LONGi Green Energy Technology Co., Ltd.: Business Overview, Financials & Competitive Analysis
LONGi Green Energy Technology Co., Ltd. scores 5/10 on the AskCyborg Cyborg Score (Mixed). Market-leading position in monocrystalline solar technology challenged by industry overcapacity and pricing compression, with recovery dependent on successful next-generation product commercialization. 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.
What is LONGi Green Energy Technology Co., Ltd.'s industry? LONGi Green Energy Technology Co., Ltd. (longi.com) operates in Solar Photovoltaic Manufacturing. AskCyborg classifies LONGi Green Energy Technology Co., Ltd. under Solar Photovoltaic Manufacturing in its company registry.
LONGi is the world's largest manufacturer of monocrystalline silicon wafers and one of the largest integrated solar company in the world. The company manufactures and sells photovoltaic products in China, Europe, the ...
Cyborg Score thesis
Market-leading position in monocrystalline solar technology challenged by industry overcapacity and pricing compression, with...
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Get Current Report FreeLONGi Green Energy Technology Co., Ltd. Overview
Pro stress-test →LONGi is the world's largest manufacturer of monocrystalline silicon wafers and one of the largest integrated solar company in the world. The company manufactures and sells photovoltaic products in China, Europe, the Asia Pacific, and the United States, with products sold in more than 150 countries and regions.
Strategic Profile
Pro stress-test →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.
Competitive Landscape
Pro stress-test →LONGi is one of the largest integrated solar companies in the world, competing directly with other major solar manufacturers in modules and silicon wafers. The company faces intense competitive pressure on pricing and margins, with competitors including Jinko Solar, JinkoSolar, and other Asian-based solar manufacturers. The industry faces imbalance between capacity and demand in 2025, though overall operating situation expected to improve compared to 2024.
Industry Context
LONGi Green Energy Technology Co., Ltd. operates in Solar Photovoltaic Manufacturing.
Key facts
Founded: 2000 · Headquarters: Xi'an, China · Employees: 37,853 · Revenue: $10.4B · Market cap: $19.2B