China’s solar industry has suffered dramatic losses this year. Overcapacity and lower demand abroad have triggered a price war that is now taking its toll. Several industry leaders had to announce severe half-year losses at the beginning of September. Longi Green Energy Technology reported a net loss of 5.2 billion yuan (733 million US dollars) for the first six months of 2024. Competitors Tongwei and TCL Zhonghuan Renewable Energy Technology each lost around three billion yuan.