The Chinese language government is launching an investigation to get out whether or no longer the European Union is obstructing Chinese language characterize voltaic investments.

China’s Ministry of Commerce

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China’s Ministry of Commerce

Image: N509FZ, Wikimedia Commons

China’s Ministry of Commerce acknowledged it has launched a commerce and investment barrier investigation into the European Union’s actions when it comes to Chinese language enterprises below the EU Foreign places Subsidies Legislation and its enforcing principles. The investigation follows a request from the China Chamber of Commerce for Import and Export of Machinery and Electronic Merchandise and can focal level on four main product categories: railway locomotives, photovoltaics, wind power, and security inspection equipment. The ministry is gathering knowledge from stakeholders via questionnaires, hearings, and on-space investigations. The investigation is decided to end by Jan. 10, 2025, with a that it is probably going you’ll per chance well presumably also bring to mind extension to April 10, 2025, below special conditions.

Xinte Energy acknowledged it expects a loss between CNY 780 million ($96.22 million) and CNY 950 million for the six months ending June 30, 2024, in contrast to a CNY 4.75 billion earnings within the identical interval closing year. The company attributed the loss to the decline within the common selling trace of polysilicon, despite a 50% develop in production quantity and a 30% reduction in production costs. Xinte Energy noteworthy that the polysilicon business’s affect outweighed sure dispositions in assorted items, corresponding to renewable power projects in wind and characterize voltaic, and manufacturing equipment and inverters, which saw a prime develop in shipments. The last outcomes could be printed by the tip of August.

Cybrid Applied sciences acknowledged its 2024 half-year performance forecast predicts a gather loss attributable to shareholders of between CNY 15 million and CNY 22 million for the main half of 2024. The company attributed the loss to enormous capacity originate, intensified market rivals, and previous search knowledge from, leading to a prime fall in each and each quantity and price of its backsheet business. Even supposing the gross sales quantity of encapsulation movie products remained accurate, their selling costs saw a massive year-on-year decline, additionally contributing to the loss.

Shanghai Electric Investment has revealed the shortlisted candidates for its first PV module procurement soft of 2024. The listing includes Tongwei, Das Solar, JinkoSolar, Trina Solar, GCL Integration, Canadian Solar, Risen Energy, and JA Solar. The soft covers eight sections with a full procurement capacity up to 800 MW, requiring cell sizes of 182 mm and above. The bidding costs show camouflage the bottom trace for p-form panel bids at CNY 0.76/watt, while the ideal trace for n-form bids is CNY 0.839/watt.

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