Li Zhenguo, founder and president of LONGi Green Energy, said in a recent interview, "I never expected that the price of photovoltaic products would now be below the cost line."

Not only Li did not expect it, but the entire Chinese photovoltaic industry did not expect it. When the main chain manufacturing link suffered large-scale losses, photovoltaic practitioners had to accept the reality: the days of high growth and high dividends like the past two years are really gone forever.

"I think in terms of technological change, Longi Green Energy's choice of BC technology [back contact battery technology] this time is no less than the previous round of single crystals." Li said, "To some extent, the technical difficulty this time is higher than that stage."

In Li's eyes, the investment in BC technology has become the second revolution of LONGi Green Energy.

"Since the end of last year, we have tackled the key points of BC technology, so you will see that we have started to promote the second-generation BC products this year. Of course, there are still some links that need to be tackled, but I believe that after these problems are solved, the competitiveness of BC will be too strong."

"I personally think that 2025 will be the year of preparation and accumulation for the large-scale shipment of our BC products." Li said frankly, "The most difficult time for LONGi Green Energy is over."