Featured in The hunt for high efficiency – 06-2025

Green economy dominance

Both the solar module and battery manufacturing industries have been dealing with excess production capacity in recent years, and each is undergoing its own set of market adjustments in 2025. This has meant challenging conditions for manufacturing equipment suppliers in either sector. But there is still plenty of opportunity to deploy the latest technologies at scale, and to assist suppliers moving into new regions. The long-term outlook for both sectors is strong, as pv magazine heard from Wang Yanqing, Chairman of solar and battery production equipment supplier Lead Intelligent, headquartered in Wuxi, China.

By

Mark Hutchins

11 Jun 2025

In early 2025, Lead Intelligent delivered a 100 MW perovskite production line to a client in China. | Image: Lead Intelligent

In 2025, the solar manufacturing industry is struggling to emerge from almost two years of major oversupply, that has seen prices for PV modules fall and remain well below production cost for many suppliers. Energy storage manufacturing has been going through a similar adjustment over the past couple of years, though the market is now …

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