Despite a modest end-of-quarter boost in June, Chicony Power's high-end shipments remained subdued amid unresolved US tariff issues and currency headwinds.
Rare earth elements—critical to electric vehicles, defense systems, and advanced electronics—are once again at the center of geopolitical tensions. China, which controls more than 90 percent of the world's rare earth refining and processing capacity, continues to wield outsized influence over global supply.
Shenzhen Xinhao Photoelectricity Technology said on June 22 that it had signed a Letter of Intent with Luxshare Precision Industry Co. to transfer full ownership of its photovoltaic subsidiary, Xinguang Energy Technology (Anhui) Co. The move is part of Xinhao's broader effort to streamline operations, exit underperforming PV assets, and refocus on core businesses such as glass protection panels and hybrid energy storage systems.
In response to rising geopolitical instability in the Middle East, Taiwan's state-owned oil and gas company, CPC, sought to reassure the public on Monday that the country's energy supplies remain stable and unaffected. The company emphasized that it has long adopted a strategy of diversified procurement and risk mitigation for both crude oil and liquefied natural gas (LNG), with strategic reserves meeting legal requirements and fully sufficient to meet domestic demand.
