Chinese Solar Companies Skimp on Quality As Price War Escalates

  • 📰 OilandEnergy
  • ⏱ Reading Time:
  • 19 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 68%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Chinese solar manufacturers are cutting costs and sacrificing quality in a bid to survive intense domestic competition.

The solar manufacturing boom in China and the domestic competition for market share are prompting some manufacturers of solar components to sacrifice quality for the sake of higher profits, an executive at the world’s largest solar manufacturer has said. “We’ve noticed that people have started to sacrifice quality to cut costs, which is a dangerous signal,” Zhong Baoshen, chairman of Longi Green Energy Technology Co.

China leads globally in solar components manufacturing and holds an 8095% share of the supply chains in the industry, depending on the manufacturing segment. Faced with cheap imports from China, the U.S. and the EU are looking to support their own supply chains and manufacturers, whose panels are more expensive, and often, with higher quality than the Chinese ones.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 34. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Chinese panels power Czech distributor to top of FT 1000 rankingRaylyst Solar is Europe’s fastest-growing company after bet on Chinese renewable energy tech
Source: ftenergy - 🏆 47. / 63 Read more »