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Global News Impacting Chinese Tech

How the Iran war is rewarding China's bet on electric cars and solar power

News Snapshot:

HONG KONG — China is poised to benefit from the Iran war as global energy disruptions accelerate a shift away from fossil fuels and toward clean technology and renewable power, industries that China dominates, experts say.Most of the oil and gas from the now mostly shut Strait of Hormuz was Asia-bound. Asian nations are scrambling to save energy and bolster their dwindling reserves. Gasoline prices in the U.S. and Europe have been spiking.While most of Asia is hit hard, China will likely benefit from the fossil fuel disruptions despite being the biggest purchaser of Iranian oil. China leads the world in battery,…

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