INDUSTRY NEWS

Major Chinese solar manufacturers report losses in H1 2024 due to increased competition

2024-07-12

LONGi will increase product supply in the fourth quarter in 2024. financial Image: LONGi

Three Chinese solar manufacturers – LONGi, Tongwei, and Aiko Solar – have reported losses in the first half of the year due to increased competition.

In its financial results for the first half of 2024, Chinese module manufacturer LONGi has recorded a net loss of up to RMB5.5 billion (US$760 million).

 

(The above content is reproduced from pv-tech,By Will Norman)

 

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