Sungrow’s sales in significant rebound in Q2 after COVID-19 impact.

by Nov 5, 2020

Sungrow made a complete turnaround in the second quarter of 2020 with revenue reaching RMB 5,095 million, which is reported to be Sungrow’s second highest quarterly figures. Sungrow’s Q2 sales rebound included 50% rise in energy storage revenues, which boosted the company’s overall sales as well. One of the reasons for that might be their strategy to diversify and add new business lines such as energy storage and project development alongside its core business of making and supplying inverters. Link to the news: