Solis - 3rd Largest PV inverter Manufacturer Globally

Solis Inverters, a prominent global player in the solar energy industry, received recognition as the third-largest solar company in terms of shipments worldwide, by Wood Mackenzie in July 2023, in Ningbo, China. This noteworthy acknowledgment underscores Solis' unwavering commitment to technological innovation, product quality, and a sustainable future.

In 2022, Solis marked an exceptional year of growth with the inauguration of a state-of-the-art, automated production facility. This expansion significantly boosted the company's manufacturing capacity, allowing it to cater to an even broader global customer base. Despite facing multiple challenges throughout the year, Solis managed to gain market share, thanks to the strong support from its partners and customers, ensuring timely deliveries.

In the year 2022, Solis achieved an impressive 86% growth over 2021, making it the fastest-growing company among the top five global firms. Moreover, this growth was built upon a substantial 61% increase in 2021 over the previous year, highlighting the company's robust sales network and brand recognition.

Sandy Woodward, a spokesperson for Solis Inverters, proudly declared, "Solis has retained its position as the third-largest PV inverter manufacturer globally for the second consecutive year. Our success is indebted to the dedication of our 4500+ strong global team in pursuit of excellence. As we further expand our manufacturing capacity, we are well-positioned to continue our growth journey, committed to contributing to a zero-carbon future."

This recent achievement adds to Solis' collection of awards and recognitions over the past 18 months. The company was honored with the "top inverter brand 2023" seal for Belgium by the renowned global market research organization, EUPD Research, having previously received the same seal for the Netherlands and South Africa. This marks the eighth consecutive year that Solis has been acknowledged by EUPD Research, based on more than 100,000 interviews conducted across over 50 countries.

With a presence in over 100 countries across the globe, Solis Inverters' rapid rise in the rankings reflects its commitment to meeting market demands. The company is on track to exceed 80 GWs in overall manufacturing capacity by the end of 2023. Solis continues to focus on a model where it fully supports both local and international sales, marketing, training, engineering, and service support for its clients, ensuring high levels of satisfaction and a strong brand presence, especially in emerging markets.

About Solis:

Established in 2005 and publicly listed on the Shenzhen Stock Exchange (300763.SZ), Ginlong (Solis) Technologies stands as one of the largest and most experienced global solar inverter manufacturers. The company offers cost-effective solutions for homes, businesses, and large-scale power plants, delivering value at every step of the solar supply chain. This approach appeals to homeowners, businesses, electricity producers, and renewable energy investors globally. Combining a global supply chain with world-class R&D and manufacturing capabilities, Solis optimizes its inverters for each regional market, providing customer support through local experts.

The company is dedicated to collaborating with stakeholders to accelerate the world's transition to a more sustainable future.

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