China’s Top Solar Panel Maker Calls on Beijing to Control Prices
- Longi Green Energy wants rules to discourage below-cost bids
- Nation’s solar industry being wracked by layoffs, output cuts
Longi solar panels installed on the rooftop of an office building in Xi'an, China.
Source: Bloomberg
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Chinese solar giant Longi Green Energy Technology Co. is calling on Beijing to crack down on low prices and ensure panel quality as excess capacity and fierce competition spur company failures.
The government should introduce new bidding rules to discourage prices that are below production costs, and to award firms that can provide long-lasting reliable products, Longi Chairman Zhong Baoshen said in an interview with Shanghai Securities News. Zhong made the comments on the sidelines of this week’s National People’s Congress, which he’s attending as a delegate.