent, to nearly 120,000 units, in the first four months of this year.“They can lower their prices and continue to be competitive. We’ve seen that happen in France already,” Matthias Schmidt, a European auto analyst, said.
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The U.S. Department of Justice has intervened in a lawsuit against Alabama's new law that restricts certain absentee voting practices, labeling them as criminal. This law, defended by its supporters as a measure against ballot harvesting, has sparked controversy and legal challenges. The plaintiffs…
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Shanghai Tesla was able to complete a new factory (from groundbreaking to the 1st car rolling off the production line) i…
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