China solar industry to address overcapacity challenge but turnaround far off, experts say

Challenges in the Solar Manufacturing Sector: Chinese solar manufacturers are facing significant losses due to tariffs from the U.S. and overcapacity, with total losses in the industry reaching $60 billion last year. Calls for an end to price wars and a reduction in production capacity have been made, but recovery is expected to be slow.

Shift in Market Strategy: Companies are diversifying away from reliance on the U.S. market, expanding into new regions such as the Middle East, Eastern Europe, and South Asia. The focus is shifting towards product solutions and energy storage, with solar manufacturing projected to constitute a smaller portion of business in the coming years.