Jinko Solar(SH:688223) Zhong Guo Xin Wen Wang·2025-07-14 11:13Core Insights - The Chinese photovoltaic industry is transitioning from being the "world factory" to a global technology hub, driven by technological innovation and increased production efficiency [1][3][5]. Industry Overview - The Jinko Solar factory in Jiangxi, known as a "super engine," showcases advanced automation with AGV vehicles and robotic arms, producing an average of 3.9 million solar cells daily, equating to 45 cells per second [1][3]. - Continuous technological innovation is identified as a key theme for Chinese photovoltaic companies, which have evolved from merely exporting products to extending their services and supply chains internationally [3][5]. Global Expansion - Chinese photovoltaic companies are establishing manufacturing bases in countries like Malaysia, Vietnam, the USA, and Saudi Arabia, while also creating localized marketing and service networks in Germany, Brazil, and Japan [4][5]. - The global solar installation market is expected to enter the terawatt (TW) era by 2030, with a forecast of sustained double-digit growth in solar installations in the coming years [3][5]. Strategic Partnerships - Companies like Longi Green Energy and Hongyang New Energy are forming strategic partnerships to build manufacturing bases in Indonesia and Nigeria, respectively, with significant production capacities planned [5]. - Jinko Solar is actively seeking partnerships in overseas markets to combine its technological and management strengths with local capital and market advantages [3][5]. Future Outlook - The industry is expected to see a shift in manufacturing capacity towards Europe, with some companies exporting solar equipment and services to support local production [6]. - The Middle East and ASEAN countries are highlighted as key regions for future expansion, driven by favorable sunlight resources and supportive renewable energy policies [6].