At the start of 2026 there was an air of uncertainty about China’s clean technology industry.
Companies such as electric vehicle maker BYD and battery giant CATL had enjoyed years of strong growth as China stole a march on the global transition to electrified transport. But they now face considerable challenges both at home and abroad.
In China, the sector’s growth was being affected by the phaseout of subsidies as well as crackdowns on companies’ poor treatment of suppliers, unsustainable price competition and over-investment by local governments.
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