A significant portion of Maxwell’s wind energy related sales over the past couple of years, have gone into China where renewable energy has been a focus of government policy and funding. While we’re seeing slower sales there, due in part to governments implementation of a more orderly, permitting and siting process, wind order flow continues.Many of you have asked about Maxwell’s exposure to China’s economy. Well to better understand the situation there, we engaged a major global consulting firm with a significant presence in China to analyze the wind, the bus, and several other market opportunities and assess the direction of government policies.
Maxwell Technologies' CEO Discusses Q3 2011 Results - Earnings Call Transcript
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