"China’s exports of solar modules, batteries and EVs are flooding parts of the developed and developing world. Chinese firms have pledged US$225 - $250 billion to green manufacturing projects outside of China, an amount that now surpasses the inflation adjusted value of US aid during the post-WWII Marshall Plan. The chart on the right illustrates how China’s production capacity for solar modules, wind turbines, EV battery cells and EVs was much higher than its actual production in 2024. These are startling figures that are (a) encouraging if your perspective is global decarbonization and (b) terrifying if your perspective is the CEO of competing companies elsewhere in the world that are exposed to Chinese competition."