JinkoSolar Tops Wood Mackenzie's Global Solar Module Manufacturers Ranking 2025

Rhea-AI Summary

JinkoSolar (NYSE: JKS) has secured the top position in Wood Mackenzie's Global Solar Module Manufacturers Ranking 2025, based on data from H1 2024. The ranking evaluated 40 manufacturers across nine criteria, including manufacturing experience, vertical integration, capacity utilization, and technological maturity.

The company's cumulative module shipments exceeded 300 GW by end-2024, maintaining its global leadership in shipments for five years. Their Tiger Neo N-type TOPCon modules achieved 140 GW in shipments since launch, with quarterly sales exceeding 20 GW in 2024, leading sales for six consecutive quarters.

JinkoSolar has launched its third-generation N-type TOPCon Tiger Neo 3.0 solar modules, featuring power outputs up to 670W and introducing the industry's first 495W residential module with 24.8% conversion efficiency.

Positive

• Ranked #1 in Wood Mackenzie's Global Solar Module Manufacturers Ranking 2025
• Cumulative module shipments exceeded 300 GW by end-2024
• Tiger Neo modules achieved 140 GW in shipments
• Quarterly sales exceeded 20 GW in 2024
• New Tiger Neo 3.0 modules achieve industry-leading 24.8% conversion efficiency

Negative

• None.

Insights

Market Research Analyst

Wood Mackenzie's comprehensive ranking of JinkoSolar as the top global solar module manufacturer represents a significant milestone with substantial market implications. The evaluation, based on nine distinct criteria, reveals JinkoSolar's exceptional operational excellence and strategic advantages in the highly competitive solar manufacturing landscape.

The company's achievement of 300 GW in cumulative module shipments, coupled with the remarkable success of Tiger Neo modules reaching 140 GW in just two years, demonstrates unparalleled scale and market penetration. What's particularly noteworthy is the quarterly sales exceeding 20 GW for Tiger Neo modules, maintaining leadership for six consecutive quarters - a clear indication of sustained market dominance and customer trust.

The third-generation N-type TOPCon Tiger Neo 3.0 modules, achieving a conversion efficiency of 24.8%, represent a significant technological leap. This advancement not only sets new industry benchmarks but also provides JinkoSolar with a competitive moat in the high-efficiency module segment. The company's vertical integration strategy and high capacity utilization rates are important differentiators in an industry where manufacturing efficiency and cost control are paramount.

Market implications of this leadership position include:

• Strengthened pricing power in key markets
• Enhanced ability to secure long-term supply contracts
Reduced operational costs through economies of scale
• Accelerated R&D capabilities funded by strong market position

The combination of technological leadership, manufacturing scale and strong market presence positions JinkoSolar favorably in the rapidly evolving solar energy landscape, particularly as global demand for high-efficiency solar solutions continues to grow.

SHANGRAO, China, Feb. 10, 2025 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it ranked No.1 in the Global Solar Module Manufacturers Ranking 2025 report recently published by Wood Mackenzie, thanks to its outstanding technological capabilities and highly efficient module performance. This achievement not only reflects the Company's commitment to high-quality development in module manufacturing but also highlights its leadership position in the global photovoltaic industry.

This report ranked leading PV module manufacturers based on data collected from the first half of 2024. According to the report, 40 solar module manufacturers were evaluated based on nine criteria: years of manufacturing experience (10%), module manufacturing experience in production(10%), vertical integration(15%), capacity utilization(10%), technological maturity(15%), R&D(5%), financial conditions (10%）*, adherence to Environmental, Social, and Governance (ESG) and Corporate Social Responsibility (CSR) standards(10%), and third-party certifications(15%). The results highlight JinkoSolar's strong performance across all criteria, showcasing its stronger financial strength and more sustainable operating capability.

JinkoSolar, as a technology-driven enterprise, focuses heavily on R&D and patent innovation. With its cutting-edge N-type TOPCon technology and globally leading patent portfolio, JinkoSolar's products are recognized and trusted by customers in nearly 200 countries and regions. By the end of 2024, the Company's cumulative module shipments exceeded 300 GW, maintaining its position as the global leader in module shipments for five years. Notably, its Tiger Neo N-type TOPCon modules, launched just two years ago, have already achieved shipments of 140 GW. In 2024 alone, Tiger Neo modules reached quarterly sales exceeding 20 GW, making them one of the world's best-selling module type for six consecutive quarters.

JinkoSolar has recently introduced its revolutionary third-generation N-type TOPCon Tiger Neo 3.0 solar modules, setting new industry benchmarks with higher performance and power. This series offers modules with power outputs of up to 670W and the industry's first 495W residential module with a remarkable conversion efficiency of up to 24.8%. Moving forward, JinkoSolar will continue to drive industry advancements by leveraging continuous innovation in TOPCon technology and the strong support of new products. With a focus on higher-power solutions, the Company aims to raise industry standards and accelerate the evolution of the photovoltaic industry.

Note: Financial data sourced from Jinko Solar Co., Ltd.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, Netherlands, Poland, Austria, Switzerland, Greece and other countries and regions.

JinkoSolar had over 10 productions facilities globally, over 20 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, the United States, Mexico, Brazil, Chile, Australia, Canada, Malaysia, the United Arab Emirates, Denmark, Indonesia, Nigeria and Saudi Arabia, and a global sales network with sales teams  in China, the United States, Canada, Brazil, Chile, Mexico, Italy, Germany, Turkey, Spain, Japan, the United Arab Emirates, Netherlands, Vietnam and India, as of September 30, 2024.

To find out more, please see: www.jinkosolar.com 

Safe Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: pr@jinkosolar.com

View original content:https://www.prnewswire.com/news-releases/jinkosolar-tops-wood-mackenzies-global-solar-module-manufacturers-ranking-2025-302372249.html

SOURCE JinkoSolar Holding Co., Ltd.

FAQ

What is JinkoSolar's (JKS) ranking in Wood Mackenzie's Global Solar Module Manufacturers 2025 report?

JinkoSolar ranked No.1 in Wood Mackenzie's Global Solar Module Manufacturers Ranking 2025 report, based on data from the first half of 2024.

How many gigawatts (GW) of cumulative module shipments has JKS achieved by end-2024?

JinkoSolar's cumulative module shipments exceeded 300 GW by the end of 2024, maintaining its position as the global leader in module shipments for five years.

What are the specifications of JKS's new Tiger Neo 3.0 solar modules?

JinkoSolar's third-generation Tiger Neo 3.0 solar modules offer power outputs up to 670W and include the industry's first 495W residential module with 24.8% conversion efficiency.

How many gigawatts (GW) of Tiger Neo N-type TOPCon modules has JKS shipped since launch?

JinkoSolar's Tiger Neo N-type TOPCon modules have achieved 140 GW in shipments since their launch two years ago.

What is JKS's quarterly sales volume for Tiger Neo modules in 2024?

JinkoSolar's Tiger Neo modules reached quarterly sales exceeding 20 GW in 2024, making them one of the world's best-selling module types for six consecutive quarters.