Latest market situation of LONGi photovoltaic panels

What is Longi Green energy photovoltaic (Xixian New Area) Phase 1?

The “Longi Green Energy Photovoltaic (Xixian New Area) Phase I” facility will have an annual HPBC 2.0 cell capacity of 12.5 GW. The project is scheduled to start production by the end of this year, with full operations to start by June 2025.

How did the PV industry perform in the first half of 2024?

Amidst the continuous transformation and challenges in the PV industry during the first half of 2024, the company achieved a revenue of 38.529 billion yuan. Silicon wafer shipments totaled 44.44 GW (with 21.96 GW sold externally), while solar cell sales reached 2.66 GW externally.

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.

Is Longi launching a hybrid passivated back contact solar cell?

Longi has announced plans to produce its new hybrid passivated back contact (HPBC) 2.0 solar cells at a 12.5 GW facility in Xixian New Area, Shaanxi province. Longi said its HPBC 2.0 cell technology, launched in early 2024, is now ready for mass production.

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.

Why is China's solar industry facing a price war?

China’s world-leading solar industry is grappling with factory overcapacity that’s spurred a deepening glut in solar generation equipment and an ensuing price war. Beijing has responded to calls for help from beleaguered manufacturers, introducing a set of rules to guide capacity expansions and avoid redundant investment.