JinkoSolar is expected to announce in the coming days its third-quarter shipment and production figures, which will show a recovery from the previous quarter’s slight slowdown, when Tiger Neo production was affected by COVID 19 control measures, together with a sharp increase in profitability for the quarter.
According to VP Dany Qian, the company has significantly increased Tiger Neo production during Q3 and will build on that growth in 2023 as new factories in Anhui and Zhejiang ramp up output.
Despite lingering supply chain issues and the rising cost of polysilicon, order backlogs for the module increased substantially, showing 100% growth in shipments compared to Q2.
Qian said her baseline forecast would indicate that n-type Tiger Neo would be responsible for over 50% of total sales in 2023, adding: “The industry is still struggling with supply chain issues, but n-type demand remains buoyant, with global clients replacing PERC systems with n-type in their pipeline projects for next year.”
In addition to Tiger Neo’s 25% cell efficiency in mass production, Jinko has also made its flagship product much more cost effective to deliver and install. “This has obviously taken a while to scale up because we needed to be confident that the module’s longevity would exceed its 30 year warranty with minimal degradation,” Qian explained.