JinkoSolar explained

JinkoSolar Holding Co., Ltd.
Native Name:晶科能源股份有限公司
Native Name Lang:zh
Type:Public
Isin:US47759T1007
Key People:Xiande Li (Chairman & CEO)[1]
Industry:Photovoltaics
Num Employees:46,511 (2022)[2]
Hq Location:Shanghai

JinkoSolar Holding Co., Ltd. is a solar module manufacturer headquartered in Shanghai, China, and listed on the New York Stock Exchange since 2010. Its subsidiary Jinko Solar Co., Ltd. was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.

History

In December 2006, JinkoSolar was established in December 2006 in Shangrao, Jiangxi, China.[3]

In May 2010, JinkoSolar was listed on the New York Stock Exchange. In 2015, JinkoSolar established manufacturing operations in Malaysia.[4]

Jinko Solar provided the equipment for, and has a 20% ownership stake in, the 2 GW Al Dhafra Solar project in the United Arab Emirates, which was announced in 2020 and opened in 2023 and was one of the world's largest solar projects.[5] [6]

In 2021, the U.S. Customs and Border Protection began blocking the import of JinkoSolar products into the United States due to concerns about the use of forced Uyghur labor.[7] In August 2023, the U.S. Department of Commerce determined that JinkoSolar had not circumvented tariffs on Chinese made goods.[8] [9]

In May 2023, agents from the United States Department of Homeland Security and Federal Bureau of Investigation raided JinkoSolar's offices in Jacksonville, Florida.[10] A survey conducted by US Customs and Border Protection in 2024 indicated taking a strong enforcement approach that will be difficult to answer for small/medium-sized solar companies without stable supply chain. Increased enforcement was noted by Roth Capital Partners to be beneficial for larger manufacturers such as Jinko, who had "mostly cleared the UFLPA gauntlet".[11]

Recognition

JinkoSolar is a member of the Silicon Module Super League. The four other original members of the group are Canadian Solar, Hanwha Q CELLS, JA Solar, and Trina Solar.[12]

Manufacturing

JinkoSolar produces ingots, wafers, cells, and modules. Solar photovoltaic modules are the company's main product.[13]

In 2015, JinkoSolar entered a partnership with DuPont to incorporate materials into photovoltaic metallization pastes and polyvinyl fluoride films in its solar modules.[14]

JinkoSolar began mass production of n-type TOPCon cells in 2019.[15] Also in 2019, Jinko officially opened the company's first U.S. factory.[16] [17] In 2022, the company established a factory in Vietnam.[18] [19]

Notes and References

  1. Web site: JinkoSolar Holding Co., Ltd. (NYSE:JKS) Q3 2023 Earnings Call Transcript . Yahoo Finance.
  2. Web site: JinkoSolar Holding Number of Employees 2010-2023. Macrotrends.
  3. Web site: JinkoSolar . Asia Fund Managers . 15 March 2023 . 2024-03-18 . 2024-03-18 . https://web.archive.org/web/20240318221501/https://asiafundmanagers.com/us/jinkosolar/ . live .
  4. Web site: JinkoSolar Inaugurates Solar Cell & Module Manufacturing Facility . solarhub . 26 May 2015 . 2023-12-21 . 2023-12-21 . https://web.archive.org/web/20231221174336/https://solarbusinesshub.com/2015/05/26/jinkosolar-inaugurates-solar-cell-module-manufacturing-facility-in-malaysia/ . live .
  5. Web site: EDF, Jinko Power consortium submits lowest bid for Abu Dhabi's 2GW Al-Dhafra Solar PV project . SaudiGulf Projects . 28 April 2020 . 27 September 2020 . 25 April 2023 . https://web.archive.org/web/20230425094936/https://www.saudigulfprojects.com/2020/04/edf-consortium-submits-lowest-bid-for-abu-dhabis-2gw-al-dhafra-solar-pv-project/ . live .
  6. News: Abu Dhabi opens one of the world's largest solar projects ahead of Cop28 . Benny . John . The National . Abu Dhabi . 16 November 2023 . 30 November 2023 . 2 December 2023 . https://web.archive.org/web/20231202192655/https://www.thenationalnews.com/business/energy/2023/11/16/abu-dhabi-opens-one-of-the-worlds-largest-solar-projects-ahead-of-cop28/ . live .
  7. News: Whalen . Jeanne . August 27, 2021 . U.S. begins detaining solar panel imports over concerns about forced labor in China . . August 29, 2021 . July 23, 2022 . https://web.archive.org/web/20220723014622/https://www.washingtonpost.com/business/2021/08/27/customs-detains-chinese-solar-panels/ . live .
  8. Web site: DOC Issues . Morgan Lewis . 2024-03-18 . 2024-03-07 . https://web.archive.org/web/20240307202944/https://www.morganlewis.com/pubs/2023/09/doc-issues-final-decision-in-auxin-solar-case-on-certain-cells-and-modules-from-southeast-asia . live .
  9. Web site: Department of Commerce Issues Final Determination of Circumvention Inquiries of Solar Cells and Modules from China . US Department of Commerce . 18 August 2023 . 2024-03-18 . 2024-03-09 . https://web.archive.org/web/20240309011205/https://www.commerce.gov/news/press-releases/2023/08/department-commerce-issues-final-determination-circumvention-inquiries . live .
  10. Web site: Kennedy . Ryan . 2023-05-09 . Federal agents raid JinkoSolar factory in Florida . 2023-05-09 . pv magazine USA . en-US . 2023-05-09 . https://web.archive.org/web/20230509173947/https://pv-magazine-usa.com/2023/05/09/federal-agents-raid-jinkosolar-factory-in-florida/ . live .
  11. Web site: US Queries Solar Supply Import Chains Amid China Crackdown . Bloomberg News.
  12. News: 'Silicon Module Super League' big-six to reach 50% global market share in 2016. PV Tech. 2018-07-20. en. 2018-07-05. https://web.archive.org/web/20180705150856/https://www.pv-tech.org/editors-blog/silicon-module-super-league-big-six-to-reach-50-global-market-share-in-2016. live.
  13. Web site: Yuen . Simon . JinkoSolar to sell Xinjiang subsidiary for US$606 million . PVTech.
  14. Web site: DuPont, JinkoSolar sign agreement for strategic collaboration . greentechlead.
  15. Web site: solar magazine . TOPCon Solar Cells: The New PV Module Technology in the Solar Industry.
  16. Web site: Pyper . Julia . JinkoSolar Set to Build a US Factory, the First Planned in Response to Tariffs . gtm . 18 December 2023 . 18 December 2023 . https://web.archive.org/web/20231218211526/https://www.greentechmedia.com/articles/read/jinko-solar-first-us-manufacturing-trump-solar-tariff . live .
  17. Web site: Blotch . Michael . JinkoSolar Continues To Power Through Pandemic . solarquotes . 7 December 2020 . 2023-12-18 . 2021-02-18 . https://web.archive.org/web/20210218002910/https://www.solarquotes.com.au/blog/jinkosolar-q3-results-mb1791/ . live .
  18. Web site: JinkoSolar to open 7-GW ingot, wafer plant in Vietnam in Q1 2022 . Renewables now . 2023-12-21 . 2023-12-21 . https://web.archive.org/web/20231221174742/https://renewablesnow.com/news/jinkosolar-to-open-7-gw-ingot-wafer-plant-in-vietnam-in-q1-2022-755414/ . live .
  19. Web site: Colville . F . JinkoSolar poised to regain No. 1 module supplier in 2023, targets 100GW shipments in 2024 . pv Tech . 4 September 2023 . 2023-12-21 . 2023-12-21 . https://web.archive.org/web/20231221174741/https://www.pv-tech.org/jinkosolar-poised-to-regain-no-1-module-supplier-in-2023-targets-100gw-shipments-in-2024/ . live .

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "JinkoSolar".

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