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Chinese Photovoltaic Cell Exports to U.S. Surge 346 Percent Last Month
Exports of Chinese photovoltaic cells to the United States reached $39.96 million in May, up 346 percent year on year. Lithium-ion battery shipments rose 20.8 percent to $780 million while lead-acid battery exports climbed 151 percent to $6.72 million.
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Chinese photovoltaic cell exports to the United States reached $39.96 million last month, a 346 percent increase from the same period a year earlier, OilPrice.com reported. Lithium-ion battery shipments rose 20.8 percent year on year to $780 million, and lead-acid battery exports increased 151 percent to $6.72 million. The gains occurred after President Trump traveled to Beijing last month.
com reported that the visit followed the February start of the United States’ and Israel’s war in Iran, which closed the Strait of Hormuz to one-fifth of global crude oil and oil product flows. com reported. com that energy security concerns are reinforcing the shift toward clean energy.
-China trade ties after the Beijing visit have supported the increased flow of Chinese components into American clean energy projects.
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