Why are Chinese panels and inverters so cheap:

Why are Chinese panels and inverters so cheap:

Solar power has been budding especially since EVN raised the price of electricity since March 2019, along with the propaganda of all electricity workers, many households and businesses in the South have responded. installing solar power to save money on electricity costs. Some people are able to invest to sell electricity to EVN with a preferential purchase price of 9.35 UScents and have signed a 20-year power purchase contract.

However, in that boom, it witnessed the ‘landing’ of Chinese solar panels and inverters into Vietnam, in that wave of landing brought the cow-shaped map into Vietnam. Obviously, this is not a coincidence, but the intention of China is very deep and calculated long ago.

Deciphering why Chinese panels and inverters dominate the Vietnamese market, the only reasonable reason is ‘cheap’.
So how can Chinese companies apply such low prices, and here are the reasons:

– Abundant human resources: China is one of the most populous countries in the world, so the labor resources here are plentiful and do not worry about lack of labor and the cheapest labor cost in the world, so help businesses saving production costs, making the product cost is lowest.

– Source components plentiful: China is a world-wide factory so the supporting industry is extremely developed, maybe in the world, there is not any country, but it is easy and cheap to buy components as in China.

– The peak of the counterfeit and it is blend of genuine goods, and customers to take risks …

– Government production and export incentives: The Chinese State is always ready to encourage and facilitate the development of enterprises and production facilities. Banks in China are always ready to contribute capital and lend to businesses and, if unable to pay, the state will offer relief to banks in all cases.

Realizing that Vietnam is facing the risk of power shortage, the Chinese government is ready to sponsor businesses to help Chinese batteries and inverters enter Vietnam to integrate the intrigue via cow’s tongue image in power monitoring software and design software.

Vietnam seems well aware of this tactic, the problem of how to prevent the panels and inverters made in China are not easy questions to find the answers.

Lithaco solar power company says no to Chinese panels and inverters. If you want to buy or advise on high quality genuine solar battery, please contact:

• Address: 514 Tran Van Giau, Tan Tao Ward, Binh Tan District, Ho Chi Minh City
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