Forging Ahead in 2025 | Tongwei's Annual Keyword: Setting Sail for Global Expansion—"Going Global" and "Excelling Globally", China's PV Strength Shapes a "National Symbolic Brand"!

2025-01-13

With the mountains and rivers standing firm and massive, the currents of time continue to surge;

With the new journey stretching far and wide, we march forward bravely and steadfastly.

Over the past two years, the consensus among many Chinese enterprises has become clear: "Go global, or get knocked out". In the context of a saturated domestic market and slowing internal demand growth, global expansion has emerged as a new direction for corporate development. From product exports to brand globalization, from business outreach to organizational expansion, and from manufacturing to intelligent manufacturing, Chinese companies are transitioning from merely "going out" to a deeper level of globalization.

Over the past 2024, Tongwei has taken every firm step towards globalization: we have showcased our new technologies and products at major global energy exhibitions; we have collaborated with international partners to deliver a continuous supply of clean energy worldwide through China's intelligent manufacturing; our modules have illuminated the globe, exporting to over 70 countries and regions... The globalization of China's PV enterprises, represented by Tongwei, is not just about crossing mountains and seas to reach the global stage, but also about adapting to local conditions and integrating into the global market.

Tongwei's Annual Keyword ②

Setting Sail for Global Expansion

RMB 1.06 Trillion

In 2023, the combined export value of "new three products" including EVs, lithium batteries, and PV products reached RMB 1.06 trillion, surpassing the trillion mark for the first time.

Over 200 Countries and Regions

In the first three quarters of 2024, China's exports of "new three products" totaled RMB 757.83 billion, accounting for 4.1% of the country's total export value, with markets spanning over 200 countries and regions.

6 Years

As of the end of September 2024, China's installed capacity for renewable energy reached 1.25 billion kilowatts, achieving the target set at the Climate Ambition Summit six years ahead of schedule, which aims for over 1.2 billion kilowatts of wind and solar power generation capacity by 2030.

In recent years, China has actively fulfilled its commitments to carbon peaking and carbon neutrality. It has accelerated the transformation of its industrial structure, vigorously developed new quality productive forces, and established the world's largest and most comprehensive new energy industry chain, with the production scale of clean energy equipment such as wind power and PV power generation ranking first globally. In addition, the "new three products" have delivered impressive results, serving as a remarkable "business card" for China to share the achievements of its green transformation with the world.

The robust development of China's new energy industry presents new opportunities and adds fresh momentum to the global green transformation. Behind the impressive figures lies the proactive implementation of the "going global" strategy by China's PV enterprises, represented by Tongwei, which includes the consistent deepening of international cooperation, the expansion of their networks, and the collaboration of building a prosperous and symbiotic green ecosystem.

During the 2024 the 7th China International PV and Energy Storage Industry Conference, Liu Hanyuan, Deputy to the NPC, Vice Chairman of the All-China Federation of Industry and Commerce, and Chairman of the Board of Directors of Tongwei Group, stated that in promoting the global energy transition, the globalization of China's capital, PV industry, and electric vehicle electrification can effectively support the creation of a community with a shared future for mankind. This will truly position China at the center of the global stage to become a key driver of economic development and lead the construction of a global community with a shared future for mankind. The PV sector still has significant potential in light of the immense future demand for photovoltaics.

In this issue, we will focus on the international expansion of China's PV sector, illustrating how Chinese companies like Tongwei are not only "going global" but also "excelling globally", forging a "national symbolic brand" through their strength.

Applauding for China's Intelligent Manufacturing

Authoritative Media from Both China and Abroad Witness the Rise of China’s Strength

The rapid development of a green low-carbon economy, accelerated green transformation of the manufacturing industry, global distribution of PV products, improved ecological conditions, ongoing climate change initiatives, and increased participation in global green cooperation are all part of the narrative. From detailed data to vivid case studies, from Chinese economy to global cooperation, the story of China's green development unfolds in reports from authoritative media outlets both domestically and internationally.

On July 15, 2024, Oriental Horizon on CCTV-13 aired a special feature titled

"The 'New Three Products' Become the Main Drivers of Export Growth: Where Does Green Energy Come From?"

focusing on the innovative achievements of Tongwei's new energy industry.

On April 21, 2024,CCTV News on CCTV-1

highlighted the record high total value of China's trade imports and exports in the first quarter

with a special report on the innovative capabilities of Tongwei, a global leader in PV technology

On multiple occasions, CCTV spotlighted the acceleration of PV companies entering emerging overseas markets, showcasing the global reach of Chinese PV products and demonstrating the technological leadership and robust development capabilities of companies like Tongwei, which has served as a "strong engine" for China's foreign trade.

On August 29, 2024, Morning News on CCTV-1

focused on Tongwei's active response to the Belt and Road Initiative

which positioned the company as a partner in green energy development in Africa

On September 6, 2024, Live News on CCTV-13

highlighted how Tongwei's efficient modules contribute to Africa's green low-carbon development

and inject strong green momentum into China-Africa economic and trade cooperation

The Financial Times reported that as Saudi Arabia's demand for green technology grows, China's exports and investments are surging into the country, reshaping a relationship once defined by oil trade. Data indicates that China has become Saudi Arabia's largest source of greenfield investments, with a total investment of USD 21.6 billion from 2021 to October 2024, approximately one-third of which is allocated to clean technology sectors such as cells, PV, and wind energy.

According to online reports from the RIA Novosti, China is actively transitioning towards renewable energy. By deploying new wind and PV power generation equipment, China's installed capacity for solar and wind energy has reached 1.206 billion kilowatts by 2024, achieving a target initially set for 2030.

A report from the Finnish think tank, the Centre for Research on Energy and Clean Air, indicates that in the first half of 2024, China's clean energy generation was equivalent to the total energy generation of the UK during the same period last year. The continuous growth of China's wind and solar energy production significantly outpaces that of other countries and regions, reaffirming a clear trend: China is leading the way in the clean energy sector.

As reported by ILO from South Africa, the deepening friendship between China and African nations, reinforced through frameworks such as the Forum on China-Africa Cooperation, the Belt and Road Initiative, and BRICS+, is laying a solid foundation for Africa's green economic transformation based on mutually beneficial bilateral relations and shared modernization commitments.

Splendid Debut

China's "Intelligent" Manufacturing Shines on the Global Stage

In the global new energy field, China has demonstrated strong competitiveness and innovative capabilities in all aspects, including wind power, PV, power batteries, and energy storage technologies.

Over the past two decades, China's PV industry has developed a complete global-leading industrial chain, from foundational technology to equipment manufacturing, achieving a remarkable transformation from following and catching up to keeping pace, and ultimately achieving surpassing and front-running. Currently, China accounts for over 90% of the global production capacity and output in many core segments of the PV sector, demonstrating a robust industry momentum.

Under new circumstances, internationalization and globalization are essential pathways for China's PV industry, which it has been actively pursuing. In response to the evolving global dynamics and intensified great power competition, expanding overseas has become a prominent trend for the PV sector in 2024.

Tongwei made a high-profile appearance on Intersolar Europe 2024 in Munich, Germany

In 2024, Tongwei's high-efficiency modules made a remarkable appearance at notable PV events such as Energyear ESPANA 2024 in Spain, WFES in Abu Dhabi, Intersolar in Germany, the All-Energy Australia, SNEC in Shanghai, and the 2024 China International PV and Energy Storage Industry Conference. These events displayed Tongwei's new technologies, products, and achievements to global customers, exemplifying China's prowess in intelligent manufacturing.

Tongwei's presence at SNEC in Shanghai

Tongwei's participation at Genera 2024 in Madrid, Spain

With Collaborative Progress

China's Intelligent Manufacturing is Leading Global Energy Development

With the rapid advancement of Chinese technology, China is emerging as a new engine for the world economy. As the innovation-driven development strategy is implemented, China's PV companies are vigorously enhancing new quality productive forces. They have significantly advanced the country's modernization process, while also contributing Chinese wisdom and solutions to address common global challenges.

On the path of globalization, Tongwei continuously strengthens technological innovation, enhances its core competitiveness, and promotes the global dissemination of Chinese PV technology, leading the innovation and progress of global PV technology through intelligent manufacturing.

In 2024, Tongwei signed cooperation agreements with several internationally renowned enterprises, including ACWA POWER, ENBW, KP Solar Group SMLLC, ECONERGY, EEN, and GoldenPeaks Capital Holdings, to jointly advance global green energy development.

Tongwei signed a contract with the well-known Australian distributor Blue Sun Group

Tongwei entered into an agreement with ACWA POWER

Tongwei signed a memorandum of cooperation with Korea Solar for a 100MW

Tongwei, PVO, and Oomi Solar signed a supply agreement for high-efficiency PV

Tongwei and GoldenPeaks Capital Holdings

officially signed a project supply agreement

In the first half of 2024 alone, Tongwei's global shipment of high-efficiency modules increased to 18.67GW, representing a year-on-year growth of 108.36%, providing global customers with high-quality products through its intelligent manufacturing.

Tongwei signed a cooperation agreement with Colibri Capital Ltda

Lighting Up the World

China’s Intelligent Manufacturing Is Injecting Vigorous Momentum into the Global Energy Transition

Tongwei's first batch of TNC-G12 modules was shipped to Rotterdam, Netherlands

The High-quality clean energy products and services from China have significantly reduced the cost of solar and wind energy globally. The accelerated iteration of new energy technologies has transitioned renewable energy from limited initial applications to a vital energy source for sustainable development worldwide.

As the global energy transition accelerates, the demand for PV products continues to rise across the world. Since 2022, Tongwei has strategically expanded its module business, leveraging its vertical integration advantages and the team's ongoing efforts to successfully penetrate the global market. Nowadays, Tongwei's modules are exported to over 70 countries and regions, providing a continuous supply of green clean energy locally.

Zonnepark Aadijk Project

Serbia

Austria

Switzerland

Italy

Hungary

In November 2024, Tongwei's European Marketing Center (Frankfurt) officially commenced, operating as a crucial bridge between Tongwei and customers across Europe. This commencement further enhanced local operational capabilities, and provided timely technical support to improve project implementation efficiency. Through more efficient and localized services, Tongwei aims to express the vision, "for a better life", in a renewed and deeper manner along the banks of the Main River and throughout Europe.