JA Solar, a fast-growing Chinese manufacturer of high-performance solar cells, has reached a cell supply agreement with Canadian Solar, a NASDAQ traded standard solar module and specialty solar module and product company with manufacturing operations in China.
"JA Solar is an important strategic supplier to CSI. Securing this additional solar cell supply at a cost meeting our internal target will allow us to fulfill the increased demands from our key customers. CSI continues to ramp up its in-house solar cell manufacturing while maintaining long-term strategic purchasing from a couple of selected supply partners. We believe this balanced supply strategy helps to create a win-win situation and provides us with the ability to quickly respond to demand surges from our customers." Dr. Shawn Qu, CSI's Chairman and CEO, said.
"CSI is a good example of the fast growing, high-quality, global manufacturer we continue to successfully partner and grow with. This is an important agreement for both companies." Samuel Yang, JA Solar's CEO, added.
This news comes to confirm the agreement trend discussed in the last days in our pages. More will come.
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