Global Markets

China, growing 'green' technology exports

Local producers benefit from the growing global demand for alternative energy sources

18 April 2026

2' min read

Translated by AI

Versione italiana

2' min read

Translated by AI

Versione italiana

Chinese exports of 'green' technologies increased in March, confirming signs that manufacturers are benefiting from the growing global demand for alternative energy sources, at a time when traditional supplies are being compromised by the war with Iran.

The most significant growth was recorded in shipments of lithium-ion batteries and electric vehicles, with annual increases of 34% and 53%, respectively, according to data released Saturday by China's General Administration of Customs. Solar cells also recorded an 80% growth last month. All three exports increased from February levels.

The data provide the first comprehensive picture of Chinese green technology exports since the US and Israel launched attacks on Iran seven weeks ago, effectively blocking the Strait of Hormuz and triggering a global energy crisis. The disruptions caused by the conflict have exacerbated the problem of energy security for countries dependent on fuel imports and prompted consumers and industries to look for alternatives.

"This is just the beginning, the chain effects of high energy prices will be felt for months to come," said Euan Graham, senior analyst at UK think tank Ember. "Green technologies represent a way out of soaring fuel costs for consumers and a long-term route for countries to reduce dependence on fossil fuels. China is well positioned to meet this growing demand."

Even after Iran announced on Friday evening (Asian time) the reopening of the Strait of Hormuz, it could still take months before maritime traffic returns to normal levels, assuming a peace agreement is reached.

Cina, Xi Jinping riceve Pedro Sanchez a Pechino

China also leads in solar and wind power

China, which already dominates the global supply chains for solar and wind energy, batteries and electric vehicles, now faces a further opportunity to expand its influence. Years of capacity development, often at the expense of profitability, have enabled Chinese manufacturers to rapidly and competitively expand distribution in foreign markets, making green products a new growth engine for the country's exports.

In particular, according to the China Passenger Car Association, shipments of electric and hybrid vehicles reached a record 349,000 units in March. Dealerships in major Asian capitals have reported an influx of customers who are turning to electric vehicles to avoid soaring fuel prices, which have skyrocketed since the start of the war.

"Chinese car manufacturers can quickly expand their global presence during the Strait of Hormuz crisis," said Cui Dongshu, secretary general of the China Passenger Car Association, at a briefing last week.

Contemporary Amperex Technology, the world's largest producer of batteries for electric vehicles, said on Wednesday during a conference call on its financial results that in the short term the growing uncertainty over supply and crude oil prices will push customers to increase the use of electric vehicles.

Changes in domestic policies also affected exports of green technology in the first quarter. For example, the export tax rebates for the solar and battery sector were eliminated or reduced from April, which analysts said could prompt companies to accelerate shipments before the subsidies expired.