China’s energy tech stocks rise on AI-driven growth hopes
China's energy tech stocks are surging due to AI-driven demand for power equipment. Battery makers like CATL and energy-storage suppliers such as Sungrow are experiencing significant growth, with shares rising 45% and 130% respectively. Despite US tariffs, China's exports of batteries and energy-storage systems remain strong, driven by higher profit margins abroad. The US continues to rely heavily on Chinese imports, with 60% of lithium-ion battery imports coming from China. The demand for AI power needs is increasing, and China's speed and pricing give it a competitive edge in global supply chains.
Cryptopolitan·
