On January 10th, JA Solar announced its continued expansion of overseas production capacity.
Currently, apart from trade barriers in the United States, other regions have relatively fewer tariff barriers. The cost curve is maturing, and improved automation levels have made it easier to replicate the industry globally. Vietnam, for example, has achieved good production capacity with cost control levels close to those in China, leading to significant layout there, said the company.
When selecting other countries and regions for capacity expansion, the company will consider various factors such as the local policy environment, tariff situation, and market size, aligning with the company’s future globalization development strategy.
Europe’s installation demand slowed in 2024, partially due to the economic downturn in core demand growth countries like Germany and the Netherlands, which affected electricity prices and demand. However, Europe has many countries with scattered growth points, making it challenging to accurately predict market trends despite accelerated growth. A steady growth is expected in Europe in 2025.
Currently, the company plans to build a 6GW high-efficiency solar cell and 3GW high-power solar module project in Oman.
