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Chinese Solar Companies Determined To Win Market Share In US

25 Aug. 2009 by

Chinese companies have already played a leading role in pushing down the price of solar panels by almost half over the last year. Shi Zhengrong, the chiefexecutive and founder of China’s biggest solar panel manufacturer, Suntech Power Holdings, said in an interview here that Sunt ech, to build market share, is selling solar panels on the American market for less than the cost of the materials, assembly and shipping.

Backed by lavish government support, the Chinese are preparing to build plants to assemble their products in the United States to bypass protectionist legislation. As Japanese automakers did decades ago, Chinese solar companies are encouraging their United States executives to join industry trade groups to tamp down anti-Chinese sentiment before it takes root.

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