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JinkoSolar

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JinkoSolar Holding Co., Ltd.
Native name
晶科能源股份有限公司
Company typePublic
NYSE: JKS
ISINUS47759T1007
IndustryPhotovoltaics
Founded2006; 18 years ago (2006)
HeadquartersShanghai
Key people
Xiande Li (Chairman & CEO)[1]
Number of employees
46,511 (2022)[2]
Websitewww.jinkosolar.com Edit this at Wikidata

JinkoSolar Holding Co., Ltd. (NYSE: JKS) is a solar module manufacturer headquartered in Shanghai, China, and listed on the New York Stock Exchange since 2010. Its subsidiary Jinko Solar Co., Ltd. (SSE: 688223) was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.

History

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In December 2006, JinkoSolar was established in December 2006 in Shangrao, Jiangxi, China.[3]

In May 2010, JinkoSolar was listed on the New York Stock Exchange. In 2015, JinkoSolar established manufacturing operations in Malaysia.[4]

Jinko Solar provided the equipment for, and has a 20% ownership stake in, the 2 GW Al Dhafra Solar project in the United Arab Emirates, which was announced in 2020 and opened in 2023 and was one of the world's largest solar projects.[5][6]

In 2021, the U.S. Customs and Border Protection began blocking the import of JinkoSolar products into the United States due to concerns about the use of forced Uyghur labor.[7] In August 2023, the U.S. Department of Commerce determined that JinkoSolar had not circumvented tariffs on Chinese made goods.[8][9]

In May 2023, agents from the United States Department of Homeland Security and Federal Bureau of Investigation raided JinkoSolar's offices in Jacksonville, Florida.[10] A survey conducted by US Customs and Border Protection in 2024 indicated taking a strong enforcement approach that will be difficult to answer for small/medium-sized solar companies without stable supply chain. Increased enforcement was noted by Roth Capital Partners to be beneficial for larger manufacturers such as Jinko, who had "mostly cleared the UFLPA gauntlet".[11] As of May 2024, no further action has been taken by federal officials on the matter.[12]

Recognition

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JinkoSolar is a member of the Silicon Module Super League. The four other original members of the group are Canadian Solar, Hanwha Q CELLS, JA Solar, and Trina Solar.[13]

Manufacturing

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JinkoSolar produces ingots, wafers, cells, and modules. Solar photovoltaic modules are the company's main product.[14]

In 2015, JinkoSolar entered a partnership with DuPont to incorporate materials into photovoltaic metallization pastes and polyvinyl fluoride films in its solar modules.[15]

JinkoSolar began mass production of n-type TOPCon cells in 2019.[16] Also in 2019, Jinko officially opened the company's first U.S. factory.[17][18] In 2022, the company established a factory in Vietnam.[19][20]

References

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  1. ^ "JinkoSolar Holding Co., Ltd. (NYSE:JKS) Q3 2023 Earnings Call Transcript". Yahoo Finance.
  2. ^ "JinkoSolar Holding Number of Employees 2010-2023". Macrotrends.
  3. ^ "JinkoSolar". Asia Fund Managers. 15 March 2023. Archived from the original on 2024-03-18. Retrieved 2024-03-18.
  4. ^ "JinkoSolar Inaugurates Solar Cell & Module Manufacturing Facility". solarhub. 26 May 2015. Archived from the original on 2023-12-21. Retrieved 2023-12-21.
  5. ^ "EDF, Jinko Power consortium submits lowest bid for Abu Dhabi's 2GW Al-Dhafra Solar PV project". SaudiGulf Projects. 28 April 2020. Archived from the original on 25 April 2023. Retrieved 27 September 2020.
  6. ^ Benny, John (16 November 2023). "Abu Dhabi opens one of the world's largest solar projects ahead of Cop28". The National. Abu Dhabi. Archived from the original on 2 December 2023. Retrieved 30 November 2023.
  7. ^ Whalen, Jeanne (August 27, 2021). "U.S. begins detaining solar panel imports over concerns about forced labor in China". The Washington Post. Archived from the original on July 23, 2022. Retrieved August 29, 2021.
  8. ^ "DOC Issues". Morgan Lewis. Archived from the original on 2024-03-07. Retrieved 2024-03-18.
  9. ^ "Department of Commerce Issues Final Determination of Circumvention Inquiries of Solar Cells and Modules from China". US Department of Commerce. 18 August 2023. Archived from the original on 2024-03-09. Retrieved 2024-03-18.
  10. ^ Kennedy, Ryan (2023-05-09). "Federal agents raid JinkoSolar factory in Florida". pv magazine USA. Archived from the original on 2023-05-09. Retrieved 2023-05-09.
  11. ^ "US Queries Solar Supply Import Chains Amid China Crackdown". Bloomberg News.
  12. ^ Basch, Mark. "JinkoSolar: No federal action since search". Jax daily news. Retrieved 2 October 2024.
  13. ^ "'Silicon Module Super League' big-six to reach 50% global market share in 2016". PV Tech. Archived from the original on 2018-07-05. Retrieved 2018-07-20.
  14. ^ Yuen, Simon. "JinkoSolar to sell Xinjiang subsidiary for US$606 million". PVTech.
  15. ^ "DuPont, JinkoSolar sign agreement for strategic collaboration". greentechlead.
  16. ^ "solar magazine". TOPCon Solar Cells: The New PV Module Technology in the Solar Industry.
  17. ^ Pyper, Julia. "JinkoSolar Set to Build a US Factory, the First Planned in Response to Tariffs". gtm. Archived from the original on 18 December 2023. Retrieved 18 December 2023.
  18. ^ Blotch, Michael (7 December 2020). "JinkoSolar Continues To Power Through Pandemic". solarquotes. Archived from the original on 2021-02-18. Retrieved 2023-12-18.
  19. ^ "JinkoSolar to open 7-GW ingot, wafer plant in Vietnam in Q1 2022". Renewables now. Archived from the original on 2023-12-21. Retrieved 2023-12-21.
  20. ^ Colville, F (4 September 2023). "JinkoSolar poised to regain No. 1 module supplier in 2023, targets 100GW shipments in 2024". pv Tech. Archived from the original on 2023-12-21. Retrieved 2023-12-21.
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