JinkoSolar to sell Xinjiang subsidiary for US$606 million

Facebook
Twitter
LinkedIn
Reddit
Email
Jinko Solar says the transaction can reduce subsidiary Jiangxi Jinko’s operational costs. Image: Jinko Solar

Chinese solar module manufacturer Jinko Solar will sell its subsidiary Xinjiang Jinko for RMB4.3 billion (US$606.7 million).

The company said that Jiangxi Jinko, subsidiary of Jinko Solar and parent company of Xinjiang Jinko, will no longer hold any shares in Xinjiang Jinko after the transaction. The company added that the transaction is to reduce Jiangxi Jinko’s operational costs, improve its production efficiency and optimise its facility mix.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Buyers of Xinjiang Jinko included Ziyang Major Industry Equity Investment Fund Partnership and a Mr. Dong Shihong.

In addition, Jiangxi Jinko announced that it will build a manufacturing base with a capacity of 56GW in Shanxi Province. According to an agreement signed by Jiangxi Jinko and the Shanxi government, the project will be constructed in four phases with an annual production capacity of 14GW for each stage. Each phase consists of capacity for ingots, wafers, cells and modules.

The first two phases are expected to commence production in the first and second quarters of 2024, while the other two phases will be operational by 2025.

10 March 2026
Frankfurt, Germany
The conference will gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing out to 2030 and beyond.

Read Next

July 25, 2025
A round-up of news from the Indian solar sector this week, including Reliance Industries' cell plant, Juniper Green Energy powering solar PV and Solex Energy launching new modules.
Premium
July 25, 2025
At the SNEC expo, Carrie Xiao took the temperature of the industry as it seeks a way out of cutthroat competition and squeezed margins.
Premium
July 25, 2025
Prices of products across various segments of China's PV industry chain—polysilicon, wafers, cells, modules—have begun to rise recently.
July 25, 2025
According to a report from the International Renewable Energy Agency (IRENA), the global levelised cost of electricity (LCOE) for solar PV reached US$0.043/kWh in 2024.
July 24, 2025
China has installed 14.36GW of solar PV in June 2025, down 85% from the previous month and also decreasing 38% from the same period in 2024.
July 23, 2025
A rise in global tariffs could impact solar PV and battery energy storage system (BESS) installations in the US and EU by up to 10% by 2035.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK