DALIAN, China -- Seven leading Chinese solar panel makers logged a combined net loss last year for the first time in comparable data going back to 2017, as heavy investment in new production left supply far outstripping demand.
Worsening capacity glut drags down prices and creates friction with Europe
Chinese companies account for more than 80% of global production capacity in the solar industry. © Reuters
DALIAN, China -- Seven leading Chinese solar panel makers logged a combined net loss last year for the first time in comparable data going back to 2017, as heavy investment in new production left supply far outstripping demand.