Jinko Energy Qian Jing: Improve the localization rate of Saudi Arabia's supply from "going out" to "manufacturing out"
110st
发表于 2024-7-31 19:35:03
3558
0
0
Beijing, July 31 (Xinhua) -- Recently, a group of Chinese new energy companies, including JinkoSolar, announced intensively that they will "settle" photovoltaic and wind power projects in Saudi Arabia in the form of joint ventures. Qian Jing, Vice President of JinkoSolar, recently stated at a media conference that investing in photovoltaic projects in Saudi Arabia will accelerate JinkoSolar's transformation from "global sales" to "global manufacturing", and may be a feasible solution to break the "low profit era".
Building battery cells in the desert
Amidst the global wave of low-carbon development, Saudi Arabia is actively seeking energy transformation, while China has also sparked a "Middle East fever" for new energy investment.
On the evening of July 16th, JinkoSolar announced that it had signed a shareholder agreement with Saudi Public Investment Fund and Saudi energy equipment company Vision Industries. The three parties will invest in the establishment of a photovoltaic joint venture company to build and operate photovoltaic cell and module projects in Saudi Arabia. The production capacity of the two links will reach 10GW each, with an expected total investment of about 985 million US dollars. The three parties will hold 40%, 40%, and 20% of the shares respectively.
Qian Jing stated that Saudi Arabia is one of the fastest developing regions for new energy in the Middle East under the guidance of the national "2030 Vision", and JinkoSolar has already occupied nearly 70% of the market share in Saudi Arabia. Saudi Arabia is not only financially strong, but also has a strong industrial foundation and the advantage of low green electricity prices. If we build a second factory in the Middle East, we will still choose Saudi Arabia
However, there is no precedent for "making battery cells in the desert", and future production in Saudi Arabia will inevitably face many challenges. Leaving aside other factors, cultural, linguistic, and qualified talents may still encounter unimaginable difficulties in the actual implementation and operation of projects. The first point of globalization is that enterprises need to increase inclusiveness and lower expectations, "said Qian Jing.
Qian Jing stated that Jingke's goal is to support the local industrial chain, gradually drive domestic suppliers to go global or jointly cultivate local suppliers by leveraging the main chain effect, and improve the localization rate of Saudi Arabia's supply chain through its global centralized procurement platform and shared center.
Qian Jing revealed that the 10GW high-efficiency battery and component project is expected to be put into operation around early 2026. The battery cell type is TOPCon, and the mass production efficiency of the battery is expected to reach over 27%. The initial raw materials mainly rely on domestic procurement. Saudi factory products are mainly supplied to Saudi Arabia and the Middle East region, which means that product pricing does not need to consider costs such as shipping, but only needs to balance premium factors such as local production costs.
Open the global manufacturing "2.0 version"
Currently, in the context of trade protectionism and anti globalization, many countries are gradually tightening their new energy trade policies, and the industry has entered the "era of low profits", which has become the norm.
Qian Jing believes that the globalization trend of the photovoltaic industry will undergo a significant transformation, gradually moving from passively responding to market changes to actively laying out the global manufacturing field. JinkoSolar is no longer solely focused on overseas market sales, but will focus on establishing local manufacturing. The next step is to shift from "going global" to "manufacturing", and from global marketing to global manufacturing.
If JinkoSolar's factories in Malaysia, Vietnam, and the United States are the 1.0 version of our global manufacturing, then the Saudi factory is undoubtedly the 2.0 version of JinkoSolar's global manufacturing, representing the opening of a new model of JinkoSolar's globalization, from passive to active, from solo to leveraging, from full capital to joint ventures, from capacity output to technology, experience, management, and supply chain output, "said Qian Jing.
Qian Jing stated that the significant difference between version 2.0 and version 1.0 is that the product will be mainly supplied to the local market in the production area, with a focus on local manufacturing and usage. In terms of mode, Jingke will transition from wholly-owned to joint venture, and may even adopt investment methods such as technology, experience, marketing, and branding. In terms of organizational and management structure, core management will be selected from a professional perspective to form a "dream team", which can maximize the complementary advantages between Jingke and its partners, improve management efficiency and decision-making quality.
In Qian Jing's view, no matter how good the cost-effectiveness of the product is, how high the efficiency and power are, the production capacity that is not needed is excess capacity. In the future, local manufacturing, green power manufacturing, supported by local service teams, and one-stop solutions for light storage will be the production capacity that is needed.
Now that JinkoSolar's fourth overseas factory has settled in Saudi Arabia, the public is curious about where the fifth overseas factory will be located? Qian Jing said that according to the logic of "producing wherever there is a market, large capacity, and high local market share", there may be an answer. Jingke will not give up any market and will win the market through technology output and local cooperation.
CandyLake.com 系信息发布平台,仅提供信息存储空间服务。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
声明:该文观点仅代表作者本人,本文不代表CandyLake.com立场,且不构成建议,请谨慎对待。
猜你喜欢
- Saudi Arabia Discovers Seven Major Oil and Gas Deposits, Adding New Power to Oil and Gas Resource Extraction
- Saudi Arabian giant completes acquisition of 77.42% equity in Shell Pakistan subsidiary
- Saudi Arabia reportedly "threatened" to sell European bonds and pressure G7 to abandon confiscation of Russian assets
- JinkoSolar plans to establish a joint venture in Saudi Arabia to build a 10GW high-efficiency battery and component project
- Photovoltaic big news! Two leading A-share companies plan to establish joint ventures in Saudi Arabia
- More than 700 people arrested in the UK riots! The situation in the Middle East is changing! The United States and Saudi Arabia suddenly spread a heavy weight! What is the future direction for precious metals?
- Massive Finance | Intangible Cultural Heritage Miao Embroidery Arrives at London Fashion Week, JD Apparel Leads Chinese Original Brands to the World Stage
- Is the United States relaxing its chip control over Saudi Arabia? Saudi officials: Expected to receive Nvidia H200 next year
- It is reported that the United States is considering allowing Nvidia to export advanced chips to Saudi Arabia
- Meibu two oil prices plummeted! Insiders: Saudi Arabia plans to increase production and seize market share, giving up on the illusion of oil prices breaking 100%
-
随着“银十”结束,各家造车新势力都交出了一份亮眼的成绩单。 理想领跑10月新势力交付榜,鸿蒙智行重回4万辆,零跑、深蓝、极氪、小鹏等单月交付量均创新高,岚图、阿维塔、智己等实现破万,但哪吒却消失在 ...
- fanadam
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
为期超七周的大罢工终于落下帷幕。 当地时间11月4日,波音美国西海岸工厂工人们就改进后的合同提案投票。 随后,代表着波音超过33000名西雅图地区机械师的IAM工会经表决,以59%的同意票决定接纳波音提 ...
- cristianna
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
证券时报网讯,热门中概股美股盘前普涨,小鹏汽车、哔哩哔哩涨近5%,蔚来涨超4%,阿里巴巴、拼多多涨超2%。
- p609520
- 3 天前
- 支持
- 反对
- 回复
- 收藏
-
何思文表示,“在进博会这个平台上,我们开启的是倾听模式,通过进博会展出各类产品,收集消费者的需求和反馈,进而帮助决定未来进口到中国的产品。过去,汽车行业的许多创新源于美国加州或欧洲。我相信,中国正 ...
- MaxLucky
- 2 小时前
- 支持
- 反对
- 回复
- 收藏