Longi Leads Solar Panel Makers into Battery Storage

On November 14th, Chinese solar equipment producers, including Longi Green Energy, are pivoting from solar panels to battery storage solutions due to a severe oversupply issue. Longi is acquiring a majority stake in PotisEdge, a local battery storage manufacturer, as part of a broader industry trend. This shift comes amidst intense competition, low-quality production, and significant job cuts in the sector. Despite ongoing losses, Longi is optimistic about returning to profitability through their new focus on energy storage.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.