JinkoSolar Holding Co., Ltd. (
NYSE:
JKS) is a solar module manufacturer headquartered in
Shanghai, China, and listed on the New York Stock Exchange since 2010. Its subsidiary Jinko Solar Co., Ltd. (
SSE:
688223) was listed on the Shanghai Stock Exchange's Science and Technology Innovation Board in 2022.
History
In December 2006, JinkoSolar was established in December 2006 in Shangrao, Jiangxi, China.[3]
In May 2010, JinkoSolar was listed on the
New York Stock Exchange. In 2015, JinkoSolar established manufacturing operations in Malaysia.[4]
In 2019, Jinko officially opened the company's first U.S. factory.[5][6]
Jinko Solar provided the equipment for, and has a 20% ownership stake in, the 2 GW
Al Dhafra Solar project in the
United Arab Emirates, which was announced in 2020 and opened in 2023 and was one of the world's largest solar projects.[7][8]
In 2021, the
U.S. Customs and Border Protection began blocking the import of JinkoSolar products into the United States due to concerns about the use of
forced Uyghur labor.[9] In August 2023, the U.S. Department of Commerce determined that JinkoSolar had not circumvented tariffs on Chinese made goods.[10][11]
In 2022, the company established a factory in Vietnam.[12][13]
In May 2023, agents from the
United States Department of Homeland Security and
Federal Bureau of Investigation raided JinkoSolar's offices in Jacksonville, Florida.[14] A survey conducted by US Customs and Border Protection in 2024 indicated taking a strong enforcement approach that will be difficult to answer for small/medium-sized solar companies without stable supply chain. Increased enforcement was noted by
Roth Capital Partners to be beneficial for larger manufacturers such as Jinko, who had "mostly cleared the
UFLPA gauntlet".[15]