LONGi explained

LONGi
Industry:Silicon production
Predecessors:-->
Successors:-->
Founders:-->
Hq Location Country:China
Areas Served:-->
Key People:Baoshen Zhong
Owners:-->

Xi'an LONGi Silicon Materials Corporation is a Chinese silicon producer. LONGi was established in 2000 and is the world's largest monocrystalline silicon producer. Baoshen Zhong is LONGi's chairman.

History

In early 2016, LONGi signed a $1.84 billion solar panel sales agreement with SunEdison Products Singapore and agreed to purchase silicon manufactured in South Korea. LONGi also took over SunEdison's Malaysian silicon plant.[1] [2]

In early 2018, LONGi announced plans to build a new 5 GW module assembly plant in the Chuzhou Economic and Technological Development Zone in China's Anhui province, pending an internal review process, then an investment of approximately RMB 1.95 billion (US$300 million) and approximately 28 months of construction and start-up for manufacturing operations to commence.[3] [4]

In 2024, LONGi announced plans to reduce workforce overcapacity by 30% staff reductions.[5] In April 2024, the European Commission initiated an investigation into LONGi over anti-competitive subsidies.[6]

Notes and References

  1. http://investors.sunedison.com/phoenix.zhtml?c=106680&p=irol-newsArticle&ID=2140389
  2. Web site: LONGi Signs to Buy SunEdison’s Wafer Plant and Polysilicon. EnergyTrend of TrendForce Corp. 2016-02-22 18:24 . 2024-03-19 . 2024-03-19 . https://web.archive.org/web/20240319134355/https://www.energytrend.com/news/20160222-10217.html . live .
  3. https://www.pv-tech.org/news/longi-plans-new-5gw-module-assembly-plant-in-china Osborne, M. LONGi plans new 5GW module assembly plant in China. Jan 05, 2018 12:49 PM GMT
  4. https://www.sfe-solar.com/noticias/articulos/jinko-solar-longi-solar-comparativa-paneles-solares/, Longi and Jinko brands
  5. Web site: Yuen S. LONGi reportedly to layoff 30% of workforce. PV Tech. March 18, 2024. . March 19, 2024 . March 19, 2024 . https://web.archive.org/web/20240319133728/https://www.pv-tech.org/longi-layoff-30-of-workforce/ . live .
  6. News: April 3, 2024 . EU investigates Chinese bidders over Romania solar tender . April 3, 2024 . Reuters.