Longi Solar signed a USD600 million contract with an American company to sell monocrystalline modules in the United States.
The sound financial health and good revenue have provided strong support for technological innovation of Longi and become the core elements of enterprise growth. According to the statistics of PV-Tech, as of the end of 2017, Longi invested RMB 2.38 billion in R&D in the past five years.
With the rolling out of global deployment, Longi has relied on strong technical support and heavy R&D investment to expand the overseas deployment while maintaining a leading edge. The overseas shipment accounted for about 10% of Longi's shipment in 2017, and is expected to account for 25%-30% in 2018. Longi President Li Zhenguo revealed at Intersolar Europe that "Longi aims at the global PV market, and strives to ship more than 50% of module products to overseas markets by 2020."
