Staff members of State Grid Huzhou power supply company conduct inspection on the photovoltaic lines and equipment at a photovoltaic power station in Changxing County of Huzhou City, east China's Zhejiang Province, May 27, 2026. In recent years, State Grid Huzhou power supply company has been constantly promoting the upgrading of the county-level power grids, advancing the integration of renewable energy sources into power grids, and endeavoring to construct a safer, greener and smarter power grid. (Photo: Xinhua) Eight Chinese leading polysilicon producers have issued public pledges to stop selling solar products below a cost benchmark, in a fresh industry effort to curb "involution-style" competition and support healthier pricing in the country's photovoltaic supply chain, the Shanghai Securities Journal reported on Friday. Industry experts said that this move will not only help stabilize profits across the sector, but also promote the Chinese photovoltaics (PV) industry's shift toward high-quality development. The eight companies jointly committed that the selling prices of all photovoltaic products, including tender bids, must not fall below the corresponding cost calculated under the group standard General Principles for Cost Accounting Models in the Photovoltaic Industry. Any sales below full cost must be "immediately stopped and corrected," according to the report. The pledge was signed in Shanghai on Thursday by the companies, including four listed companies — Tongwei Solar Co, GCL Technology Holdings Limited, Daqo New Energy Co, Xinte Energy Co. The other four companies are Asia Silicon (Qinghai) Co, Xinjiang East Hope New Energy Co, Qinghai Lihao Qingneng Co, and Xinjiang Goens Energy Technology Co. Together, the eight companies account for more than 90 percent of China's effective polysilicon production capacity, the Shanghai Securities Journal report said. Under the initiative, the companies also agreed to accept supervision and inspections from market regulators at all levels and to strengthen mutual oversight. If they discover illegal below-cost sales, they are required to report the issue and file complaints with the industry association and the State Administration for Market Regulation (SAMR). In addition, the firms committed to strictly implementing China's new energy-consumption standards and to proactively eliminate outdated, high-energy-consuming production capacity. The move comes just one week after the SAMR held a solar industry price-compliance meeting on July 31, urging solar PV companies to strengthen price compliance and shift competition from price to quality. It instructed companies to strengthen cost accounting, establish and improve price compliance systems, and carry out comprehensive self-inspections and corrective actions, according to the Xinhua News Agency. Industry experts welcomed the initiative, saying that years of excessive competition have pushed many photovoltaic firms into losses, which is harmful to the industry's long-term development. China's PV industry is mired in severe low-price competition, with profit margins squeezed along the entire value chain and many firms operating at a loss, Xiang Ligang, director-general of the Zhongguancun Modern Information Consumer Application Industry Technology Alliance, told the Global Times on Friday. Xiang added that the initiative could help ensure more reasonable revenue and profit levels, which are essential for sustainable industrial development. The move also reflects a broader shift among Chinese firms toward greater coordination in responding to market pressures. Although the industry also faces external challenges, including US tariffs on polysilicon-related products, Xiang said the main purpose of the initiative is to improve the sector's own development model rather than simply respond to foreign trade measures. China has launched sweeping efforts to curb "involution-style" low-price competition and accelerate the phase-out of outdated industrial capacity. China's Ministry of Industry and Information Technology on July 3 held a symposium for manufacturing enterprises, focusing on accelerating the high-quality development of the photovoltaics industry, according to the Xinhua News Agency. The symposium called for efforts to comprehensively deal with the problem of disorderly price competition in the photovoltaics industry in accordance with laws and regulations, as well as efforts to guide enterprises to improve product quality, phase out backward production capacities in an orderly manner and achieve healthy and sustainable development, Xinhua reported. 。5月狭义乘用车零售达193.8万辆,同比+13.7%,环比+10.0%,其中新能源全月零售102.7万,同比+28.9%,环比+12.7%,渗透率回升至53.0%。在以旧换新及报废更新“双新“政策的强有力支撑下,6月车市热度持续攀升。尽管部分区域补贴金额出现阶段性紧张,但经销商通过”末班车效应“营销反向刺激购买,进一步拉动车市增长。随着“618”电商季的来临,各厂商借机推出新一轮以“一口价“、现金优惠等方式开启新一轮优惠促销,终端调研结果显示,6月中旬整体车市折扣率约为25.2%,较上月中旬进一步扩大。此外,虽然短期触发部分经销商利用政策到期的“末班车效应“来刺激消费者尽快下单,为市场带来增量,但新一波资金的批转仍需一定时间,这期间消费者的观望情绪或将加剧,有风险致使三季度的车市消费潜力提前消耗。(编译/ 郭辰)
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