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China’s Longi plans to set up more manufacturing plants overseas
Longi Green Tech, the world’s biggest monocrystalline silicon solar maker, is looking to set up more manufacturing plants overseas, aiming to seize a bigger market share and avoid hefty U.S. import tariffs. The Xi’an-headquartered Longji Green Technology Co has two offshore plants in Malaysia and Vietnam, accounting for about 1% of its total wafer capacity and 20% of its cell and module products capacity. “Recently we are actively studying to build manufacturing plants in other regions with advantageous production factors, such as India, Saudi Arabia and the U.S.,” Li Zhenguo, President of Longi Green Tech, told an online media roundtable on Thursday.