China's Wind Giants Hatch Plans to Muscle In on U.S., Europe
Global competition will intensify as China-based turbine producers aim to rival GE and Vestas on their own turf.
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Chinese turbine makers have made their local wind power market the biggest in the world with a scorching pace of installations. Now, those giants want to take a larger slice of burgeoning global demand.
Companies including Xinjiang Goldwind Science & Technology Co., Envision Group and Ming Yang Smart Energy Group Ltd. have typically made only small inroads into overseas markets, though now plan to invest in factories abroad to take market share from European and American rivals such as Vestas Wind Systems A/S and General Electric Co.