INDUSTRY BRIEF: Polysilicon makers launch new joint venture to tackle oversupply
Several leading Chinese polysilicon makers have launched a new company that could help to address overcapacity plaguing the sector, Caixin reported on Wednesday. The move marks the latest step in…
Cango looks past its bitcoin phase to a future as AI infrastructure operator
After booming for much the first year in its pivot to bitcoin mining, the company is looking ahead to a future of creating a ‘global, distributed AI compute grid’ Key…
BRIEF: CNGR falls in trading debut after weak pricing
Shares of new energy materials producer CNGR Advanced Materials Co. Ltd. (2579.HK) opened flat in their Hong Kong trading debut on Monday, and then fell during the morning session to…
From green energy to property woes, China turns to financial engineering
Solar and wind farm builder Xinte announces plans to start collateralizing its assets using asset backed securities. And China International Travel is spinning off its real estate business.
Sungrow powers up to meet soaring demand from AI data centers
The Chinese maker of photovoltaic inverters is tapping investors to fund a deeper push into the energy storage and supply business as AI demand takes off Key Takeaways: The company…
BRIEF: China market drives Niu’s strong third-quarter sales growth
Electric scooter maker Niu Technologies (NIU.US) announced on Monday that it sold 465,873 units in the third quarter, up 49.1% year-on-year, on especially strong performance in China. The company’s domestic shipments reached…
Shandong Hi-Speed stock soars, then plunges in mystery power play
The data center and green power investor’s shares surged more than 200% in the year through July, but gave back all those gains and more with a nearly 80% plunge…
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