Sinovel faces big struggle - analyst

Chinese wind turbine manufacturer Sinovel faces a struggle to reinvent itself in order to survive after a disastrous two years that has seen it suffer poor financial results, face fraud and espionage allegations, and lose market share in China, says analyst IHS-EER.

“The vendor’s lack of proprietary technology assets, questionable product performance and stretched delivery capabilities have proven insufficient to support its aggressive expansion strategy,” says IHS-EER senior analyst Jing Wang in a note.

IHS-EER identifies a number of key weaknesses in Sinovel’s offering compared to its peers, including a lack of presence in the areas of project development and wind farm asset ownership, which it says limits Sinovel’s ability to match the needs of big power generation companies like Datang and Huaneng.

The analyst also claims that Sinovel’s technology credibility Log in to read complete article.

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