Longi Chairman Plans Major Expansion of Battery Business Over Five Years

8 articles · Updated · Bloomberg · Apr 30

Zhong Baoshen announced the goal after Longi Green Energy Technology reported its fifth consecutive quarterly net loss.
The company aims for its energy storage segment to match the scale of its core solar business within five years, signaling a strategic pivot.
This move reflects mounting financial pressures on China’s leading solar equipment makers, who are increasingly diversifying to sustain growth amid industry challenges.

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