JinkoSolar Co. Ltd. A

Shares of major Chinese solar cell and battery manufacturers rose after the Chinese government announced it will impose an excise tax on solar cells and lithium batteries. Longi Green Energy Technology Co. gained 2.4 percent, Jinko Solar Co. rose 1.8 percent, and Contemporary Amperex Technology Co. jumped 4.3 percent in Shenzhen trading and surged 3.4 percent in Hong Kong. Chinese authorities announced on Friday that a 2 percent excise tax will be levied on lithium-ion batteries starting September 2026, before rising to 4 percent in September 2027, while solar cells will be taxed at 2 percent from April 2027 and increase to 4 percent from April 2028. The Chinese government had previously exempted both products from excise tax in 2015, which led to rapid capacity expansion, resulting in oversupply and price wars, especially in the solar cell industry, which has suffered accumulated losses for more than two years. Recently, the Chinese government has stepped up efforts to curb overproduction by imposing stricter national efficiency standards for solar cell and polysilicon products.

JinkoSolar has been listed on the 2026 Fortune China Technology 50. The recognition highlights the company's technological innovation, R&D capabilities, and performance breakthroughs in the photovoltaic sector. JinkoSolar holds over 5,700 patents globally, including more than 3,500 authorized patents and over 700 related to N-type TOPCon technology. The conversion efficiency of its latest N-type TOPCon perovskite tandem cell has reached 34.82%, breaking the world record for the 33rd time. The newly released Tiger Neo 5.0 module achieves a 700W power output with a module efficiency of 25.91%, and global module shipments have exceeded 400GW, securing the number one position seven times.