Chinese Energy Firms Urge Policy Stability Amid Rising US Geopolitical Risks

Chinese energy firms have called for policy stability in overseas markets as their global investments face mounting geopolitical risks amid headwinds from the oil crisis.

Both companies have come under fresh pressure in the US market in the past two months.

Sungrow, the world’s second-largest energy storage system maker, was hit by a US import ban targeting foreign-made inverters, while EVE, the seventh-largest electric vehicle (EV) battery supplier globally, is being probed by the US International Trade Commission over a patent complaint filed by South Korea’s LG Energy Solution.

“Geopolitics can, in fact, be rather irrational at times and there are often misunderstandings regarding companies like ours which are entirely privately owned,” said Cai Zhuang, general manager of product business at Hefei-based Sungrow, at a BloombergNEF event.