JinkoSolar

About JinkoSolar

Established in 2006 by Xiande Li, Kangping Chen, and Xianhua Li, JinkoSolar Holding Co., Ltd. has charted a significant course in the photovoltaic (PV) industry. The founders leveraged their prior experience in the energy and technology sectors to capitalize on the burgeoning solar market, with Xiande Li having previously served as a marketing manager at Zhejiang Yuhuan Solar Energy Source and chief operations supervisor at ReneSola. The company began by producing solar energy micro-crystalline silicon and quickly embarked on a strategy of vertical integration, a move that proved crucial for controlling costs and ensuring quality across its product lines. This strategy involved acquiring a solar cell manufacturer in its early years and has since evolved into a highly integrated production model encompassing every stage from silicon ingots and wafers to solar cells and modules.

A pivotal moment in JinkoSolar's history was its listing on the New York Stock Exchange (NYSE) in May 2010, which granted it access to international capital markets and enhanced its global profile. This financial flexibility fueled its expansion, including the establishment of manufacturing facilities in Malaysia (2015), the United States (2019), and Vietnam (2022). By 2016, the company had become the world's largest solar panel manufacturer by shipment volume, a leadership position it has consistently maintained. By the end of 2023, JinkoSolar's cumulative module shipments surpassed 200 GW, and a year later, it became the first manufacturer to deliver over 300 GW globally.

The company's business model is centered on the research, development, manufacturing, and sale of a wide range of solar products and solutions. Its primary revenue stream is the sale of solar modules to a diversified international customer base that includes distributors, project developers, and system integrators across residential, commercial, and utility-scale markets in over 190 countries. JinkoSolar’s operations are supported by a global sales network with teams in key markets providing localized support. The company has shifted from an 'asset-lite' model, which relied on third-party components, to a fully integrated manufacturing model, making significant capital investments to expand its in-house wafer and solar cell capacity.

JinkoSolar's product portfolio is distinguished by its N-type TOPCon (Tunnel Oxide Passivated Contact) technology, which offers higher efficiency, power, and energy generation compared to older P-type PERC cells. The Tiger Neo module series, built on this technology, features higher bifaciality (up to 85%), a lower temperature coefficient, and reduced degradation, resulting in a 3-5% greater energy yield. These modules can generate more power in low-light conditions and have demonstrated superior performance in high-temperature environments. The company also offers integrated energy storage solutions (ESS) for residential, commercial, and utility applications, further broadening its clean energy offerings.