Five major Chinese solar manufacturers, Longi Green Energy, Trina Solar, Jinko Solar, JA Solar and Tongwei, cut 40,589 employees in 2025, leaving 154,061 staff, a 21% reduction after a 31% cut in 2024. The main driver is production capacity roughly double global demand, which has pushed prices down and left many firms loss-making. Average module prices for the group fell to about US$130/kW in 2025 from US$350/kW in 2019, a drop of nearly 63%, while the average EBIT margin worsened to -13% from -8% in 2024. China's exports of solar cells and modules fell 10% in volume over the first 8 months, and Jefferies forecasts 150-200 GW of Chinese solar installations in 2026 versus a record 315 GW in 2025. Morningstar analyst Cheng Wang expects job cuts to likely continue this year.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Bong bóng điện mặt trời Trung Quốc nổ tung: Hơn 40.000 nhân sự bị cắt giảm, giá bán lao dốc 63%
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