About Longi photovoltaic panel price decline
The photovoltaic industry has been hit by various factors including price changes and trade policy adjustments this year, Longi said in a statement.
The photovoltaic industry has been hit by various factors including price changes and trade policy adjustments this year, Longi said in a statement.
Chinese Solar Company Longi Forecasts First-Half Loss as Prices Drop. Longi sees at least $660 million of losses in first half; Beijing released rules to aid the struggling sector on Tuesday.
Longi Green Energy Technology Co. reported a net loss of 5.24 billion yuan ($739 million) in the first six months of the year as the sector struggles with overcapacity that brought prices to .
Three Chinese solar manufacturers – LONGi, Tongwei, and Aiko Solar – have reported losses in the first half of the year due to increased competition. In its financial results for the first .
(Yicai Global) May 31 -- Longi Green Energy Technology, the world’s largest supplier of monocrystalline solar wafers, has slashed the price of its photovoltaic wafers by 30 percent this month, its second price cut in two months, as an oversupply of polysilicon, a key raw material used to make wafers, floods the market.
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6 FAQs about [Longi photovoltaic panel price decline]
Will '516 photovoltaic New Deal' affect Longi Green Energy?
LONGi Green Energy decided to shut down the module factories in the above areas, which may be affected by the U.S. "516 Photovoltaic New Deal".
Why has the photovoltaic industry been hit?
The photovoltaic industry has been hit by various factors including price changes and trade policy adjustments this year, Longi said in a statement. The United States last month unveiled steep tariff hikes on Chinese imports including solar panels, electric vehicles and batteries.
Does Longi Green Energy have a complex industry environment?
In response to this, a person related to LONGi Green Energy responded to reporters from the Shanghai Securities News on the evening of the 4th, saying that after verification, the current industry environment is complex, and the company continues to observe and judge key factors such as the global photovoltaic market and policies.
Why did Longi change its production plans?
Longi said it will "adjust its production plans" according to market changes. The company also cited digital technology upgrading as another reason for its production adjustment, adding that it is "firmly optimistic" about the long-term uptrend of the global photovoltaic industry.
Is Longi Green Energy shutting down?
The photovoltaic giant responds Recently, there have been rumors that LONGi Green Energy's module factory in Malaysia will gradually shut down this week, and last week, all five production lines at LONGi's cell factory in Vietnam had also stopped working.
Why did Chinese solar companies lose $1 billion in the first half?
Longi Green Energy Technology solar panels on the rooftop of a house in the village of Yang Zhuang, Shaanxi province, China. Two of the world’s biggest solar manufacturers lost more than $1 billion in the first half as a massive glut in the Chinese market continued to hurt the sector, which is vital to combat climate change.