L R AS Published on Sunday 13 September 2020 - n° 331 - Categories:company results

34% growth in first-half deliveries at Tongwei

Tongwei, the Chinese silicon and cell manufacturer, delivered 7.7 GW of cells in the first half (+34% over 2019). Sales were

stagnated at $855 million last year.

The company is increasing its wafer requirements to increase production. LONGi will supply an additional 1 billion wafers bringing Tongwei's order to 2.6 billion. The forecast capacity of 40 GW of cells to be manufactured in 2021 has just been raised to 60 GW. Two factories with a total of 15 GW will come into service next year.

https://www.pv-tech.org/news/tongwei-secures-extra-1-billion-wafer-supply-from-longi-as-targets-over-40gw-cell-capacity-in-2021

PV Tech of 12 September

Editor's note The health crisis? Which crisis? The increase in sales is 34%. On the other hand, the drop in prices cancelled out this increase in deliveries. We don't know the net profit for this period, i.e. whether the increase in production expenses linked to volume could be absorbed by the turnover.see Aiko: 30% more cell deliveries in the first half of the year at Aiko

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