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0 0.00588235294117655 2.74509803922322E-05 0 0.0105882352941176 0.00411764705882355 0.0192156862745099 0.032156862745098
Stock impact report

Chinese Solar Giants Bet on Batteries to Survive Industry Meltdown [Yahoo! Finance]

JinkoSolar Holding Company Limited American Depositary Shares (each representing 4 Common Shares) (JKS) 
Last jinkosolar holding company limited american depositary shares (each representing 4 common shares) earnings: 3/13 06:43 am Check Earnings Report
US:NYSE Investor Relations: ir.jinkosolar.com
Company Research Source: Yahoo! Finance
The latest to make the move was one of the largest in the sector, Longi Green Energy Technology. Bloomberg cited a security filing by the company showing that it was planning to buy a majority stake of 62% in local battery storage maker PotisEdge. The surge in EVs and solar and wind power installations has resulted in excessive manufacturing capacity in these key non-hydrocarbon energy industries, igniting price wars that have hurt most companies in the sector, including the biggest solar panel manufacturers. Chinese authorities realized last year that cutthroat competition, overcapacity, and low-quality manufacturing are hurting enterprises. Meanwhile, the companies rushed to cut costs, with the biggest solar players in the country slashing close to a third of their workforce in 2024 alone. Longi Green Energy, Jinko Solar, Trina Solar, JA Solar, and Tongwei together cut as many as 87,000 jobs last year, according to Reuters calculations based on security filings. Now, they are Show less Read more
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