Energy Transition & Power Demand▲2
Eight Leading Chinese Polysilicon Firms Jointly Sign Anti-Involution Pledge, Agree Not to Sell PV Products Below Cost
On the evening of August 6, eight major Chinese polysilicon companies jointly signed an anti-involution pledge in Shanghai, committing that all photovoltaic product sales prices shall not fall below the corresponding costs calculated according to group standards. The participating companies together account for over 90 percent of China's effective polysilicon production capacity, including four listed firms—Tongwei Co., GCL Technology, Daqo New Energy, and Xinte Energy—as well as Asia Silicon Qinghai Co., Xinjiang East Hope New Energy Co., Qinghai Lihao Clean Energy Co., and Xinjiang Goens Energy Technology Co. The companies made clear that sales below full cost must be immediately stopped and corrected, and they will voluntarily accept supervision and inspection by market regulatory authorities at all levels, while strengthening mutual oversight and promptly reporting any violations to industry associations and the State Administration for Market Regulation. In addition, the companies pledged to strictly implement new energy consumption standards and proactively phase out high-energy-consuming outdated capacity.