Canadian Solar Aims to Increase Market Share Amid Supply Glut
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Canadian Solar Inc., the Chinese solar-panel maker that’s expanding factories more than 60 percent this year, aims to increase its market share as global overcapacity among manufacturers squeezes out smaller rivals.
Chief Executive Officer Shawn Qu said the Suzhou-based company’s reputation for quality will persuade customers to choose its photovoltaic devices over those of competitors as output potential outstrips demand to 2012, pushing prices down.