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

Ask AI · What opportunities are there for Chinese companies to go global in the energy security crisis?

By Daily Economic News reporter: Zhang Hong · Edited by Daily Economic News: Zhang Yiming

Daily Economic News, news: Recently, the war between the U.S. and Iran has triggered violent fluctuations in fossil fuel prices, and the energy security crisis has continued to stand out. More countries and companies are refocusing their attention on new energy. At the critical juncture of urgently filling supply gaps, companies in multiple countries have shown strong interest in China’s new energy.

Li Xiang, deputy director of the Ordos Energy Research Institute at Peking University, previously served as a project officer for the China Liaison Office at the International Energy Agency (IEA). In a recent interview with reporters from the Daily Economic News, he said that overseas companies’ demand for China’s wind and solar products and new-energy electric vehicles has increased significantly, indirectly creating broader opportunities for Chinese companies’ overseas investment. At a time when global energy security issues are becoming increasingly prominent, countries that lack self-sufficiency in oil supply need to accelerate their energy transition even faster. Since the transition requires large quantities of advanced equipment with controllable costs, this is precisely the right window for Chinese companies to go global.

Daily Economic News