In Depth: China’s Power-Equipment Makers Ride AI Infrastructure Boom

As the world races to build out artificial intelligence (AI) infrastructure, Chinese power-equipment makers are reaping an industrial windfall as gaps have opened in traditional supply chains.

From transformers to turbines and components, Chinese manufacturers are increasingly embedded in the global build-out of data centers. A surge in demand — driven by the U.S. and other economies racing to expand AI capacity — has lifted orders, boosted exports and propelled share prices across China’s power equipment sector.