The recent big move of JinkoSolar is partnering with PIF Public Investment Fund and VI (Vision Industry Company) to establish its fourth overseas factory in Saudi Arabia, symbolizing a significant engagement amid the evolving overcapacity and energy rivalry.
This breakthrough not only marks a pivotal moment for JinkoSolar but also highlights its response to overcapacity and increasing market accessibility questions for made-in-China products. JinkoSolar’s deliberate and pragmatic overseas manufacturing investment aligns its globalization strategy with market dynamics.
Chinese solar manufacturers are actively pursuing global expansion. However, providing adequate support for products sold overseas presents increasing challenges. Without local services and local manufacturing, ensuring customer and policy satisfaction becomes difficult. Establishing maintenance centres, factories, and supply chains in target markets is essential.
In that context, Jinko Solar’s partnership with PIF and VI enhances its localization capabilities and resources, fulfilling government requirements. Saudi Arabia’s willingness to expand market access to JinkoSolar signals a notable stride toward enhanced international cooperation.
Despite intense competition, JinkoSolar achieved a high delivery of 43.8GW in the first half of the year, securing its No.1 position, indicating that new entrants and less competitive rivals struggled to carve out significant niches.
