LONGi Green Energy Technology Co., Ltd. — Cyborg Score 5/10
Mixed
Solar Photovoltaic Manufacturing
Strategic Profile
LONGi produced 106 gigawatts of solar silicon wafers and 70 GW of solar modules in 2024, with solar modules contributing 80% of revenue. The company faces significant headwinds from intense industry competition and pricing pressure, with expectations for a net loss of CNY8.2-8.8 billion in 2024 mainly due to intensifying competition, though management anticipates operational improvements in 2025 despite continued capacity-demand imbalances.
Cyborg Score Rationale
LONGi has been called the fastest growing PV manufacturer in the industry and maintains market leadership in monocrystalline technology. However, the company reported significant 2024 losses due to competitive pressures and inventory challenges in its next-generation product lines, with declining margins offsetting its scale advantages.
Top Insights
LONGi has been called the fastest growing PV manufacturer in the industry
Produced 106 gigawatts of solar silicon wafers and 70 GW of solar modules in 2024
Initial mass production of first-generation back contact cell modules faced bottlenecks; second-generation modules further affected performance due to inventory impairment
Global distribution network spans 150+ countries with strong European and Asian presence alongside emerging US market penetration
Named Competitors
Jinko Solar — Leading solar module and wafer manufacturer
Canadian Solar — Global solar module and energy storage provider
Trina Solar — Integrated solar manufacturer and developer
First Solar — Thin-film solar module manufacturer
Recent Developments
(November 2025) Completed merger/acquisition with iPotisEdge
(January 2025) Anticipated 2024 net loss of CNY8.2-8.8 billion due to intensifying competition and inventory impairment
(2024) Produced 106 GW solar silicon wafers and 70 GW solar modules; experienced significant operational challenges with next-generation product lines
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