SHANGHAI: China’s exports of clean technology climbed in March, reinforcing signs that manufacturers are benefitting from rising global demand for alternative energy sources as traditional supplies are roiled by the Iran war.
The most notable growth came in shipments of lithium-ion batteries and electric vehicles (EVs), with an annual increase of 34% and 53%, respectively, according to data released by China’s GeneRE,ral Administration of Customs on Saturday.
Solar cells also saw 80% growth last month. All three exports rose from February levels as well.
The data give the first comprehensive picture of China’s clean tech exports since the United States and Israel launched attacks against Iran seven weeks ago, effectively shutting the Strait of Hormuz and sparking a global energy crisis.
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