Prices of all upstream PV products such as silicon wafers and silicon ingots increased recently, but downstream module prices continued to decline and reached new lows.
TCL Zhonghuan has made a series of announcements recently, including investing in a 25GW N-type TOPCon project, initiating a share buyback and releasing its operating data in the first quarter of the year, which reflected its new direction in the industry and confidence in high quality development.
China’s PV industry's production value last year reached RMB1.4 trillion (US$203.5 billion), according to a report published by China’s ministry of industry and information technology.
TCL Zhonghuan cut the price of its solar wafers for the first time this year, with this trend expected to continue as new production capacity comes online across the industry.