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Chinese photovoltaic companies are not afraid of competition

Chinese photovoltaic companies are not afraid of competition

May 29,2024.

Photovoltaic is an industry with a very high degree of marketization, and market-oriented means are more suitable for promoting the development of the industry. This is also one of the reasons why China's photovoltaic industry leads the world today. As an indispensable force in the global photovoltaic market, the advantages of Chinese photovoltaic companies will not disappear in an instant. Chinese photovoltaic companies look forward to fair and reasonable trade relations and continue to contribute Chinese solutions to the development of the global green industry.


Recently, the dynamic changes in the market value rankings of global photovoltaic listed companies have attracted the attention of the international market.


According to Bloomberg, on May 17, the market value of First Solar, a US photovoltaic module manufacturer, surpassed Sungrow Power Supply to become the world's most valuable photovoltaic company. As of May 24, First Solar's market value was approximately US$26.7 billion (approximately RMB 193.7 billion), Sungrow Power Supply ranked second with a market value of RMB 150.2 billion, and Longi Green Energy Technology ranked third with a market value of RMB 142.2 billion. This is the first time since 2018 that a US photovoltaic company has topped the global photovoltaic company market value list.


For a time, there were mixed voices in the international market that "Chinese photovoltaic companies suffered a Waterloo and their competitiveness declined." However, in fact, the market value of American photovoltaic companies represented by First Solar has jumped, relying on American trade protectionism, which is to impose tariffs on China while providing subsidies to local manufacturers.


Chinese photovoltaic companies are not afraid of competition. Photovoltaic is an industry with a very high degree of marketization, and market-oriented means are more suitable for promoting the development of the industry. This is also one of the reasons why China's photovoltaic industry leads the world today. As an indispensable force in the global photovoltaic market, the advantages of Chinese photovoltaic companies will not disappear in an instant. Chinese photovoltaic companies look forward to fair and reasonable trade relations and continue to contribute Chinese solutions to the development of the global green industry.

And we will attend the Inter Solar Show in Munich German at 17th-19th June.

Welcome to our booth for further cooperation!


photovoltaic industry

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