In a recent interview with Bloomberg, Andrew Freris, CEO of Ecognosis Advisory, dismissed allegations of excess capacity in China's new energy manufacturing sector as \"nonsensical.\"
Freris argued that the notion of overcapacity is unfounded, highlighting the robust demand and strategic growth within the industry. \"If excess capacity is the case, then Elon Musk must have excess capacity coming out of his ears because apparently he's exporting quite a lot of his output,\" he remarked, drawing a parallel to underscore his point.
This perspective challenges the narrative that China's new energy sector is burdened by surplus production, suggesting instead that the industry is poised for continued expansion and innovation. Freris's insights reflect a broader optimism about the sustainability and global competitiveness of China's renewable energy initiatives.
As the world increasingly shifts towards sustainable energy solutions, the stance taken by industry leaders like Freris provides valuable context for investors, policymakers, and global citizens alike.
Reference(s):
cgtn.com
