Although these numbers were naturally buoyed by strong demand for the solar market as a whole, JinkoSolar’s sales are another testament to that — the fact that the biggest solar cell and module maker in the world managed to deliver 15-20% more cars in 2024 than in 2023 indicates that the strong is becoming even stronger despite industry headwinds.
The deliveries did enough to support the ongoing rally, with N-type TOPCon developing at an exciting pace. The real story here for investors is on the technology front, which remains the main catalyst for the company. Its next-gen TOPCon product Tiger Neo III boasts 670Wp / 24.8% module efficiency plus 85% bifaciality, and has the potential to become an absolute new star model, leading to the type of product global customers expect. In addition, JinkoSolar has found a nice sweet spot for the pricing vs. production costs equation, which has been the main issue for Tiger Neo III's performance in the coming years.
“It’s great to see the third hundred GW milestone reached by JinkoSolar when it matters. Although heating up competition and negative macro factors, JinkoSolar has boosted sales and improved margins. This means the company may have more firepower to get the innovation both on the production and product sides faster and better than the competition and have a more diversified customer base,” said Dany Qian, VP of JinkoSolar.
In 2024, JinkoSolar also expanded its international factories. In March, the first joint venture factory was announced to be set up in Saudi Arabia with 1st phase capacity of 10 GW of TOPCon cell and 10 GW of panel.
By enabling more partners, customers, investors, and stakeholders to join its ecosystem worldwide, JinkoSolar is accelerating the world’s transition to sustainable solar energy in a new way.
