China’s JinkoSolar terminates $1.5B project in Vietnam due to US tariff on PV panels
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China's JinkoSolar has terminated its $1.5 billion photovoltaic panel project in Vietnam due to the U.S. imposing high anti-dumping duties on PV panels from Vietnam starting in 2025. The project, intended for export to the U.S., was deemed unlikely to meet economic targets. JinkoSolar will proceed with termination procedures for its Vietnamese entity, which is one of its largest investments in the country. The company reported a preliminary net loss of RMB7.64 billion ($1.11 billion) for 2025, attributed to declining profitability in its main business.
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