Jinko Solar panel

Jinko solar panel:

• In 2006, JinkoSolar Co., Ltd. was established.
• In 2007, silicon ingot production commenced.
• In June 2009, JinkoSolar acquired Zhejiang Sun Valley (a manufacturer of solar modules).
• In September 2009, it launched China’s first fully automatic module production line using NPC technology.
• In April 2010, a subsidiary was established in Munich, Germany.
• In May 2010, JinkoSolar successfully went public and was listed on the New York Stock Exchange.
• In September 2010, a North American subsidiary was established in San Francisco, USA.
• In November 2010, JinkoSolar successfully issued 3.5 million American Depositary Shares (ADS) on the NYSE.
• In January 2011, a subsidiary was established in Bologna, Italy.
• In August 2011, subsidiaries were established in Montpellier, France, and Zug, Switzerland.
• In October 2011, JinkoSolar became the advertising partner of the San Francisco 49ers football team and the German national football team.
• In February 2012, JinkoSolar partnered with Valencia Club de Fútbol in Spain, becoming its global main sponsor.
• In 2015, the Malaysian base was completed and put into operation.
• In 2016, JinkoSolar became the world’s largest module manufacturer.
• In 2019, it ranked first globally in module shipments for four consecutive years.
• In 2020, cumulative shipments exceeded 70 GW, ranking first globally.

CEO of Jinko solar panel

In 2001, Wuxi Shangde established the first 10MW commercial photovoltaic cell production line in China, marking the beginning of founder Shi Zhengrong’s journey to becoming the richest person in the country. Meanwhile, Li Xianshou, who had worked at the Cultural Bureau of Yuhuan County in Zhejiang for ten years, ventured into business by establishing Yuhuan County Sunshine Energy Co., Ltd. The company focused on the production and sale of solar cell modules and solar power systems.

Four years later, Wuxi Shangde was listed on the New York Stock Exchange. Li Xianshou, along with his business partners, moved from Yuhuan County to Jiaxing Yaozhuang, a small town, and invested in founding Yuhui Solar.

Li Xianshou demonstrated keen business acumen by noticing that globally, between 6,000 to 8,000 tons of silicon waste and scraps were discarded each year, with few paying attention to recycling and related issues. Recognizing the significant market potential, he made a creative decision to use silicon waste instead of polysilicon to manufacture silicon wafers. This significantly reduced Yuhui Solar’s production costs compared to its peers.

Within just over a year of its establishment, Yuhui Solar expanded rapidly and went public in London in 2006, becoming the second Chinese solar energy company to be listed overseas.

While Li Xianshou was pioneering the solar industry, his two younger brothers pursued different paths. The second brother, Li Xianhua, managed an automotive repair business, while Li Xiande became the head of a branch of an installation engineering company.

The careers of the three brothers intersected in 2006. Inspired by the success of the eldest brother Li Xianshou, the two younger brothers sold their respective assets and subsequently established Desheng Solar Energy Co., Ltd. and JinkoSolar Energy Co., Ltd. At JinkoSolar Energy, Li Xiande served as chairman, and Li Xianhua as general manager.

The joint venture of the two brothers was initially intended to provide support to their elder brother’s business, as Yuhui Solar’s production of silicon wafers required large amounts of raw materials. However, upon entering the photovoltaic industry, they realized that the opportunities were far greater than expected, surpassing their initial expectations.

On May 13, 2010, JinkoSolar Energy Holding Co., Ltd. was listed on the New York Stock Exchange, and in the following five months, its stock price surged by over 170%. Inspired by their eldest brother’s entry into the photovoltaic industry, Li Xiande and Li Xianhua’s life trajectories were altered.

About Jinko panel Company

Two years ago, JinkoSolar Energy (688223.SH) made its debut on the A-share Sci-Tech Innovation Board (STAR Market), addressing its own development shortcomings. At that time, it set a goal: to reclaim the top spot in global photovoltaic module shipments within three years.

On the evening of April 22, JinkoSolar Energy released its 2023 performance report: the company’s revenue exceeded 100 billion yuan, and it reclaimed the championship with a module shipment volume of 78.52GW (according to third-party data), achieving the “return of the king.” Although other major competitors have not released shipment data, in the industry’s view, “Jinko ranks first” is already a highly probable event.

JinkoSolar Energy’s chairman, Li Xiande, couldn’t help but feel emotional about achieving the goal so quickly. Over the past three years, the photovoltaic industry has been filled with a sense of depression due to oversupply, competition, and price wars. As a leader who embodies poetry and romance, confidence and toughness, rationality, and logic, Li Xiande often uses his “short essays” such as “Maximizing the Atmosphere of Hard Battles,” “Fear Not, Just Fight,” “2023, Let Us Grow Fiercely,” and “Believe” to instill confidence and stimulate combativeness within the team.

Behind this success is also the strategic choice of the TOPCon cell technology route by JinkoSolar Energy, driven by the urgent need to seize the first-mover advantage. In the context of technological iteration, the TOPCon cell technology was questioned as transitional during 2022-2023, and there were concerns that it might face oversupply challenges, leading to investment risks. Furthermore, the total investment of 56 billion yuan for the 56GW Shanxi vertical integration project announced by JinkoSolar Energy has also attracted attention from investors and regulatory authorities.

Since 2024, controversies over technology in the photovoltaic industry have not stopped, and the fierce competition behind the huge production capacity is ongoing, testing the profitability of companies. However, in the blink of an eye, JinkoSolar Energy has unveiled its future “three-step plan,” further prioritizing energy storage business and striving to become one of the top three global energy storage suppliers within three to five years.

On April 25, when interviewed by China Business News, JinkoSolar Energy stated that the N-type TOPCon technology has become the mainstream route in the market and is expected to maintain its mainstream status for the next three to five years. The company has also reserved various N-type TOPCon-based technology reserves and perovskite tandem cell technology, and BC technology can be deployed as a market technology route branch. In addition, the company will leverage its global brand channels to steadily promote the coordinated development of photovoltaic and energy storage businesses.