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China Is Beating the US in the Battle for Energy Export Dominance
Yahoo Finance· 2025-10-05 23:01
Core Insights - The competition for the energy export market is intensifying between the US and China, with China currently leading in clean energy technology exports [1] Group 1: Clean Technology Exports - China's exports of electric vehicles, solar panels, batteries, and other carbon-cutting technologies reached a record $20 billion in August, according to Ember [2] - In the first seven months of the year, China exported $120 billion in green technology, significantly outpacing the US's $80 billion in oil and gas exports [3] - Despite falling technology prices, China's clean technology exports continue to grow, with a record 46,000 megawatts of solar power capacity shipped abroad in August [4] Group 2: Market Dynamics - More than half of China's electric car exports this year have been to emerging markets outside the OECD [5] - The US has focused on increasing fossil fuel production and exports under both the Trump and Biden administrations, but China's clean technology exports have surpassed US fossil fuel exports [6] - China is not only a major exporter but also a significant importer of oil and gas, indicating a strong domestic demand for energy [7]
Clean Energy Technologies Implements Reverse Stock Split to Support Continued Nasdaq Listing and Growth Plans
Globenewswire· 2025-10-01 13:30
Core Points - Clean Energy Technologies, Inc. (CETY) announced a 1-for-15 reverse stock split approved by its Board of Directors on September 19, 2025, aimed at restoring compliance with Nasdaq's listing standards and minimum bid price requirement [1][4] - The reverse stock split will reduce the number of outstanding shares from approximately 69.7 million to about 4.65 million, effective before market open on October 6, 2025 [2][3] - Following the reverse stock split, the number of authorized shares will decrease from 2 billion to 133.33 million [1][2] Company Overview - CETY is a clean energy technology company focused on providing power generation, waste-to-energy, battery storage, and heat-to-power solutions [1] - The company aims to deliver affordable, scalable, and eco-friendly energy solutions for a sustainable future, targeting small and mid-sized projects in North America, Europe, and Asia [4] - CETY's principal products include Waste Heat Recovery Solutions and Waste to Energy Solutions, utilizing patented technologies to convert waste into electricity and BioChar [4]