PV Industry Trend Report|Photovoltaic Industry Trend (Below)_How the U.S. and Taiwan Respond to the Expansion of China's PV Industry
China's silicon wafers and other raw materials in the global market share of more than 80%, coupled with batteries, energy storage equipment and other industrial chain of long-term operation, the IEA estimates that by 2025 China's solar photovoltaic module global market share will reach 95%, the irony is that when the global economy monopolized in the shadow of stagflation and contraction, China's solar power plant "LONGi" has also announced the 10th price adjustment since 2022, and with the echo of China's 1-7 January 2022, the number of exports of solar modules up to 2.2 billion units of exports amounted to more than $ 28 billion, an increase of 236% and 99.9% respectively, year-on-year. This is echoed by China's solar cell module export volume of 2.2 billion units and export value of more than US$28 billion from January to July 2022, representing year-on-year growth of 23.6% and 99.9% respectively (Chart 1). China's solar cell and photovoltaic industry has led to price increases, making it one of the few industries that can "buck the trend" of price increases, but it has also made the world feel the fragility and powerlessness of facing a single supply chain.