Core Viewpoint - JinkoSolar is considering selling its solar module factory in Arizona due to economic inefficiencies and rising sanction risks, while its new factories in Oman and Egypt are crucial for its strategy to supply the U.S. market [2][4][20]. Group 1: U.S. Factory Situation - JinkoSolar announced a 2GW solar module project in Arizona with an investment of approximately 1.244 billion RMB, expected to create over 600 jobs [4][6]. - The factory's production has been delayed until Q4 2024, raising concerns about cost considerations, as U.S. labor costs are significantly higher than those in Southeast Asia [7][8]. - Recent U.S. policy changes, including the potential early termination of clean energy tax credits, threaten the profitability of domestic production [10][11]. Group 2: Supply Chain and Market Dynamics - The U.S. solar market is shifting towards HJT technology, which is favored due to its lower labor costs and compliance with environmental regulations [13][16]. - JinkoSolar's profitability in the Americas is significant, with a gross margin of 31.43%, contrasting with negative margins in other regions [17][18]. Group 3: Strategic Adjustments - Following the imposition of high tariffs on solar products from Southeast Asia, JinkoSolar plans to utilize its upcoming factories in Egypt and Oman to supply the U.S. market [19][20][25]. - The factory in Oman is strategically positioned to facilitate exports to the U.S., benefiting from lower tax rates and stable diplomatic relations [24][25].