Jinko, Tianhe bet on TOPCon, Longji seize BC, who is the winner?

2023-09-06 10:59:14

Longji is expected to be positioned as the mainstream in the distributed market.

On the same day that Longji announced its full bet on BC battery technology, Jinko leaked news that the company was still firmly optimistic that TOPCon would be the mainstream technology in the next 3-5 years. For this statement, Tianhe also pointed out that TOPCon still has advantages as the most cost-effective technology route at present.

The text is as follows:

At present, Longji has clearly focused on the BC technology route, and the pace of production expansion has been significantly accelerated. The company's next products will adopt the BC technology route. With the emergence of BC battery in the market, it is believed that it will gradually replace TOPCon. In the next 5-6 years, BC batteries will be the absolute mainstream of crystalline silicon batteries. "At today's (September 5) semi-annual results conference call, Longji Green Energy said when asked by investors.".

Affected by this news, on today's market, photovoltaic concept stocks rebounded, BC batteries led the rise, Shichuang Energy rose more than 12%, Haimuxing rose more than 9%, CITIC Bo rose more than 4%.

Longji Green Energy is firm in betting on the BC battery route, but there are also supporters of other routes in the industry. Today, the staff of Jingke Energy Securities Department told the reporter of New Energy Daily that they are firmly optimistic that TOPCon will be the mainstream of technology in the next 3-5 years. For BC battery, the staff member said frankly: "The company also has relevant technical reserves for BC. In our view, (BC battery) is relatively more beautiful, and may have its own market space in distributed and other aspects."

Trina Solar also told the New Energy Daily reporter: " (BC battery) investment depends on the cost performance. At present, it mainly focuses on TOPCon, which is the most cost-effective technical route under the company's comprehensive consideration.". "

Atlas related sources pointed out:" I have not heard that the company has a layout of BC batteries, there may be research, but there is no promotion at present. "

BC cells have both efficiency and appearance advantages

, but there are still some problems

to be solved. According to the data, BC cells are called full-back electrode contact crystalline silicon photovoltaic cells. In addition to the main product HPBC at this stage, It also includes HBC (heterojunction back contact), TBC (tunneling oxide passivation back contact) and other technical branches.

At present, the attitude of mainstream photovoltaic manufacturers towards BC battery technology is more differentiated . The corresponding main component products in the industry include: HPBC of Longji Green Energy, ABC of Aixu, IBC of Maxeon, etc.

"Many companies are making BC batteries, mainly to solve optical problems.". It eliminates all the metal shading on the front side, thus improving the efficiency of solar cells. Some practitioners in the photovoltaic field told the reporter of New Energy Daily.

At present, the conversion efficiency of xBC modules (small K note: xBC is a general term for all kinds of BC cells/modules) generally falls in the range of 22.3% -24.2%, the first year attenuation is ≤ 1%, and the temperature coefficient is -0.24%/℃ to -0.29%/℃; The traditional PERC has a conversion efficiency of about 21.4%, an attenuation of 2% in the first year, and a temperature coefficient of -0.

Therefore, with the dual support of efficiency and appearance advantages, BC batteries currently on the market have a significant premium over PERC. Pi Xiu, an analyst at Ping An Securities in

China, believes that distributed photovoltaic power plants have a high tolerance for component prices, and BC battery components are expected to gain a higher premium for their high efficiency, beauty, safety and reliability in the high-end distributed household and industrial and commercial markets, especially in the high-end markets in Europe and the United States. In the relevant research report

, CICC said that BC is expected to gain a certain market share in the distributed scenario by giving full play to its advantages of high efficiency and high beauty, and whether the impact of investment cost and operation yield on production cost can be covered by sales premium will determine the actual rhythm of product volume.

However, it should be noted that BC batteries also have problems to be solved, such as high difficulty in technology implementation and difficult cost control.

Among them, another insider of a " told the New Energy Daily reporter, "Because all the electrodes of the BC structure are on the back, the patterning of the back is very important, and at the same time, it is necessary to ensure that the back can not be short-circuited. The process is relatively complex; at the same time, its requirements for materials are also high. Because its front side contacts light and its back side produces electronic vacancies, its firing life is very high.

BC Battery VS TOPC

on Coexistence or Replacement?

So, how to view the relationship between BC battery and TOPCon? "This technology platform can be combined with various battery structures of PERC and IBC to obtain different battery technologies, such as PBC battery technology, TBC battery technology, etc." The above-mentioned practitioners in the

photovoltaic field further explained: "Based on this premise, we can expand the whole TOPCon technology route to further make BC batteries, and then to the next step, TOPCon batteries are combined with thin film batteries to form laminated batteries to further improve the efficiency of the whole battery."

Another industry told the New Energy Daily reporter: "BC is not juxtaposed with heterojunction and TOPCon.". BC is another dimension (product), which means that BC can be made with TOPCon structure or heterojunction structure.

As for Longji's bet on BC batteries, in the view of the above-mentioned industry insiders, "BC battery structure has obvious advantages in specific scenarios such as distribution, and the distributed market is large, superimposed Longji has R & D advantages, so it is expected that Longji's positioning is to occupy the mainstream in the distributed market."

In addition to Longji Green Energy, many companies in the industry have laid out BC battery products and reserved related technologies. According to the incomplete collation of the New Energy Daily, The main enterprises and their product performances are:

capacity, Since the second quarter, Longji Green Energy has significantly improved the climbing of HPBC and maintained the shipment target of 12-17 GW in 2023; Aixu Co., Ltd. has planned the shipment target of ABC modules in 2023/2024 to be 5-6GW/20-30GW respectively. At the same time, the company points out that ABC modules are 20-30% higher than PERC modules based on efficiency and power generation advantages. Its independent research and development of silver-free metal coating technology reduces production costs, targeting mid-2024 costs equal to TOPCon and end-2024 costs equal to PERC.

In terms of the overall market size, Guojin Securities estimates that the domestic production capacity of xBC batteries is expected to reach 44 GW in 2023, with shipments of about 20 GW.

From the upstream link of the industrial chain, the material side may benefit from the expansion of photovoltaic cells. Today, Shichuang Energy told New Energy Daily: 95% of the additive materials in Longji are our (products). But from the material level, it mainly depends on the size of the battery, not on which technical route. Because no matter what technology it expands, it may eventually use our materials.

Haimuxing told New Energy Daily: "The company has technical reserves related to BC batteries, and there are a small number of customers.". This (BC battery) is the direction set by Longji, but it does not say that it has formed a scale and has done a good job.

According to the analysis of Xu Qiaowei team of Guotai Junan Securities, BC battery production line has obvious demand for laser equipment. "In the process flow of BC battery, the preparation process includes two slotting steps.". Laser non-destructive ablation technology can realize the precise ablation of P \ N passivation film on the back, replace the traditional photolithography route and simplify the process.

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Correlation

On the afternoon of September 26, 2025, the communication meeting on ecological construction of cement industry in Hubei, Hunan and Chongqing (Hubei, Hunan and Chongqing) was held in Wuhan, Hubei Province. Wang Jianchao, Executive Vice President of China Cement Association, Zhang Zhenkun, Executive Director of Yadong Cement, Yang Dan, General Manager of Gezhouba Cement, Du Ping, Vice President of Huaxin Cement, and Liu Zonghu, Vice President of Tianshan Materials, attended the meeting. The chairmen of cement associations of two provinces and one city and the heads of major cement enterprises in the region attended the meeting.

2025-09-28 16:52:21

On September 26, Guizhou issued a peak-staggering production plan for the fourth quarter, requiring that all new dry-process cement clinker production lines in the province be shut down for 65 days + N in the fourth quarter, that is, no less than 65 days per line. The original text of off-peak production is as follows:

2025-09-28 13:59:10

BC Lowers Quotation, Small Factory Raises Price

2025-09-24 16:41:10

The conference focused on industry trends and policies, and conspired for the coordinated and high-quality development of the concrete industry.

2025-09-23 15:30:59

Jingke Energy lowered its quotation by 0.01-0.03 yuan/W

2025-09-17 15:49:01

On September 11, the September Business Analysis Meeting of Shanshui Group was held in Shenyang, where the Northeast Operating Zone is located, to summarize and review the production and operation situation from January to August, analyze and judge the market situation, and arrange for the next key work. Teng Yongjun, Secretary of the Party Committee and Chairman of the Group, attended the meeting and made a speech. Wang Lei, Deputy Secretary of the Party Committee and President, presided over the meeting and made a speech.

2025-09-16 09:35:05

As the cost of upstream and auxiliary materials continues to rise, the performance of manufacturers is more differentiated.

2025-09-12 15:14:41

On September 10, the Supreme People's Court issued five typical anti-monopoly cases, including the "anti-monopoly administrative penalty case" of the Horizontal Monopoly Agreement of the Cement Association.

2025-09-11 11:09:49

The Supreme People's Court issued five typical anti-monopoly cases on the 10th.

2025-09-10 17:12:32

At the beginning of August, the National Cement Price Index (CEMPI) was 104.07 points, and at the end of the month, it closed at 104.89 points, up 0.64% annually and down 7.33% year-on-year.

2025-09-05 09:37:27

The meeting emphasized that cement peak staggering production is an effective means to promote the structural reform of the supply side of the industry, and all enterprises should consciously implement it, with rigidity as the bottom line, integrity as the principle, and rationality as the wisdom.

2025-09-04 10:07:58

The "low price competition" in the component market continues.

2025-09-03 18:00:00

On September 1, Chairman of China Cement Network Shao Jun and his delegation visited Jiangshan Nanfang Cement Co., Ltd. and were warmly welcomed by Xiang Dajiang, the general manager of the company. The two sides had a detailed exchange on the market situation along the Yangtze River and the market trend in the fourth quarter.

2025-09-01 14:07:51

Hubei Province deepens the market-oriented reform of new energy grid price, promotes the formation of new energy price by the market, improves the medium and long-term and spot trading mechanism, establishes the differential settlement system, and promotes the high-quality development of new energy.

2025-08-28 13:04:53

The market price of photovoltaic modules has stabilized as a whole, and the speed of low-price inventory shipment has accelerated.

2025-08-27 15:37:56

On August 22, 2025, an exchange meeting on high-quality development of cement industry in Fujian and Jiangxi provinces was held in Shunchang, Fujian Province, with the theme of "focusing on the new policy of anti-involution and the consensus of Fujian-Jiangxi linkage". He Youdong, president of Fujian Building Materials Industry Association, attended the meeting, which was attended by more than 20 persons in charge of eight cement enterprises and sales teams from the cross-market areas of Fujian and Jiangxi provinces. The meeting was chaired by Zheng Guoming, Secretary-General of Fujian Building Materials Industry Association.

2025-08-26 18:56:26

This week, the overall performance of the PV module market continued to be weak.

2025-08-22 22:16:34

The market price of photovoltaic modules tends to be stable, with partial price reduction.

2025-08-20 18:11:35

Quotations of 3 leading manufacturers are raised

2025-08-15 16:09:22

According to the incomplete statistics of the digital new energy DataBM. Com, the total number of photovoltaic module procurement projects that have been published in July and announced by the winning candidates is about 5.4G W.

2025-08-11 18:01:47

On the evening of August 7, Xiexin Integration issued an announcement on the signing of silicon material procurement contracts and related transactions. The announcement shows that Xiexin Integration Technology (Suzhou) Co., Ltd., a wholly-owned subsidiary of Xiexin Integration, signed the Product Purchase and Sale Framework Contract with Jiangsu Zhongneng Silicon Industry Technology Development Co., Ltd. (Hereinafter referred to as "Zhongneng Silicon Industry") on August 7, 2025.

2025-08-11 09:18:57

The price increase was blocked, and the manufacturer lowered the quotation in disguise.

2025-08-08 15:27:12

In the first half of the week, three leading companies raised their quotations again.

2025-08-06 17:45:05

As of June 2025, the national cement output was 815 million tons, down 4.3% from the same period last year. The domestic demand for cement continued to decline, and the contradiction between supply and demand became increasingly prominent. Faced with the severe market situation, the key for enterprises to cope with the predicament is to continuously reduce costs and increase efficiency and enhance their competitiveness.

2025-08-04 09:56:29

The PV module market continued to be affected by the transmission of upstream price increases, showing an upward trend as a whole.

2025-08-04 09:06:29

In the process of going to sea, domestic cement enterprises should fully recognize the advantages and disadvantages of different ways of going to sea, adjust measures to local conditions, and formulate strategic plans suitable for their own development. At the same time, enterprises need to pay close attention to the international market dynamics, strengthen risk management, and constantly enhance their core competitiveness in order to gain a firm foothold in the overseas market and achieve sustainable development.

2025-07-30 09:31:39

Zhang Mulin, president of Northern Cement, and his delegation went to the member enterprises of Northern Cement in Heilongjiang Province for on-site mobile office work, and went deep into the front line to guide and promote the work in the second half of 2025. He mentioned that in the face of the severe market situation, we should give full play to the advantages of Heilongjiang Province as the traditional core profit area of northern cement, adhere to the leading role of large groups and the linkage of large regions, and make every effort to stabilize the basic ecological situation of the industry, while paying attention to the balance of volume and price, and stabilizing the relative market share.

2025-07-29 10:25:51

The purpose of the meeting is to implement the requirements of the half-year working meeting of China Resources Group in 2025, summarize the work of the company in the first half of the year, review the gaps and shortcomings, analyze and judge the internal and external environmental situation, study and deploy the key tasks in the second half of the year, and lay a good foundation for the scientific planning of the 15th Five-Year Plan.

2025-07-28 13:55:22

Jinyu Jidong Cement Yangquan Taiyuan Region held a semi-annual working meeting in 2025, at which Yan Haifeng pointed out that aiming at expanding the market and igniting the engine of high-quality development, we should take various measures to stabilize the market share, unswervingly promote the normal peak staggering production policy, strengthen close cooperation with marketing companies, establish multi-party cooperation and realize complementary advantages; We should innovation-driven broaden market channels, fully focus on our own advantages, combine market demand and product application scenarios, vigorously develop new products, and create differential advantages.

2025-07-28 09:24:03

At present, the cement industry has serious overcapacity, and the situation of oversupply makes the market competition more and more fierce. If the state of "boiling frogs in warm water" is maintained reluctantly, it will take a long time for enterprises to form a consensus on the market situation, which is a kind of harm to the industry. When necessary, such as the off-season market, the price will hit the bottom, the enterprise will learn from the bitter experience, start to re-examine the market and its own development strategy, and the whole market will stabilize again in an orderly competitive relationship.

2025-07-23 13:41:28

It can be said that intelligent upgrading is the core grasp for cement enterprises to solve cost problems and improve operational efficiency under the complex market situation.

2025-07-22 09:49:30

This week, component prices began to rise, and the price camp continued to expand.

2025-07-18 14:49:22

Representatives of participating enterprises agreed that the cement industry is facing a severe situation of weakening demand and price pressure, and vicious competition has intensified the phenomenon of involution in the industry.

2025-07-17 16:11:17

With only one R & D personnel left, Hebang Biology suspended follow-up investment in silicon wafer projects and stopped float glass research and development.

2025-07-15 17:41:17

In his speech, Wang Lei fully affirmed the company's achievements in the first half of the year. He pointed out that in the context of the overall downturn in the market situation, the company achieved a year-on-year loss reduction and achieved the best performance in the same period in the past 10 years, laying a good foundation for the work in the second half of the year.

2025-07-14 10:36:28

In order to implement the spirit of the relevant meetings of the Central Committee and the Opinions of China Cement Association on Further Promoting the High-quality Development of the Cement Industry, and to promote the healthy development of the cement industry in Gansu Province, on July 3, the Gansu Building Materials Industry Association organized a symposium on the market situation of major cement enterprises in Lanzhou, Baiyin and Linzhou regions. The main leaders and sales managers of major cement enterprises in Lanzhou, Baiyin and Linxia regions attended the meeting.

2025-07-08 15:31:41

The concrete market as a whole showed a weak and stable price trend, the market activity was not good, and the cost of raw materials in some regions continued to decline, which further dragged down the market price. The mainstream price of the same grade concrete in the main urban area of Chongqing is basically maintained at about 220 yuan per square meter.

2025-07-07 17:09:43

Affected by the continuous rain weather, the demand downturn in Guangdong is difficult to improve, coupled with poor market conditions, the price of new projects is less, and the number of orders received by commercial mixed enterprises is less. In terms of price, the cost price of cement has fallen to the cost level, and there is no significant fluctuation in the week. After the transaction price of commercial mixed enterprises continued to fall in the early stage, most projects were even sold at a loss, and the quotation in the week was weak and stable as a whole. The transaction price of cement in Guangxi is still in the downward stage, affected by the cost reduction, coupled with a serious shortage of demand, the market competition is fierce. Recently, the price of concrete in various markets has been reduced by about 5-10 yuan per square meter, and the quotation in various markets is chaotic at present.

2025-07-07 17:08:02

By the end of 2024, 3.249 million tons of production capacity had been put into operation in the world, reaching 3.394 million tons, an increase of 38.1% over the same period last year. Global polysilicon production was approximately 1.957 million tons, representing a year-on-year increase of 21.7%.

2025-07-04 11:28:33

This week, component prices continued the downward channel.

2025-07-04 10:20:15

Attention, everyone, the price of components is still falling in the first half of the week, especially the two leaders.

2025-07-03 17:11:18

In the first half of the week, the price of photovoltaic modules continued to fall, and the two companies lowered their quotations twice in the past two weeks by about 0.01-0.05 yuan/W.

2025-07-02 16:09:47

Prompt announcement shows that on June 30, the cost information of ready-mixed concrete in Shenzhen was released in June. Taking C30 pumping concrete as an example, the price dropped again by 12.8 yuan per square meter this month. From January 2025 to now, the cost information has dropped by 41.7 yuan per square meter, a decrease of about 8.4%. The cost information of ready-mixed concrete in Shenzhen has been declining for 15 consecutive months, and it is understood that most enterprises in the industry are losing money.

2025-07-02 11:13:07

He pointed out that under the current complex and severe market situation, marketing personnel at all levels of the group should strengthen their confidence, give full play to their wisdom, strive to overcome various difficulties, and do a good job of high price, stable quantity and risk prevention.

2025-06-28 15:56:16

Cement and clinker prices in the Yangtze River Delta region have basically fallen back to the level before the rise at the beginning of the month, and some markets continue to decline by about 5-10 yuan/ton on this basis.

2025-06-27 17:17:33

In the first half of the week, component prices continued to decline. Following the price cuts of Longji Green Energy and Jingke Energy last week, the prices of Jingao Technology and Tongwei shares were lowered by 0.01-0.02 yuan/W.

2025-06-25 17:33:56

From September 22, 2025 to September 28, 2025, the highest opening rate of cement kilns in all provinces in China is Tianjin, with the opening rate of 100.00%. Kiln opening rate of 50% and above: 66.72% in Anhui Province, 61.98% in Shandong Province, 59.02% in Henan Province, 56.68% in Jiangsu Province, 50.00% in Liaoning Province and 50.00% in Hainan Province.