Deye Group

About Deye Group

Deye Group is a manufacturing technology enterprise that researches, designs, produces, and sells its products and services. The company, formally established in 1990 by founder and chairman Zhang Hejun, initially focused on other ventures before entering the inverter manufacturing space. The inverter subsidiary, Ningbo Deye Inverter Technology Co., Ltd., was founded in 2007. The parent company, Deye Group, was listed on the Shanghai Stock Exchange in April 2021.

The company's business is segmented into four primary industrial chains: solar inverter systems, frequency conversion control systems, environmental electrical appliances, and heat exchanger series. Deye provides comprehensive photovoltaic power system solutions for residential, commercial, and utility-scale applications. Its product portfolio includes a wide range of grid-tied string inverters, hybrid inverters, and microinverters. The company also manufactures energy storage systems (ESS), including both low and high-voltage batteries, and is developing solutions that integrate solar inverters with electric vehicle (EV) charging. Its business model is based on the direct sale of these products to a global market, with sales covering more than 50 countries.

Significant milestones include launching its first-generation hybrid inverter in 2017 and becoming a top three brand for hybrid inverters in South Africa and Pakistan by 2019. By 2020, overseas market sales for Deye inverters had grown to RMB 334 million. The company serves a global client base, with strategic partnerships with major brands like Midea and Haier. It operates multiple production bases and R&D centers, investing in automated production lines to ensure efficiency and product quality.