Longi Solar Technology Co., Ltd. is headquartered in Xi'an with a registered capital of 2 billion yuan. It is a wholly-owned subsidiary of Longi Green Energy Technology Co., Ltd. (SH601012), a leading global manufacturer of monocrystalline silicon photovoltaic products. Longi Solar focuses on the R&D, production and sales of solar monocrystalline cells and modules, and its module shipments have ranked the world's first echelon for many consecutive years.
In 2019, the company's battery module shipments reached 9.08GW, an increase of 28.39% year-on-year. According to the ranking of photovoltaic module shipments released by Global Data, Longi's global component shipments ranked top 4 in the list for two consecutive years from 2018 to 2019,and Global shipments are expected to increase further in the future.
By the end of 2019, the company's monocrystalline module production capacity reached 14GW. It is estimated that by the end of 2020, the production capacity of monocrystalline modules will reach more than 30GW. The new production capacity will continue to adapt to the market's demand for more efficient technical products, more competitive and customer value. Among them, the capacity of 166 modules represented by large-size high-efficiency rate will exceed 20GW in 2020, which will provide a favorable resource guarantee for Longi's global production capacity growth and sufficient supply of monocrystalline products.
The company continues to drive the popularity of photovoltaics with a technological revolution and has a world-leading R&D center for battery modules. The conversion efficiency of the company's PERC monocrystalline battery reached 24.06%, the conversion efficiency of the single crystal module reached 22.38%, and the battery and module technology broke the world record many times.
Longi Solar, adhering to the parent company's technology-oriented spirit, has invested in the construction of a battery research center and module design center, equipped with advanced research and development equipment and testing equipment, based on the parent company's global leading R&D facilities such as monocrystalline growth, slicing, and automation equipment，and has established a professional research team. In addition, Longi Solar has reached strategic cooperation with DuPont, 3M, University of New South Wales, Huawei, Sun Yat-sen University and other international well-known enterprises and research institutes to jointly enhance the value of photovoltaic end customers.