Gavekal Technologies

Chinese wind turbine makers are champions at home but much less visible abroad than their peers in solar, EVs and batteries. A big factor is that the project economics of wind power are unique. Nonetheless, Chinese wind firms are increasingly looking abroad, and are set to do well in price-sensitive emerging markets.

The popular framing of cheap Chinese open-weight models challenging expensive US closed models is becoming less useful as both sides adopt tiered strategies. LLM pricing is increasingly defined by model tier and business strategy rather than a model’s origin. The key questions are whether US labs can advance the frontier fast enough to preserve premium pricing, and whether Chinese labs can convert adoption into durable revenue to sustain frontier development.