Vestas Looks to Grow in China

The video discusses the success of the MW platform in Europe and the US, and the potential for similar growth in China. It highlights the advanced manufacturing capabilities in China and outlines strategies to increase market share, including adapting to market changes and dealing with competition. The importance of partnerships with state-owned enterprises and pricing strategies in a competitive market is emphasized. Additionally, the video addresses concerns about transmission development and idle capacity in China.

What is the primary focus of Vestas' three MW platform?

• Developing new technology

• Achieving success in Europe

• Enhancing manufacturing capabilities

• Increasing market share in the US

What is a key strategy for Vestas to improve its market position in China?

• Reducing production costs

• Expanding into new regions

• Introducing the latest technology

• Partnering with local competitors

How is the market focus changing according to Vestas?

• From local to global supply chains

• From MW produced to MW installed

• From state-owned to private enterprises

• From initial CapEx to megawatts produced

Why is it important for Vestas to engage with state-owned enterprises in China?

• They offer better pricing

• They have advanced technology

• They are easier to negotiate with

• They control a large portion of the market

What is a significant concern for Vestas regarding China's market?

• Idle capacity and transmission issues

• Lack of skilled labor

• Limited access to raw materials

• High production costs