Central enterprises halt acquisition of photovoltaic panel companies

Why are Chinese solar panel manufacturers seeking a government intervention?

REUTERS/Stringer/File Photo Purchase Licensing Rights SHANGHAI, June 12 (Reuters) - Chinese solar panel manufacturers said they are seeking immediate government intervention to curb investment and industry collaboration to arrest a plunge in prices of solar cells and modules, as the industry faces overcapacity.

Is China's solar panel industry in upheaval?

The country’s solar panel exports, measured by how much power they can produce, jumped another 10 percent in May over last year. But China’s solar panel domestic industry is in upheaval. Wholesale prices plummeted by almost half last year and have fallen another 25 percent this year.

Will competition drive China's solar panels into bankruptcy?

However, with no end in sight for the plunge in prices, industry officials and analysts said intense competition was threatening to drive smaller producers into bankruptcy. Rapid capacity additions drove down prices of China's finished solar panels by 42% last year.

Did China circumvent rules to prevent subsidized solar panels from flooding US market?

The Commerce Department initiated its investigation on March 25 after Auxin Solar, a small solar panel manufacturer based in California, filed a petition requesting an inquiry into whether China was circumventing rules intended to prevent state-subsidized solar parts from flooding the U.S. market.

Why are US and China battling over solar panels?

The clash is the latest chapter in a decade-long conflict between the United States and China over the solar industry. In 2012, the United States began imposing duties on Chinese solar panels, arguing that Chinese manufacturers were unfairly selling their products in the United States at prices below the cost of production.

Did CBP seized solar products linked to hoshine?

At ports around the country, CBP agents seized and detained any solar products they suspected had links to Hoshine, unless companies could prove they did not.