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China's solar giants warn of record $5bn loss despite anti-price war bid

Nikkei Asia · last updated
Energy

China’s solar giants warn of record $5bn loss despite anti-price war bid

Companies hit by oversupply, trade tensions and rising material prices

Major Chinese solar panel makers are collectively expecting record losses in 2025. (Source: Company websites) 

WATARU SUZUKI

January 20, 2026 17:21 JST

SHANGHAI — China’s top solar panel makers have forecast losses of up to 38.4 billion yuan ($5.5 billion) for 2025 due to overcapacity and rising raw material prices, underscoring the uphill battle to rein in excessive price competition under the country’s “anti-involution” campaign.

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