Industry Brief: Oversupply of Polysilicon, Manufacturers Establish Joint Ventures to Respond
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Multiple leading Chinese polysilicon manufacturers have established a joint venture to address the issue of overcapacity. The new company has a registered capital of 3 billion yuan and is formed by nine top manufacturers and the China Photovoltaic Industry Association. A subsidiary of Tongwei Co., Ltd. is the largest shareholder, holding 30.35% of the shares. The joint venture will explore strategic cooperation, promote technological upgrades, and optimize capacity. Polysilicon prices have stabilized and rebounded, leading to a rebound in the stock prices of related companies
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