Amid a 90-day trade truce between the U.S. and #china , the largest solar panel manufacturers from China are stepping up their push into emerging markets, taking advantage of a more stable external trade environment.
⚫ #TARIFF Break — A Window of Opportunity
• Jinko Solar and CSI Solar have stated that the tariff truce creates "relatively stable" conditions for supply and supply chain diversification.
• The U.S. accounts for only a small portion of China's exports due to tariffs in place since 2012.
⚫ Asian and Arab Focus
• Jinko is expanding its capacity in Saudi Arabia (a joint project with PIF and Vision Industries for 10 GW).
• CSI is continuing the construction of a factory in the U.S. (5 GW), but focusing more on Southeast Asia and other regions.
• Tongwei is exploring new locations in Asia, Latin America, and the Middle East but is not yet planning to build factories.
⚫ Shift of Manufacturing Capacity
• Due to the expansion of U.S. tariffs on Southeast Asian products, manufacturers will move some capacity to more "friendly" jurisdictions.
• CSI and Jinko are already redirecting logistics and localizing production in various countries.
Chinese solar giants view the tariff pause as an opportunity to speed up regional diversification, especially in countries in Asia, the Middle East, and Africa. The U.S. remains a challenging market, with a focus on localizing production.