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China's Jinko to produce solar panels in Florida from cells imported from Malaysia


Jeff Juger, business development director of JinkoSolar, said the US$50 billion in tariffs on Chinese products "do not impact our operation in Florida because all the cells we're going to import (to the plant) come from Malaysia." (File pic shows the JinkoSolar factory in Butterrowth, Malaysia.)

Jeff Juger, business development director of JinkoSolar, said the US$50 billion in tariffs on Chinese products "do not impact our operation in Florida because all the cells we're going to import (to the plant) come from Malaysia." (File pic shows the JinkoSolar factory in Butterrowth, Malaysia.)

NEW YORK: Chinese manufacturer JinkoSolar Holding Co Ltd expects to start manufacturing solar panels at a new factory in Jacksonville, Florida, by the fourth quarter, and production will not be affected by the latest round of U.S. tariffs on Chinese products as the cells are coming from Malaysia, a company executive said on Tuesday.

The administration of President Donald Trump on Monday threatened to slap a 10 percent tariff on $200 billion of Chinese goods in addition to import duties previously announced on $50 billion in goods, deepening a trade conflict that has hit financial markets and has led Beijing to vow a firm response.

Corporate News , Taxation , Technology

   

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