Xinyou PV Rio Tinto Market

On September 19, a member company of the Zhejiang Provincial Chamber of Commerce, Ningbo Xinyou Photovoltaic Co., Ltd. also shipped a batch of solar cells to Inner Mongolia. Taking advantage of the resources advantages of the world's new energy (photovoltaic) trading center, Xinyou’s solar products are making great strides toward the mainland market.

"Xinyou" is a high-tech private enterprise. It settled in the Binhai Entrepreneurship Center in 2007 and is committed to the development and utilization of solar energy. With an annual investment of nearly ten million yuan in high-intensity investment in R&D and technical innovation, the company has successfully opened up the industrial chain and has a complete production line and quartz crucible production line from wafers, chips, cells and photovoltaic modules. 700 megawatts, ranking the forefront of the domestic industry.

Since the beginning of this year, the domestic photovoltaic market has been affected by fluctuations in foreign markets and has continued to slump. Many photovoltaic companies have struggled to maintain. However, “Xinyou” has always been at full capacity since the beginning of the year, and shipments have been increasing month by month. Zhang Yunguo, head of the company, said that this benefited from the company's complete product line. "At home, our sales of silicon wafers, solar cells and other products cover major coastal markets in Jiangsu, Zhejiang, Shanghai, and Guangdong. In the international market, Xinyou products are exported to Europe, South America, and Southeast Asia." As a result, corporate sales have grown at an average annual rate of more than 300%, and sales revenue exceeded 250 million yuan last year.

The development speed of “Xinyou” has attracted the attention of the world's PV trading centers. In May of this year, Xinyou accepted the invitation of the other party and formally entered the world's photovoltaic trading center.

It is reported that the World Photovoltaic Exchange Center is a world-class new energy trading center established by Shanghai Shangyi New Energy Technology Co., Ltd. in Shanghai. The center utilizes Yi Ya Tong Supply Chain Co., Ltd.'s globally more than 80 branches and supply chain networks, as well as all over China. 380 city-level distribution centers and logistics platforms have become global distribution centers for photovoltaic products. It is estimated that more than 300 photovoltaic companies' marketing headquarters and agencies will enter the market within two years, with daily purchases of about 1 billion yuan and annual transaction volume of about 300 billion yuan.

Zhang Yunguo believes that there are many companies in the world's PV trading centers that are much larger than Xinyou. In a place with a lot of sharks, they can force Xinyou to grow as quickly as possible. To this end, “Xinyou” successively established the Engineering Technology Research Center with the Ningbo Institute of Materials Technology and Engineering, Chinese Academy of Sciences, and cooperated with universities and colleges such as Ningbo University to accelerate the transformation of scientific research achievements. At present, the company's monocrystalline silicon rod production rate reached 82%, much higher than the industry average of 75%; single crystal cell photoelectric conversion efficiency reached 18.2%, also reached the industry-leading level.

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