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China's photovoltaic cell production has maintained rapid growth in the past decade
According to the data, China's photovoltaic cell production has rapidly increased from 11GW in 2011 to 198GW in 2021. In 2021, the photovoltaic cell production will increase by 46.9% year-on-year, and the CAGR in the past ten years is as high as 33.5%. In the first half of 2022, the cumulative output of photovoltaic cells(including lithium ion battery for off grid solar) by Chinese industrial companies was 135.5GW, a year-on-year increase of 46.6%. The total shipments of the Top 5 photovoltaic cell companies in China in 2022 are about 59GW, an increase of about 60% compared to the same period last year.
According to estimates, China's cell production will exceed 261GW in 2022. This article is designed to provide you with in-detail information about the Top 5 photovoltaic cell companies in China, including their development history, main businesses and leading products, as well as industrial layouts. By reading this article, you will have a comprehensive understanding of the leading companies in the photovoltaic cell field in China, and you can get a glimpse of the current situation and development prospects of the entire photovoltaic cell industry in China through the latest news of these industry giants.
Top 5 photovoltaic cell companies in China in 2022
① TONGWEI
Established time |
December 8, 1995 |
Corporate Headquarters |
Sichuan, China |
Total market value |
227.778 billion CNY |
Company website |
Company profile:
TONGWEI, which ranks first among the Top 5 photovoltaic cell companies in China, is a private technology company with agriculture and new energy as its core businesses. After years of leap-forward development, TONGWEI has become a global leader in high-purity crystalline silicon and a global leader in solar cells. TONGWEI is deeply involved in the research and development, manufacturing and promotion of solar power generation core products, and is the world's leading crystalline silicon cell manufacturer. As the only leading enterprise involved in both agriculture and new energy photovoltaic industry in China and even in the world, TONGWEI has truly realized the efficient and coordinated development of agriculture and photovoltaics.
Main business and products:
High-purity crystalline silicon, high-efficiency solar cells and construction and operation of terminal photovoltaic power plants.
Latest news and related layout:
TONGWEI, one of the top 10 photovoltaic battery companies in the world, now has an annual production capacity of over 50GW of solar cells. As of the second quarter of 2022, the cumulative global shipments of TONGWEI solar photovoltaic cells exceeded 100GW. By the end of 2022, TONGWEI will form more than 55GW of capacity, and it is expected to form 80-100GW of capacity by 2023. TONGWEI plans to have a cumulative solar cell production capacity of 130-150GW from 2024 to 2026.
② Aikosolar
Established time |
August 12, 1996 |
Company location |
Shanghai, China |
Aggregate market value |
81.453 billion CNY |
Company website |
Company profile:
Aikosolar is mainly engaged in the research and development, production and sales of solar cells. It has industry-leading photovoltaic cell manufacturing technology and production and supply capabilities. It is one of the main suppliers of photovoltaic cells in the world and one of the Top 5 photovoltaic cell companies in China.
Main products:
210mm PERC battery, 182mm PERC battery and 166mm PERC battery.
Related layout:
Recently, Aikosolar plans to spend 132 million RMB to purchase 22 sets of photovoltaic cell production equipment from MKTECH. On May 10, 2022, Aikosolar released the revised draft of the fixed increase plan. According to the fixed increase plan, the 1.2 billion RMB raised will be used for the construction of a new generation of high-efficiency crystalline silicon solar cells with an annual output of 6.5GW in Zhuhai, which will increase the production capacity of a new generation of N-type cells. Aikosolar currently has four production bases in Foshan, Guangdong, Yiwu, Tianjin, and Zhuhai, Guangdong. In 2022, the company's high-efficiency mono PERC production capacity will reach 36GW, and N-type battery production capacity will reach 8.5GW+.
③ RUNENRGY
Founded date |
October 31, 2012 |
Principal place |
Jiangsu, China |
Registered capital |
360 million CNY |
Company website |
Company profile:
As one of the Top 5 photovoltaic cell companies in China, RUNENRGY is an industry leading solar cell store. Since its inception, RUNENRGY has focused on the research and development and production of high-efficiency solar cells, and the company's cell products are leading the industry in terms of photoelectric conversion efficiency and cost control.RUNENRGY's monocrystalline PERC cell production capacity has reached 21GW, all of which have the production capacity of 182mm and above large-sized cells.
Leading products and business:
Monocrystalline PERC solar cells; a small amount of photovoltaic power station business - providing overall solutions for photovoltaic power generation systems and construction and operation management
Latest news:
In August 2022, the RUNENRGY project "R&D of large-area high-efficiency back-contact crystalline silicon photovoltaic cell technology based on passivation contact" was approved as a special fund for scientific and technological innovation in Jiangsu Province. The project plans to use P-type monocrystalline silicon substrate to develop new high-efficiency and low-cost solar cell technology based on TOPCon passivation contact and IBC full-back electrode technology.
④ SolarSpace
Established time |
April 2010 |
Group Headquarters |
Jiangsu, China |
Registered capital |
126.2283 million CNY |
Company website |
Company profile:
Among the Top 5 photovoltaic cell companies in China, SolarSpace is the world's leading solar photovoltaic enterprise holding group, focusing on the research and development, manufacturing and sales of high-efficiency solar cells and modules, as well as the development, construction and operation services of power plants.
Main products:
157 polycrystalline monofacial solar cells P1575BB104M8, 166 monocrystalline bifacial PERC solar cells M1669BBF40 & 182 monocrystalline bifacial PERC solar cells S18210.
Recent news and related layout:
On July 1, 2022, SolarSpace's 16GW large-scale high-efficiency photovoltaic cell project with a total investment of 10.5 billion yuan started. In 2022, SolarSpace's cell production capacity will be 32.6GW and photovoltaic modules will be 4.5GW. In 2023, SolarSpace will continue to expand its production capacity around the world, eventually forming a production scale of 38GW high-efficiency solar cells and 7GW module projects.
⑤ JIETAI TECHNOLOGY
Established time |
December 6, 2019 |
Company location |
Jiangxi, China |
Total market value |
18 million CNY |
Company website |
Company profile:
JIETAI TECHNOLOGY, which has entered the top 5 photovoltaic cell companies in China, focuses on the research and development, manufacturing, sales and service of high-efficiency solar cells, and provides high-efficiency solar cell products that meet the IEC double standard. The main product is large-size (182mm&210mm) single crystal PERC cells with a conversion efficiency of up to 23.5%.
Main products:
210-12BB mono PERC cell, 82-10BB mono PERC cell and 166-9BB mono PERC cell.
Latest news:
As of June 2022, the production capacity of JIETAI TECHNOLOGY has exceeded 8.8GW. In 2022, JIETAI TECHNOLOGY successfully completed the technological breakthrough of N-type batteries, built and put into operation a 16GW/year N-type high-efficiency battery production line, and took the lead in the solar pv industry to achieve mass production of a new generation of N-type batteries.
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