Anhui Huasun New Energy Technology Co., Ltd. (Huasun Energy) and Hebei Saihang New Energy Technology Co., Ltd. (Saihang New Energy) reached a strategic consensus and officially signed a cooperation agreement on April 30. The two companies will establish a joint venture to deeply integrate their brands, technologies, and business models. This partnership aims to provide tailored product solutions for distributed application scenarios, jointly develop domestic distributed incremental markets, bridge gaps in each other's industrial supply chains, and empower the high-quality rollout of all-scenario clean energy solutions.
Huasun Energy is a leading domestic enterprise in the vertically integrated ultra-high-efficiency heterojunction (HJT) solar industry. The company is deeply committed to the full-chain R&D and intelligent manufacturing of high-efficiency solar cells and modules. Boasting global mass-production manufacturing bases and a deep accumulation of cutting-edge core technologies, Huasun ranks in the industry's top tier for mass-production efficiency and product reliability, possessing the capability to deliver high-performance products at scale. Saihang New Energy has been deeply rooted in the distributed solar sector for many years. The company focuses on delivering customized solar power system solutions for both residential and commercial/industrial (C&I) applications. Having established a strong presence in North China and nationwide sinking local terminal markets, Saihang possesses closed-loop service capabilities covering the entire process of project surveying, integrated construction, and long-term operations and maintenance (O&M).
This cooperation represents a complementary alignment of strengths and precise bilateral empowerment. The newly established joint venture will be controlled by Saihang New Energy, with Huasun Energy holding a minority stake. It will focus on custom-developing specialized products tailored to the preferences of the domestic distributed application market. Through this alliance, Saihang New Energy can rapidly overcome shortages in high-quality solar module supply, quickly expand its product lines for all-scenario new energy solutions, and strengthen its comprehensive fulfillment and delivery capabilities for wide-ranging distributed projects. Meanwhile, Huasun Energy can effectively break through the original application boundaries of HJT products—which previously focused primarily on large-scale ground-mounted utility power plants. This enables the company to swiftly enter lower-tier terminal channels, comprehensively expand into brand-new incremental tracks of the domestic distributed solar market, and perfect its strategic layout across all market scenarios.
Both parties unanimously agreed that this cross-sector, powerhouse collaboration perfectly aligns with the broader development trends of the industry. Moving forward, based on the practical outcomes of this cooperation, both companies will steadily explore deeper collaboration models. Their goal is to build a long-term industrial community featuring shared risks and benefits, thereby solidifying their core competitiveness in the regional distributed solar sector.
