GreenergyDaily

Apr. 30, 2026

Longi Green Energy Technology Co., China's largest solar equipment maker, plans to grow its battery unit to a size comparable to its solar business.

Zhong Baoshen, chairman of Longi, said on an earnings call that the company hopes its energy storage business will reach a scale comparable to its solar business within about five years.

The company reported a net loss of 1.92 billion yuan for the first quarter of 2026 on Tuesday, widening from 1.43 billion yuan a year earlier.

Demand for large-scale batteries is surging, but rapid capacity expansion has raised concerns that energy storage could follow solar into overcapacity.

Zhong said competition is intensifying, but added that leading solar firms have advantages in existing know-how, branding and sales channels.

"Looking at the broader trend of the energy transition, the energy storage market will continue to maintain relatively rapid growth, offering opportunities for companies entering this space," he said.