Huasun chairman and CEO Jimmy Xu has participated in a panel discussion focusing on the widely debated topic of “The make-or-break year for solar: What’s next for the industry?”, a session which brought together industry leaders to explore challenges and solutions in the evolving solar market.
Xu highlighted the importance of national policies in shaping the future of solar energy, noting the ongoing challenges of overcapacity and fierce price competition in 2024. He emphasized that stricter regulations in China would impact business strategies, particularly for smaller tech-driven companies.
The panellists widely agreed that the growth of solar installations is slowing, and external factors are bringing more rational capital into the market. As competition intensifies, investments in technology have become barriers to entry, with this shift, along with industry self-regulation, expected to lead to a more balanced and orderly market by mid-2025.
Xu stressed that the industry’s future lies in system integration and intelligent solutions, which offer greater value than traditional module manufacturing alone. Huasun, as the world’s largest producer of heterojunction (HJT) products, is focusing on both technological innovation and alignment with the evolving market demand for integrated energy solutions.
The company has achieved the large-scale industrialization of HJT technology, delivering significant cost reduction and module efficiency improvement. As a result, HJT modules have become a preferred choice in tenders by a number of major state-owned businesses in China. The lower carbon footprint of HJT production has also driven growing demand in new large-scale solar projects across Europe and the U.S., with Huasun’s success in both domestic and international markets underscoring the strong momentum and global potential of HJT technology.
