Chinese Solar Sector Facing Challenges with Continued Oversupply

Reported about 1 year ago

China's solar industry, led by major manufacturer Longi Green Energy Technology Co., is expected to struggle due to ongoing oversupply issues, leading to suppressed profits. Longi and other major firms reported losses in the first quarter as they sold products below costs. Analysts predict that the oversupply situation may persist for up to two years, with Longi focusing on developing more efficient technology. Despite attempts to seek higher premiums overseas, including in the US, challenges from geopolitical risks and trade tariffs continue to impact the industry.

Source: YAHOO

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