General Motors announced on its official website on the 11th that the company will launch a new energy business that provides households and businesses with a range of energy management products such as battery packs, solar panels, and electric vehicle charging piles. And a new division of "GM Energy" was established to create a new energy ecosystem. The company has agreed to partner with solar technology and energy services provider SunPower to provide residential and commercial customers with solar panels and home energy storage solutions. This is undoubtedly to speed up the pace of achieving peak carbon neutrality as soon as possible and realizing solar-powered new energy vehicles.

The reports say China's solar energy appears to be one of the export bright spots for the world's second-largest economy. European has a big demand for solar panels due to the high electric prices. Especially, after the Russia and Ukraine war. According to the International Energy Agency, China accounts for more than 80% of all stages of solar panel manufacturing.