Our Rise Era

Chapter 217 The last carnival of the photovoltaic industry!

July 2010.

This month.

It's colder than ever in China.

In some parts of the south, the temperature has dropped to minus five or six degrees Celsius...

Even in many places in China, bursts of white snow fell.

European markets in December...

It is also extremely cold.

Coal power circuits broke down in many places, and from Germany to Spain to Greece, there were large-scale power outages and electricity shortages.

This severe cold...

It lasted longer than last year, and even in the past five years. It was not until mid-January 5 that the temperature became slightly better.

But during this period, there was a "miraculous" incident where homeless people in Europe and the United States froze to death on the road.

but……

In this severe cold.

When everyone is staying at home, shivering.

Countless Chinese people braved the severe cold and began to shuttle through small European towns, carrying various tools and debugging photovoltaic panels in the wind and snow...

Although photovoltaic panels are slightly less efficient in generating electricity in the cold…

However, countless people from Europe and the United States have miraculously discovered that the power efficiency of the photovoltaic panels equipped with Huaxia is much better than the photovoltaic panels that were once produced in Europe, and even higher than the photovoltaic panels sold in the first half of 2010...

After a brief research...

Everyone noticed that in the second half of 2010, the materials used in the photovoltaic panels sold were all polysilicon from China's Shenglan Technology.

After repeated research by experts from Europe and America...

They then reluctantly came to a conclusion!
That is the polysilicon provided by [Shenglan Technology]. Not only is its purity higher than that of [MEMC] polysilicon, but its efficiency is even better than that of [MEMC] polysilicon!

As March 2011 came and the flowers were in bloom...

The price of polysilicon produced by Shenglan Technology skyrocketed in the entire European market overnight!
The machine developed by Shenglan Technology was snapped up in the market for the entire month of March, and it was hard to find one...

……

Someone has done a special statistics!
After Chinese photovoltaic companies gradually took control of the markets of European and American photovoltaic companies, the turnover of Shenglan Technology has shown an astonishing surge.

From the monthly turnover of 10 billion in the second half of last year, it has more than doubled to 20 billion, and the market value has also risen accordingly!

At this moment, countless European and American capitals are all eyeing the core technology and shares of Shenglan Technology!

Starting in May…

More than 30 international investors have come to China in succession, using various methods to try to acquire shares in [Shenglan Technology]. Many powerful investors promised that if [Shenglan Technology] is willing to go public in the United States, they can make [Shenglan Technology]'s IPO the world's number one in this field, and even surpass [MEMC] to become the number one...

There are even rumors that [Shenglan Technology] is very popular among European and American technology stocks at this moment, and some people even say that its market value is tens of billions of dollars!
However, faced with the temptation of such high prices in the European and American markets.

Diao Guangdou, the person in charge of [Shenglan Technology], remained very calm.

“We won’t go public!”

"We do research and development not for listing, but for self-protection!"

"..."

Diao Guangdou, who once resolutely devoted himself to the research of monocrystalline silicon when China's photovoltaic industry was booming and all photovoltaic companies were rushing to Europe and the United States to go public and were enthusiastic about polysilicon...

Once again, he showed an extremely calm side towards the European and American markets!
....................................

"We are bankrupt!"

“Yes, we are broke!”

"The reason we went bankrupt was not because we lacked technology. Our [MEMC] technology has always been the best in the industry!"

“But we still went bankrupt…”

"why?"

"We have been treated unfairly by the Chinese photovoltaic industry! Our polysilicon is the mainstream in the market, but we have been subjected to unprecedented suppression by the Chinese photovoltaic industry!"

"After suppressing our domestic photovoltaic assembly industry in the United States in a despicable way, they are manipulating the market and making it impossible for us to sell our products!"

"Before this, we have visited [Shenglan Technology] company many times and discussed a series of market issues. We hope that they can maintain healthy competition with us within the normal market competition range!"

"We even begged, very humbly begged [Shenglan Technology]..."

"But our appeals are totally useless. Their attitude is arrogant and always very sharp!"

"Instead of maintaining market order, they dragged the market order into a more chaotic, cheaper, and even inferior vortex!"

"..."

2011 4 Month 2 Day.

This is a shocking day for the global photovoltaic industry!
Around eight o'clock in the morning, when Baide, the founder and investor of [MEMC], was interviewed by European and American media, he accused [Shenglan Technology] with tears in his eyes.

Under the impact of [Shenglan Technology]'s machines and polysilicon, [MEMC], a polysilicon giant that once controlled the rise and fall of the entire Chinese photovoltaic industry with the support of Wall Street and controlled life and death, finally could not withstand the huge financial pressure and the impact of the stock market and declared bankruptcy...

This bankruptcy caused an uproar in the market!
Everyone looked at Baider crying in disbelief...

Following the announcement of bankruptcy by [MEMC Technology], the next day, another American polysilicon company named [MSAD] announced the closure of several factories in Europe and the United States to conduct contractionary operations...

About a week later, without any warning, the head of [MSAD] suddenly held a press conference and announced that [MSAD] was bankrupt and undergoing reorganization.

“This is a vicious market competition!”

"They squeezed our space into a corner and there was nothing we could do!"

"They are frantically grabbing our market share by offering the lowest price. What about us?" "We invest billions of dollars in research and development every year. Our industry is huge, but our company is totally unable to cope with this kind of crazy market competition..."

“This is a dump!”

"After the Chinese photovoltaic industry took control of the market, we actually lost all pricing power last year!"

"..."

……

After two polysilicon companies declared bankruptcy.

In April, like a domino effect, a large number of photovoltaic-related industries in the United States went bankrupt overnight.

The bosses of these bankrupt photovoltaic-related companies were the first to complain to all media.

Their bankruptcy this time...

It is all due to the [dumping] and [harsh] market competition from China.

At the end of April, there was news that these bankrupt companies formed a group to complain to the US Department of Commerce...

On April 4, several photovoltaic companies in the United States believed that Chinese companies were suspected of dumping in the United States.

They united as soon as possible and filed a lawsuit against the relevant American departments.

It is required to conduct a comprehensive investigation on China's photovoltaic enterprises.

May 5st is International Labor Day...

Henry Kerman, a representative of the US Business Council, publicly stated, "We need to do everything we can to ensure that the United States does not cede the clean energy market to China or other countries... We must protect our domestic market!"

After this sentence was spoken, the American government passed a decree at lightning speed...

That is……

Relevant departments of the United States will conduct a monopoly, anti-subsidy and anti-dumping investigation on China's photovoltaic industry!

Just investigate!

But during the investigation...

They publicly stated to the media that they would adjust export taxes for relevant companies!
This time, the tax adjustment was as high as a staggering 265.55%...

.......................................

"The American photovoltaic assembly companies are completely unable to provide services. The service fees are sky-high, the service is not timely, and they are all lazy. We are more diligent, so they accuse us of dumping?"

"We have so many European and American shares in it, and they promised us to go public. It's impossible, impossible, absolutely impossible!"

"Why are you investigating this all of a sudden? Why?"

"This……"

"..."

2011, first half.

For Chinese companies heading to Europe and the United States, it has been a carnival half year.

More than 07 Chinese photovoltaic veterans, led by Suzhou Deshang, set new sales records in the European and American markets, returning to their peak in .

Watching the market value getting higher and higher!
Nearly a dozen companies, with the support of major investors, are making intensive preparations for listing, thus achieving financial transformation in the true sense!
however……

No one would have thought of it!
The listing period in June had not yet started, but we suddenly received a message from the US Department of Commerce!

Overnight, everyone was dumbfounded!

At first, everyone was hoping for the best, thinking that this time it was just a lot of noise but little action, and that it was just symbolic...

After all, their company has European and American shares...

It is impossible for someone to slap himself in the face.

But as more and more regulatory authorities enter the market, they hang around their companies almost every day, messing up their business!
They realized something was wrong, this was pushing them to death...

........................

"Mr. Zhou, we have talked to them. The Americans' intention is very clear. Either we hand over all our assets and sell the company to them..."

"What do you mean? We already have 45% of the shares in theirs! How much do they want?"

"95. Moreover, they acquired our market at a price nearly three times lower than the market price, turning us into an American company from the inside out..."

"What, 95? Less than 3 times. Are they crazy? What on earth are they trying to do? This is robbery!"

"That's what they mean..."

“Wait, what about other businesses?”

"The photovoltaic companies in the enterprise, now... wait, the EU announced that it will cancel the photovoltaic subsidies! And, following the old Americans, they will also conduct an [anti-dumping] investigation on us!"

"what!"

"..."

mid-December.

Liu Yang from [Yanghe New Energy] saw his assistant running in hurriedly.

Immediately afterwards...

In the assistant's horrified voice...

He just felt a buzzing sound in his head.

His body sat uncontrollably on the chair, his eyes widened.

At this moment, there were only three words in his mind!

Ruined!
(End of this chapter)