GCL tries lithium battery materials in search of diversification
The solar materials maker plans to acquire 82% of sister company GCL Lithium Battery, paying with a combination of cash and shares Key Takeaways: GCL will acquire a battery cathode…
Daqo goes ‘back to the future’ with AI power equipment gamble
The polysilicon maker will partner with the Kunshan government to build a 6 billion yuan base producing electrical equipment to power AI data centers Key Takeaways: Daqo and the Kunshan…
INDUSTRY BRIEF: Polysilicon makers launch new joint venture to tackle oversupply
Several leading Chinese polysilicon makers have launched a new company that could help to address overcapacity plaguing the sector, Caixin reported on Wednesday. The move marks the latest step in…
Xinte to spread clean power building burden using asset backed securities
The polysilicon producer and green power farm operator plans to issue ABS backed by two of its wind power projects, which will be traded on the Shanghai Stock Exchange Key…
Daqo looks to new government campaign to revive slumping solar sector
The leading polysilicon maker said its prices continued to fall to well below production costs in the second quarter as it produced at just a third of capacity Key Takeaways:…
INDUSTRY BRIEF: Polysilicon makers to set up company to absorb struggling smaller rivals
China’s major makers of polysilicon, one of the key components used to make solar panels, plan to set up a company to buy their Chinese smaller rivals, in an effort…
INDUSTRY BRIEF: Polysilicon makers slash output to 30-40% of capacity
Chinese polysilicon makers have slashed their output and are currently operating at less than 40% of capacity, as they struggle to cut their losses from selling product at less below…
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