Shanghai-listed polysilicon producer Tongwei says it intends to acquire 100% of Qinghai Lihao through a share-and-cash transaction, as consolidation in China’s polysilicon sector increasingly shifts toward mergers and acquisitions.
Longi, and Tongwei have predicted steep losses for fully fiscal year 2025, as persistent oversupply and falling solar module prices continue to pressure margins across China’sPV manufacturing sector.