War accelerates the global energy transition, drawing attention to China's new energy sector

DoomCanister · 2026-03-28T16:26:22+00:00

Every Day News reported that recently, the US, Israel, and Iran wars have caused drastic fluctuations in fossil fuel prices, and the energy security crisis continues to intensify. More countries and companies are refocusing on new energy sources. At this critical moment to fill the gap, many multinational companies have shown strong interest in China's new energy sector.Li Xiang, Vice President of the Ordos Energy Research Institute at Peking University, who previously served as a project officer at the International Energy Agency (IEA) China Liaison Office, recently told the Daily Economic News that foreign companies' demand for Chinese wind and solar products and new energy electric vehicles has significantly increased, indirectly creating greater overseas investment opportunities for Chinese companies. Currently, as global energy security issues become more prominent, countries with insufficient self-sufficiency in oil supply need to accelerate energy transition, which requires a large amount of advanced and cost-controlled equipment. This precisely benefits Chinese...

DoomCanister

2026-03-28 16:26:22

Everyday News Recently, the war between the U.S. and Israel and Iran has caused sharp fluctuations in fossil energy prices, highlighting the ongoing energy security crisis. More countries and companies are refocusing their attention on new energy sources. At this urgent juncture of filling the gap, many companies have shown strong interest in China’s new energy sector.

Li Xiang, deputy director of the Ordos Institute of Energy Research at Peking University and former project officer at the China Liaison Office of the International Energy Agency (IEA), stated in an interview with a reporter from the Daily Economic News that the demand from foreign companies for Chinese wind and solar products as well as new energy electric vehicles has significantly increased, indirectly creating greater overseas investment opportunities for Chinese companies. As global energy security issues become more pronounced, countries with insufficient oil supply self-sufficiency need to accelerate their energy transition, which requires a large amount of advanced and cost-effective equipment, providing a good opportunity for Chinese companies to expand abroad.

Cover image source: Daily Economic News

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