Oversupply. They pushed the price so low that the government is trying to put pressure on them to normalize the prices.
Comment on China's solar giants quietly shed a third of their workforces last year
DavidGarcia@feddit.nl 4 weeks ago
automation or shrinking business?
BrikoX@lemmy.zip 3 weeks ago
scintilla@crust.piefed.social 4 weeks ago
Looks like there are just too many companies in general. In my non-expert opinion seems like it it was because the country was a little too gungho about making more solar so they said it would be one of the big groth areas leading to a bunch if new developments. Then because there were so many of them they started competing with eachother and driving the pices down until they were unable to continue.
I would recommend reading the article tbh seems like good if dry information.