Chinese wind turbine companies sign pact to end race-to-the-bottom price war

China’s 12 leading wind turbine makers have signed a pact to end a domestic price war that has seen turbines sold at below cost price in a race to corner the market and which has compromised quality and earnings in the sector.

Photo: Kim Hansen

Oct 17, 2024

China’s leading wind turbine makers have signed a pact to end a domestic price war that has seen turbines sold at below cost price, compromising quality and earnings, in a race to corner the market.12 turbine makers signed the “self-discipline” pact today at the Beijing International Wind Energy Conference, according to Chinese media, reports Recharge […]

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Photo: Kim Hansen

Chinese wind turbine companies sign pact to end race-to-the-bottom price war

China’s 12 leading wind turbine makers have signed a pact to end a domestic price war that has seen turbines sold at below cost price in a race to corner the market and which has compromised quality and earnings in the sector.
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