In the first quarter, the market saw its first signs of calm. This was spurred by strong demand for renewable energy products. Moreover, the scarcity of electricity in many regions also drove the market up.
Jinkosolar had an excellent quarter, with third-party shipments reaching 8.031 GW, followed by Trina with third-party delivery of 7.1 GW, and JA in 3rd with 6.6 GW, Longi in 4th with 6.35 GW and the Canadian solar only in 5th with 3.4~3.6GW.
JinkoSolar’s exemplary performance despite logistical constraints came as no surprise. The company has been able to replicate its success and good business performance in its home country as well as in other parts of the world. As for the recent product launch, the ramping up delivery of the n-type Tiger Neo should be highlighted, as it emerges as the potential best-seller in the near future for all application scenarios.
On the cost side, the upward trend is expected to continue as polysilicon continues to be in short supply with serious capacity constraints. This prevents prices from stabilizing at lower levels. China’s strict pandemic response policy has led to supply chain disruptions and also affected domestic logistics. These issues were also responsible for the rising costs.