At least 16 photovoltaic firms listed on the mainland have canceled or delayed over CNY60 billion (USD8.3 billion) of investment projects since the fourth quarter of last year, according to data gathered by Yicai
Chen estimated that only five to six of the existing 10 industry leaders would stay after the ongoing industry reshuffle
Lingda Group, a developer of thermal power generation systems, recently scrapped an investment scheme of CNY9.2 billion (USD1.3 billion) after making big noise about venturing into solar power
LONGi optimized its structure and downsized due to falling prices
Former employees said that the firm may have laid off about 30 percent of its staff. On April 7, the company responded that the adjustment involved 5 percent of its headcount.
In the past 18 months, companies added more capacity than in the past 18 years.
China’s production capacity of silicon materials, silicon wafers, and modules will each exceed 1,000 gigawatts by this year, according to PV InfoLink