Reported 4 months ago
Chinese solar companies are stopping production at factories in Southeast Asia due to increased US trade barriers causing uncertainty for exports from the region. Longi Green Energy Technology Co. has begun scaling back operations in Malaysia and Vietnam, while Trina Solar Co. is shutting down capacity in Thailand and Vietnam for annual maintenance. The Biden administration's rules strengthening tariffs against solar equipment and plans to end exemptions on certain imports from Cambodia, Malaysia, Thailand, and Vietnam are impacting the industry, leading to concerns and adjustments by Chinese manufacturers.
Source: YAHOO