Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Tech is Caixin Global's real-time tech news portal, featuring 24-hour news, short-form analysis, and roundups from business and tech media in China.

LATEST
China’s Tighter Tech Laws Could Stymie U.S. Demands for Data Handover, Legal Expert Says
China Chip Exec Says Crunch Could End by Mid-2022
Air Taxi Developer’s Listing Shows Tencent Can’t Shake Its Flying Car Dreams
Apple Hopes Cheaper IPhones Will Woo Chinese Customers
Two Chinese Tech Stocks Sizzle on Latest Hot Concept in Virtual Reality
China Tech Stocks Stumble in Rush Back Toward Bull Market
WeRide Joins With Carmaker, Courier to Commercialize Self-Driving Delivery Vans
JD.com-Backed Dada’s Autonomous Delivery Investment Undercuts Revenue Jump
Non-Innovative Medtech Companies Are Winning Too Much Venture Capital, Official Says
Chipmaker SMIC Inks Deal With Shanghai for $8.8 Billion Factory
Tech Insider: EV Sales a Mixed Bag, MediaTek Stays on Top, Xiaomi’s New Direction
BGI’s Gene Sequencer Spin-Off Approved for Shanghai IPO
Smartphone Giant Xiaomi Officially Revs Up Smart Car Business
China’s GPS Alternative Gets Regulatory Roadmap in Push to Boost Adoption
Meituan Faces Fresh Regulatory Trouble Over Mobike Acquisition
China Hammers Mobile Gaming Industry With Tough New Limits
ByteDance Acquires China’s Largest Virtual Reality Headset Maker
Microchip Design Specialist Arm China Takes a Turn Into Autonomous Driving
Tech Insider: Self-Flying Hopeful EHang Runs Into Turbulence, Chipmaker Arm China Joins Auto Drive, iQiyi Gives Up on Its Idols
Self-Flying Vehicle Specialist EHang Hits Earnings Turbulence
Solar Industry Data Shines Light on Sector’s Consolidation

By Lu Yutong / Jul 24, 2020 12:21 PM / Economy

Photo: VCG

Photo: VCG

Fresh data from China’s solar power industry association suggests the sector is consolidating, as big companies produce a greater share of the world’s largest solar market’s cells and components and smaller ones are pushed out.

The nation’s ten largest photovoltaic companies by output accounted for some three quarters of China’s solar cell production in the first half of 2020, up from about 55% in January.

They also accounted for some 94% of the output of silicon wafers, a key component, and almost all production of the polysilicon used to make them.

The coronavirus pandemic has had a limited impact on solar manufacturing, according to Wang Bohua, vice chairman of the China Photovoltaic Industry Association (CPIA), which released the figures at an industry conference held online Tuesday. Cell production was up more than 15% for the first six months, he said.

But strong upstream performance does not mean more sales, and the consumption side of the industry is likely to face trouble as people save rather than spend their money in the wake of the Covid-19 crisis.

China is the world’s biggest exporter of solar-related products, but those exports declined in value by about 10% in the first five months on the same period last year.

Read the full story on Caixin Global later today.

Contact reporter Lu Yutong (yutonglu@caixin.com) and editor Flynn Murphy (flynnmurphy@caixin.com)


Share this article
Open WeChat and scan the QR code