Chinese new energy companies respond to European and American sanctions, Hungary may be a key breakthrough point
2024-05-16 17:30

Multiple sanctions imposed by Europe and the United States on China’s photovoltaic industry

In February 2024, Hanwha petitioned the U.S. Trade Representative to revoke the exemption for bifacial PV modules and reinstate solar tariffs to fend off competition from cheap products from Asia. On April 22, the European Commission's official gazette said that the ENEVO Group-LONGi Green Energy Consortium as the declarant contained foreign subsidies that "disrupted the market" in the bidding for PV parks in Romania.

April 24, to the U.S. photovoltaic enterprises as the applicant to submit an "anti-dumping and countervailing" application has been submitted to the U.S. International Trade Commission (USITC) and the Department of Commerce, involving Cambodia, Malaysia, Thailand, and Vietnam manufactured silicon solar cells and panels. In view of China's many photovoltaic enterprises in Southeast Asia to invest, the United States move the purpose of the obvious.

After years of development, China's photovoltaic industry is now in a leading position in the world, compared to more than a decade ago, raw materials, equipment, demand for "three out" passive situation, now China's photovoltaic manufacturing and photovoltaic power generation scale are ranked first in the world, China's photovoltaic has formed the world's most complete industrial chain.

Hungary may be a key breakthrough point

In recent years, China and Hungary have achieved a series of innovative results in green development fields such as photovoltaics, new energy vehicles and lithium batteries. Hungarian Prime Minister Viktor Orban promised when a high-level Chinese delegation visited Europe: "Hungary will continue to provide fair conditions for Chinese companies to invest in our country."

Photovoltaic industry: In 2021, the photovoltaic power station invested and built by China National Machinery Corporation in Kaposvár, Hungary, will be put into operation, with an annual power generation exceeding 140 million kilowatt hours. It is one of the largest new energy power generation facilities in Hungary. At the end of 2023, the Tisafide photovoltaic power station project in Hungary, jointly invested by China National Machinery Corporation and China Power International, started smoothly. After the project is put into operation, the average annual power generation is expected to be 75 million kilowatt-hours. In early 2023, Shanghai Electric Power also spent about 515 million yuan to win two large-scale photovoltaic projects in Hungary.

Automobile industry: In 2017, the electric bus factory established by BYD in Komarom, a city in northern Hungary, was officially put into production. In 2024, its new energy vehicle production base will also be in Szeged, Hungary. In 2022, NIO successfully launched its first overseas factory in the Biotorbagy region of Hungary, which is NIO's core base for charging product manufacturing, service, and R&D in Europe.

Power batteries: In 2022, Yiwei Lithium Energy Company officially announced plans to establish a manufacturing plant to produce new cylindrical power batteries in the Debrecen Industrial Zone, Hungary. In the same year, CATL also announced a major project to build the "Hungarian Times New Energy Battery Industry Base" in Debrecen, which is expected to become one of the battery factories with the largest production capacity in Europe upon completion. In addition, many Chinese power battery, and related materials companies, such as Enjie Co., Ltd., Huayou Cobalt Industry, and Sunwanda, have also begun to invest and build factories in Hungary.


Tags:BYD , lithium battery