Caixin
Mar 30, 2024 05:46 AM
BUSINESS

China’s Solar-Sector Battle Puts Quality at Risk, Longi Says

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Zhong Baoshen, chairman of Longi Green Energy Technology Co.
Zhong Baoshen, chairman of Longi Green Energy Technology Co.

(Bloomberg) — The fierce competition sweeping China’s solar sector is threatening the quality of production at some companies, as plunging profits trigger a scramble to cut costs, according to a top industry executive.

“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., said Friday at the Boao Forum for Asia in Hainan, China.

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