European Wind Companies Seed Competitive Advantage To China

Chinese wind turbine companies have rapidly ascended to a market leading position in China. Five years ago they controlled a tiny percentage of their domestic market but today now control 85% of the domestic market and half of the $45 billion world wide market. The New York Times reported in an article how the larger European wind turbine leader like Gamesa and Vestas handed over their technology to the Chinese to gain access to the lucrative market.
Local rules required that wind turbines sold in China needed to be made with components made in China. This lead to a technology transfer from Vestas and Gamesa to local Chinese companies.
Read More: NYT - To Conquer Wind Power, China Writes the Rules

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