KITCHENER, ON, May 6, 2025 /PRNewswire/ — Canadian Solar Inc. (the “Company” or “Canadian Solar”) (NASDAQ: CSIQ) today announced the launch of its new N-type high power TOPBiHiKu CS6.2 module series for both Utility and Commercial & Industrial Systems. Based on the latest TOPCon cell technology, the module delivers a maximum power output up to 660 Wp and a conversion efficiency of up to 24.4%. Canadian Solar is beginning with its global deliveries in August 2025.

The TOPCon 2.0 module series integrates cutting-edge innovations to maximize energy yield and system value for maximum system performance and output with the following key technical innovations:

• Fine line printing: Reduces finger width by over 30%, minimizing shading effect and improving incident light utilization by 1% (absolute).
• Advanced firing process: Improves contact resistance and reduces carrier recombination in the contact area, increasing open-circuit voltage by 10 mV.
• Rear polysilicon optimization: Minimizes parasitic absorption and reduces current loss, achieving bifaciality of up to 90%.
• Next-gen passivation: Reduces emitter recombination losses by up to 20%, increasing cell efficiency by 0.1% (absolute) via open-circuit voltage optimization.
• Ultra-precise SMBB design: Minimizes electrical resistance and associated power losses.

Canadian Solar’s new N-type high power module enhances project economics, offering up to 90% bifaciality, an optimized temperature coefficient (-0.28%/°C) which enables up to 2% lower balance of system costs, and up to 5% reduction in LCOE compared to today’s standard TOPCon PV modules.

Thomas Koerner, Corporate Senior Vice President of Canadian Solar, remarked, “We are pleased to announce our new N-type high power module. The CS6.2 module-series represents a significant leap forward in solar technology, delivering highest module efficiency, significantly lower LCOE, and greater sustainability for utility and commercial and industrial PV projects. With this launch, we reaffirm our commitment to innovation and customer centric developments as a leader of the global energy transition.”

The TOPCon 2.0 module series will be showcased at Intersolar Europe from May 7 to 9, in Munich, Germany. Visit Canadian Solar booth A2.380 to learn more.

About Canadian Solar Inc.

Canadian Solar is one of the world’s largest solar technology and renewable energy companies. Founded in 2001 and headquartered in Kitchener, Ontario, the Company is a leading manufacturer of solar photovoltaic modules; provider of solar energy and battery energy storage solutions; and developer, owner, and operator of utility-scale solar power and battery energy storage projects. Over the past 24 years, Canadian Solar has successfully delivered nearly 150 GW of premium-quality, solar photovoltaic modules to customers across the world. Through its subsidiary e-STORAGE, Canadian Solar has shipped over 10 GWh of battery energy storage solutions to global markets as of December 31, 2024, boasting a US$3.2 billion contracted backlog as of December 31, 2024. Since entering the project development business in 2010, Canadian Solar has developed, built, and connected approximately 11.5 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally. Its geographically diversified project development pipeline includes 25 GWp of solar and 75 GWh of battery energy storage capacity in various stages of development. Canadian Solar is one of the most bankable companies in the solar and renewable energy industry, having been publicly listed on the NASDAQ since 2006. For additional information about the Company, follow Canadian Solar on LinkedIn or visit www.canadiansolar.com.

Safe Harbor/Forward-Looking Statements 

Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially. These statements are made under the “Safe Harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by such terms as “believes,” “expects,” “anticipates,” “intends,” “estimates,” the negative of these terms, or other comparable terminology. Factors that could cause actual results to differ include general business, regulatory and economic conditions and the state of the solar power and battery energy storage market and industry; geopolitical tensions and conflicts, including impasses, sanctions and export controls; volatility, uncertainty, delays and disruptions related to global pandemics; supply chain disruptions; governmental support for the deployment of solar power and battery energy storage; future available supplies of silicon, solar wafers and lithium cells; demand for end-use products by consumers and inventory levels of such products in the supply chain; changes in demand from significant customers; changes in demand from major markets such as China, the U.S., Europe, Brazil and Japan; changes in effective tax rates; changes in customer order patterns; changes in product mix; changes in corporate responsibility, especially environmental, social and governance (“ESG”) requirements; capacity utilization; level of competition; pricing pressure and declines in or failure to timely adjust average selling prices; delays in new product introduction; delays in utility-scale project approval process; delays in utility-scale project construction; delays in the completion of project sales; the pipeline of projects and timelines related to them; the ability of the parties to optimize value of that pipeline; continued success in technological innovations and delivery of products with the features that customers demand; shortage in supply of materials or capacity requirements; availability of financing; exchange and inflation rate fluctuations; litigation and other risks as described in the Company’s filings with the Securities and Exchange Commission, including its annual report on Form 20-F filed on April 30, 2025. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, it cannot guarantee future results, level of activity, performance, or achievements. Investors should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and Canadian Solar undertakes no duty to update such information, except as required under applicable law.

CANADIAN SOLAR INC. INVESTOR RELATIONS CONTACT
Wina Huang
Investor Relations Canadian Solar Inc.
investor@canadiansolar.com 

BEIJING, May 6, 2025 /PRNewswire/ — China is revving up efforts to fulfill the targets set in the 14th Five-Year Plan (2021-25) in the final year of its implementation and to formulate the next five-year plan. While presiding over a symposium on China’s economic and social development in the 15th Five-Year Plan period (2026-30) on April 30, Chinese President Xi Jinping called for adapting to changing situations, grasping strategic priorities, and making sound plans. What are the highlights of China’s next five-year plan? What is the significance of China’s capacity to focus on long-term objectives in an era marked by unprecedented changes? The Global Times invites three experts to share their views.

Warwick Powell, an adjunct professor at the Queensland University of Technology, a senior fellow at Taihe Institute and a former advisor to Kevin Rudd, former Australian prime minister

In an era increasingly defined by geopolitical turbulence and short-termism, China’s capacity to focus on long-term objectives stands out. This capacity is not accidental and provides clarity for the nation as well as a safe harbor for nations in the current tempest. It emerges from a complex institutional architecture that enables systematic planning, sustained consultation, and the integration of broad societal input into policy. Central to this architecture are China’s five-year plans, strategic documents that reflect not only the will of the state but the contributions of a wide array of societal actors. These plans are not top-down edicts, but are the product of extensive deliberation and engagement across the entire polity.

The upcoming 15th Five-Year Plan is clearly within this tradition of structured and informed deliberation and planning. The plan emphasized the need to continue China’s process of “high-standard opening up” together with a commitment to fostering new quality productive forces, so as to address the uncertainty of drastic changes in the external environment with the certainty of the country’s high-quality development. 

The question of the economic development speaks directly to the contours of the global economy and the institutions that support stability internationally. These are under stress in multiple areas. The message from China, as emphasized in the 15th Five-Year Plan, is that in times of uncertainty and flux, China understands it has a responsibility both to itself and to the rest of the world to ensure its plans are stable and interactions with China at all levels remain dependable. This is what countries need to chart their own courses of action to find safe harbor and maintain sustainable economic and social development.

The ability to plan, consult and coordinate over the long term is not just a domestic virtue. Rather, it is increasingly a global asset. As other great powers struggle with internal polarization and short election cycles that encourage reactive rather than strategic policy, China’s institutional infrastructure allows it to plan long term, and to stay the course. This enables it to function as a fulcrum around which other nations can orient their own development strategies, trade relations, and diplomatic initiatives. In this sense, China can fulfil its role as a great enabling power.

China’s long-term focus is the result of institutional sophistication, rooted in both modern expertise and ancient traditions. The five-year plan system exemplifies an approach to governance that is dialogic, evidence-driven, and anchored in a deep ethic of responsibility. This system reflects a functional polity, where macro-level decision-making is grounded in ethical commitment and societal engagement. In an increasingly fractured world, China does not merely weather the storm; it provides a lighthouse by which others may navigate. That is a role of immense significance and growing global appreciation.

Keith Lamb, an independent international relations analyst who focuses on China’s socialist development and global inequality

China’s five-year plans function as comprehensive blueprints for national social and economic development. They outline goals, strategies, and priorities to address evolving historical challenges. In doing so, they align society toward the common good, chart a course for a better future and function as instruments for strengthening China’s democracy.

China’s five-year plans, when viewed as a continuous series, contribute to a broader national strategy. One such visionary goal is China’s aim to build itself into a great modern socialist country in all respects by 2049. Socialism that works for all is, by definition, democratic. Yet, the implications extend far beyond China, offering a model for humanity. Only through deliberate planning can we create a rational world that aligns humanity with nature, rather than perpetuating short-term profiteering at the expense of our planet.

Recognizing China’s long-term planning as a key instrument in building a democratic reality and a sustainable future, it comes as no surprise that China now leads the world in green technology, electric vehicles, high-speed rail, and desert reclamation.

Such achievements would not have been possible if capital, driven by short-term profit cycles, dominated the state at the cost of democracy and environmental well-being.

Living in China, I’ve witnessed remarkable changes over five years – transformations that might take generations elsewhere. The 14th Five-Year Plan has propelled China to the forefront of numerous technologies, particularly in green innovation.

By prioritizing the common good, China’s five-year plans are democratic, delivering material, social, and increasingly cultural improvements for the majority, not just a select elite.

Anthony Moretti, an associate professor at the Department of Communication and Organizational Leadership at Robert Morris University

We can anticipate that China will maintain its commitment to long-term thinking, ensuring, among other things, that high-quality development is fundamental to all decisions.

In effect, goals are set. Overarching everything is the requirement that the overall well-being of the Chinese people is central to every action.

The following words, uttered by President Xi in 2013, are as relevant now as they were then: “The Chinese Dream of the rejuvenation of the Chinese nation means that we will make China prosperous and strong, rejuvenate the nation, and bring happiness to the Chinese people.”

Other nations and their citizens understand that China’s emphasis on peaceful coexistence, mutual respect and win-win cooperation is essential to how China positions itself on the global stage.

China is poised to embark on its 15th Five-Year Plan – and it should do so with confidence.

SHANGHAI, May 6, 2025 /PRNewswire/ — ZKH Group Limited (“ZKH” or the “Company”) (NYSE: ZKH), a leading maintenance, repair and operations (“MRO”) procurement service platform in China, today announced that it will release its unaudited financial results for the first quarter of 2025, on Tuesday, May 20, 2025, before the open of the U.S. markets.

The Company’s management will hold an earnings conference call on Tuesday, May 20, 2025 at 8:00 A.M. U.S. Eastern Time (8:00 P.M. Beijing/Hong Kong Time) to discuss the financial results. Listeners may access the call by dialing the following numbers:

A replay of the conference call will be accessible by phone one hour after the conclusion of the live call at the following numbers, until May 27, 2025:

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at https://ir.zkh.com.

About ZKH Group Limited

ZKH Group Limited (NYSE: ZKH) is a leading MRO procurement service platform in China, underpinned by robust supply chain capabilities and dedicated to serving customers globally through a product-led, agentic AI-driven approach. Through its primary online platforms, the ZKH platform and the GBB platform, along with innovative technology and extensive industry expertise, the Company provides bespoke MRO procurement solutions to a diverse and loyal customer base. These solutions encompass hyper-personalized product curation from a comprehensive selection of quality products at competitive prices. Additionally, the Company ensures timely and reliable product delivery through professional fulfillment services. By focusing on reducing procurement costs and addressing management efficiency challenges, ZKH is transforming the opaque MRO procurement process and empowering all stakeholders across the value chain.

For more information, please visit https://ir.zkh.com.

For investor and media inquiries, please contact:

In China:

ZKH Group Limited
IR Department
E-mail: IR@zkh.com

Piacente Financial Communications
Hui Fan
Tel: +86-10-6508-0677
E-mail: zkh@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
E-mail: zkh@thepiacentegroup.com