Core Viewpoint - The wind power industry is expected to see a slight rebound in turbine bidding prices by 2025 due to increased emphasis on quality and reliability, as well as efforts to combat unfair competition practices [1] Group 1: Industry Developments - In October 2024, at the Beijing Wind Energy Exhibition, 12 domestic turbine manufacturers signed the "Self-Discipline Convention for Maintaining a Fair Competitive Environment in the Chinese Wind Power Industry," aimed at addressing issues like vicious low-price competition and unfair contract terms [1] - National-level important meetings have repeatedly emphasized the need to prevent and comprehensively rectify "involution-style" competition, with some owners actively responding by adjusting their bidding rules [1] Group 2: Market Trends - There is a growing trend among owners to prioritize high-quality, high-performance turbine units with optimal levelized cost of electricity, reflecting an increased focus on turbine quality and reliability within the industry [1]

Core Viewpoint - The wind turbine bidding prices have slightly rebounded this year due to a focus on quality and reliability in the industry, alongside efforts to combat unhealthy competition [2] Industry Summary - In October 2024, 12 domestic turbine manufacturers signed the "Self-Regulation Convention for Maintaining Fair Competition in the Chinese Wind Power Industry" at the Beijing Wind Energy Exhibition, addressing issues like vicious low-price competition and unfair contract terms [2] - National-level meetings have repeatedly emphasized the need to prevent and comprehensively rectify "involution-style" competition, with some owners actively responding by adjusting their bidding rules [2] - There is an increasing emphasis on the quality and reliability of wind turbines within the industry, leading more owners to prefer high-quality, high-performance units with optimal cost per kilowatt-hour [2]