Chinese Solar Makers' Losses Deepen as Industry Vows To End Price War
Years of aggressive capacity expansion have driven China's solar manufacturing sector into deep losses. Panel prices have hit their lowest levels since 2011 even as the country's installations more than doubled. Shanghai-listed Tongwei reported a 4.96 billion yuan ($693 million) net loss for the first half of 2025, widening from 3.13 billion yuan a year earlier, while Trina Solar swung to a 2.92 billion yuan loss from a prior-year profit.
Panel prices touched 8.7 cents per watt in July, forcing manufacturers to write down inventory values across the polysilicon-to-module supply chain. China installed 212.2 gigawatts of photovoltaic capacity through June, bringing total installations to 1.1 terawatts, yet supply continues outpacing demand after seven major manufacturers posted their first combined annual loss in 2024. The Ministry of Industry and Information Technology convened leading producers last week to urge shutdowns of outdated capacity, while the China Photovoltaic Industry Association pledged to tackle what it termed "involution-style" competition through strengthened self-discipline measures.
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Visitors BANNED from taking photos at Uluru - and you could face drastic consequences if you post a holiday snap online - as one Aussie couple found out
A popular travelling couple have been sensationally ordered to delete their content after making one surprising mistake on their outback adventure.
I know what's really behind Nicola Sturgeon's latest antics... and this is why I'm starting to believe some of those conspiracy theories: STEPHEN DAISLEY
I'm not one for conspiracy theories but I'm beginning to wonder if Nicola Sturgeon is secretly working for Westminster.
Revealed: The most CALMING colour, according to science - so, do you find it relaxing?
In a video posted on TikTok, Dr Dean Jackson, a biologist and BBC presenter, has shared the surprising effects of one bright shade of pink.
The dark truth about Club Chalamet: She's a 58-year-old Timothée obsessive who HATES Kylie Jenner and tracks his every move… and her past is VERY revealing
While most fans of Chalamet and Jenner breathed a sigh of relief after split rumors were put to bed, there's one person who likely would've been thrilled if they had called it quits: Club Chalamet.
Daniil Medvedev is tennis's tantrum tyrant - and even his wife looks sick of it! US Open photographer is new victim of star who insists he 'did nothing bad' after ballboy and umpire incidents
Footage from the stands showed Daria Medvedeva, who has two children with the tennis star, with her head in her hands as she sat alongside his stony-faced coach Gilles Cervara.
Moment fly-tipper is caught on CCTV dumping rubbish NEXT to bin on the side of the road
The unknown man was captured on CCTV rushing across the road to discard the bag next to a public bin which was already surrounded by litter.
Paul McCartney uses AI to 'extricate' John Lennon's voice from two more old demos - following the number 1 success of the 'last Beatles song'
New AI mixes of two songs originally demoed on piano by John Lennon are set to be released on a new Beatles compilation.
Going, going… gondola! Moment soaking tourists are dragged out of a Venice canal after tipping over their boat while posing for selfies
Their gondolier also ended up in the water when the gondola flipped in the Rio dei Greci canal, in the Castello district, on Sunday.
Bank Holiday beachgoers are confronted with loud tannoys telling them NOT to go in polluted water at popular UK beach
Cullercoats Bay in North Tyneside would usually be packed with families enjoying the weather while cooling off in the North Sea.
DHL Deploys AI To Fill Retirement Gap as Third of German Workers Near Exit
DHL's German operations, facing the departure of one-third of support staff within five years, has automated customer service calls and begun capturing institutional knowledge through AI-conducted exit interviews. The company's voicebot now processes one million monthly calls, resolving half without human intervention, though initial deployments struggled with basic German language recognition.
FT adds: At DHL in Germany, one in three staff working in support operations will retire in the next five years, taking with them decades of institutional memory. "Everyone in Germany understands that if you don't automate and use AI, you won't be able to deal with the shrinking workforce," says Gemein [chief information officer for post and parcels].
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More than half of job losses since Rachel Reeves' Budget tax raid have been in hospitality sector
Research by UKHospitality, an industry lobby group, showed almost 89,000 jobs have been lost in the hospitality sector since the Budget last October.
Magical Christmas lights trail set to return to popular Chelmsford park
The event is very popular with families
Tommy Fleetwood's wife watches his long-awaited $10m PGA Tour triumph from home after talk about their 23-year age gap made her feel 'paranoid'
As he sunk his final putt to secure victory and take home a $10million prize pot the 34-year-old was overcome by emotion and was embraced by friends and colleagues.
Electrical station catches fire in Southend causing garden centre and residents to evacuate
The fire has now been contained to the sub station
Pregnant Saoirse Ronan showcases her growing baby bump in chic summer dress as she steps out with husband Jack Lowden for dog walk in London
The actress, 31, looked chic in a leopard print shirt dress paired with trendy 90s-inspired sunglasses and light blue Birkenstock sandals
'Bored' Peter Kay fans liken his gig to Pontins and claim hundreds left during the interval - as they fail to see the funny side of comedian 'singing 80s TV ads'
Peter Kay fans have claimed they spotted hundreds of gig-goers leaving his shows with others saying they were 'bored' listening to him sing 1980s jingles.
Major airport introduces AI-powered corridor to cut immigration times to SIX seconds
Dubai International Airport has introduced a new AI-powered corridor that is set to cut immigration times down.
Young Mariners fan BURIES his face into popcorn as clip of epic moment goes viral
A young Mariners fan went viral on Sunday after he was captured absolutely burying his face into a bag of popcorn. Seattle earned a comprehensive 11-4 win against the Athletics.
MoD worker sues after colleagues fail to give him 'good luck card' when leaving his job
The hearing, held in Cambridge, heard James Eyles began working for the MoD in March 2020, managing their accommodation stores at Supreme Headquarters Allied Powers Europe.