Daqo goes ‘back to the future’ with AI power equipment gamble
The polysilicon maker will partner with the Kunshan government to build a 6 billion yuan base producing electrical equipment to power AI data centers Key Takeaways: Daqo and the Kunshan…
After years on the sidelines, VNET seizes on China’s AI moment with new CATL tie-up
China’s oldest independent data center operator is finding its footing in the AI era, helped by a new $1 billion investment from battery champion CATL Key Takeaways: Once a data…
NovaFusionX shines as China’s private sector answer to nuclear fusion
The company has raised $175 million in the year since its inception, including more than $100 million in its latest funding from an A-list of private equity investors Key Takeaways:…
Huaming rides power equipment boom to Hong Kong IPO
The Shenzhen-traded company has filed for a second listing in more internationally focused Hong Kong, seeking to tap soaring investor interest in power equipment stocks Key Takeaways: Huaming Power has…
INDUSTRY BRIEF: China green energy buildup continues, passes 2030 target
China added more than 350 GW of wind and solar power generation capacity last year, pushing its total installed capacity past its target for 2030 as it spends aggressively on…
BRIEF: JinkoSolar returns to the black as revenue keeps falling
Solar panel maker JinkoSolar Holding Co. Ltd. (JKS.US; 688223.SH) said on Wednesday it returned to profitability in the third quarter after falling into the red in the previous three-month period.…
BRIEF: China High Speed Transmission swings to red in first half of 2024
Wind power equipment maker China High Speed Transmission Equipment Group Co. Ltd. (0658.HK) warned on Tuesday that it expects to report a loss of up to 530 million yuan ($74…
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