Chint Electric Divests Photovoltaic Inverters: Strategic Shift or Survival Play?
Why would a top-tier energy solutions provider suddenly exit the booming solar inverter market? Chint Electric's recent decision to divest its photovoltaic (PV) inverter business has sent shockwaves through the renewable energy sector. As of Q2 2024, the company finalized the sale of its inverter division to focus on grid automation and smart energy storage – but industry analysts are debating whether this move signals proactive strategy or reactive retreat.
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