China has launched in earnest the drive to curb excess capacity in the solar manufacturing sector, which has doomed many companies to price wars and deepening losses. The combined losses of six of China’s biggest solar panel and cell manufacturers doubled in the first half of 2025, to $2.8 billion (20.2 billion Chinese yuan), from the same period last year, the Financial Times reports, citing data from local financial information provider Wind. All top Chinese solar equipment producers had already booked losses for…
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