Vestas Wind Systems AS

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Vestas: Early Signs of Potential Chinese OEM Expansion Into Western Markets

Mingyang, one of China’s leading wind turbine manufacturers, reportedly plans to invest GBP 1.5 billion to build an offshore wind turbine production facility in the UK. This could mark one of the first manufacturing investments by a Chinese OEM in Europe. Vestas’ shares were down 4% at market open.

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