Media365
China’s clean technology is “becoming the basis of the new energy system” around the world, with the country’s monthly green tech exports hitting a record US$20 billion in August, a European think tank said.
“Demand for clean technologies continues to skyrocket as more countries seek their benefits, from low-cost power to cheaper vehicles,” said Ember analyst Euan Graham.
Developing countries are playing a key role in driving the boom, as 51 per cent of the growth in China’s electric vehicle exports this year has come from nations outside the Organisation for Economic Co-operation and Development (OECD), according to the report.
China’s electrotech is becoming the basis of the new energy system, with continued cost reductions driving faster growth than ever
China’s EV exports to Africa nearly tripled, led by Morocco and a six-fold surge in sales to Nigeria. Exports to the Middle East rose by 72 per cent, while sales to Latin America and the Caribbean increased by 11 per cent.
