{"id":88695,"date":"2024-12-17T00:00:00","date_gmt":"2024-12-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/17\/chinese-solar-player-deye-eyes-usd-150-mn-malaysian-manufacturing-hub\/"},"modified":"2024-12-17T00:00:00","modified_gmt":"2024-12-17T00:00:00","slug":"chinese-solar-player-deye-eyes-usd-150-mn-malaysian-manufacturing-hub","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/17\/chinese-solar-player-deye-eyes-usd-150-mn-malaysian-manufacturing-hub\/","title":{"rendered":"Chinese solar player Deye eyes USD 150 mn Malaysian manufacturing hub"},"content":{"rendered":"

China\u2019s major solar inverter maker <\/strong>Ningbo Deye Technology Co.<\/a><\/strong> is planning a<\/strong> USD 150 <\/strong>mn investment in Malaysia<\/strong>, Bloomberg<\/a> reports. The company plans to launch a Malaysia-based subsidiary that will set up facilities to produce photovoltaic equipment and energy storage products. The move, however, awaits regulatory greenlights from both the Chinese and Malaysian governments. <\/p>\n

(** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n

The rationale: <\/strong>The company said the plans are crucial to hedge against uncertainties stemming from the international trade environment and the macro environment. It said that the move will also help with expanding into new overseas markets. <\/p>\n

REMEMBER- The US is going after China\u2019s solar production bases in Southeast <\/strong>Asia<\/strong>:<\/strong> The US Commerce Department announced preliminary tariffs<\/a> on solar imports from Southeast Asia in October, claiming that the panels are benefiting from illegal foreign subsidies to supply products at prices lower than their cost. The general rates are 9.13% for imports from Malaysia, 23.06% for Thailand, 2.85% for Vietnam, and 8.25% for Cambodia. To avoid the tariffs, some Chinese players were reportedly considering shifting operations<\/a> to Indonesia and Laos. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company said the plans are crucial to hedge against uncertainties stemming from the international trade environment and the macro environment<\/p>\n","protected":false},"author":1,"featured_media":88696,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[71],"tags":[70,11,42],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88695","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-enterpriseclimate","tag-solar-energy","wpautop","entry"],"acf":{"mongo_id":"dec132b1-454e-4abd-b73b-79965d5c1163","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1580.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Chinese solar player Deye eyes USD 150 mn Malaysian manufacturing hub","related_issue":[88679],"teaser":"The company said the plans are crucial to hedge against uncertainties stemming from the international trade environment and the macro environment","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.a9944bf0-605e-4620-892e-6b7dbbd20c17.mp3"},"yoast_head":"\nChinese solar player Deye eyes USD 150 mn Malaysian manufacturing hub - 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