Chinese solar inverter maker Deye to invest US$150 million in Malaysia manufacturing base

Quick Summary:

Company plans to set up a subsidiary in Malaysia to make solar photovoltaic equipment and energy storage products.

Chinese solar and electric vehicle (EV) companies have been tapping into Southeast Asia to expand overseas and circumvent trade restrictions from the US and European Union that seek to protect local industries and stop cheap imports from flooding the market.

The company said the planned investment needs approvals from the Chinese and Malaysian governments.

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Article Details

Author / Journalist: Yujie Xue

Category: Business

Markets: Hong KongMalaysia

Topics: Trade Malaysia Company Environment Solar Subsidiary Expand Chinese International Power Equipment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 12:36:55 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 174 words

Reading Time: 1 minutes read

Sentences: 5 lines

Sentence Length: 35 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 24488985

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