Chinese firms seek policy stability for overseas energy expansion amid US trade probe
Executives from Sungrow and EVE Energy call for stable policies abroad as both face new pressure in the US market.
Sungrow Power Supply and EVE Energy executives called for policy stability in overseas markets at an event in Hong Kong on Tuesday. The companies stated that policy stability was their top expectation while facing mounting geopolitical risks linked to the oil crisis. Both firms reported fresh pressure in the US market over the past two months. Sungrow, the world's second-largest energy storage system maker, faced a US import ban targeting foreign-made inverters. EVE, the seventh-largest electric vehicle battery supplier globally, is being probed by the US International Trade Commission over a patent complaint filed by South Korea's LG Energy Solution. Cai Zhuang, general manager of product business at Hefei-based Sungrow, warned that geopolitics can be irrational and often leads to misunderstandings regarding privately owned companies. He added that his team does not know what 'ghost software' is when pushed back against claims that inverters could act as spyware.
