Latest news with #LisaZhang
Korea Herald
7 days ago
- Business
- Korea Herald
Growatt Achieves Global No.1 Residential PV Inverter Supplier in 2024
BERLIN, July 23, 2025 /PRNewswire/ -- Growatt, a world-leading provider of distributed solar and energy storage solutions (ESS), has secured top positions in the 2024 global PV inverter rankings, solidifying its leadership in the solar energy sector and demonstrating its strong performance across key market segments. According to the latest report, Growatt is ranked the: The rankings are based on the newly released 2024 PV Inverter Market Tracker by S&P Global Commodity Insights, a leading authority in global solar market intelligence. The latest results mark a step up from Growatt's 2023 performance, where it was named the Top 2 Residential PV Inverter Supplier and Top 5 Overall PV Inverter Supplier worldwide. "Being recognized by S&P Global as the top solar inverter brand in 2024—especially as the No.1 global residential PV inverter supplier—is a true honor," said Lisa Zhang, Vice President of Growatt. "This achievement is a testament to the strong partnerships, user trust, and tireless dedication of our global team." Empowering Millions with Reliable and Smart Solar Energy Solutions As a leading solar inverter brand, Growatt offers a comprehensive portfolio of solar energy solutions, including hybrid inverters, residential and commercial solar inverter systems, and smart energy storage solutions. Growatt provides smart energy solutions to customers in over 180 countries worldwide, powering millions of homes and businesses globally and empowering them to adopt clean, independent, and cost-effective energy. Thank You to Our Global Community Growatt extends heartfelt appreciation to its partners, distributors, EPCs, installers, and global users whose continued trust and support have made these achievements possible. From on-the-ground technical teams to regional sales and service partners, this success is shared by all who work toward expanding clean energy access. "This milestone belongs to our global network," said David Ding, CEO of Growatt. "Together, we are shaping a more sustainable and energy-resilient future." Commitment to Innovation, Service, and Sustainability Growatt continues to lead through strong R&D investment, allocating 4.5% of its annual revenue to research and development. The company operates four major R&D centers in Shenzhen, Huizhou, Xi'an, and Germany, and boasts a team of over 1,100 experienced R&D engineers specializing in photovoltaic and energy storage technologies. This solid foundation keeps Growatt ahead of the curve, with deep expertise in the core technologies driving solar energy generation and storage solutions. The company has also launched a wide range of AI-powered tools, energy storage systems with hybrid inverters, smart energy assistants, and intelligent monitoring platforms to optimize system performance and deliver seamless energy management for users worldwide. To further support global partners, Growatt has built an extensive network of training centers, after-sales support teams, and technical service hubs. This localized approach ensures that global users receive prompt and professional assistance. As a top solar company with global presence, Growatt remains committed to developing tailored solutions for emerging markets and strengthening its mission to be the most reliable solar inverter company in the clean energy transition. Founded in 2011, Growatt is a globally recognized provider of distributed solar and energy storage solutions, offering PV inverters, battery storage systems, EV chargers, and smart energy management platforms. With a strong R&D team and a presence in over 180 countries, Growatt continues to lead in technology innovation and customer satisfaction, empowering a greener, more sustainable future.
Korea Herald
16-06-2025
- Business
- Korea Herald
Exploring Growatt's Latest PV and Energy Storage Innovations at SNEC 2025
BERLIN, June 16, 2025 /PRNewswire/ -- Growatt showcased its latest solar and energy storage innovations at SNEC PV Power Expo 2025 in Shanghai, from June 11–13. The exhibit featured smart, scalable solutions for residential, C&I, and balcony solar, highlighting Growatt's commitment to empowering global energy independence. Key highlights included next-gen hybrid inverters, plug-and-play storage systems, and high-performance utility-scale solutions. Residential Solar and Energy Storage Solutions: Smarter, Safer, and More Scalable Ranked as the Global Top 2 Residential Inverter Supplier, Growatt continues to set benchmarks in smart home energy with solutions that are more intelligent, secure, and adaptable to different household needs. Leading the residential showcase was the NEXA 2000, an innovative balcony energy storage system designed for urban households and compact spaces. This plug-and-play solution supports up to 2600W PV input, 4 MPPTs, and 20A string current, making it ideal for 650W+ high-power modules. Its modular battery design, expandable up to 8kWh, enables flexible energy storage. The system also features AI-powered smart scheduling, Time-of-Use (ToU) optimization, and an off-grid mode for backup power during outages. In addition, Growatt also featured a wide range of hybrid and off-grid residential solutions that empowers homeowners to achieve energy independence: All residential products integrate with Growatt's smart platforms—ShinePhone, ShineServer, and OSS—to provide real-time monitoring, intelligent energy scheduling, and remote diagnostics. Commercial, Industrial & Utility Solutions: Powering Business at Every Scale Growatt, ranked among the Top 5 global commercial inverter suppliers, continues to empower EPCs, developers, and enterprises with scalable and intelligent energy solutions. At SNEC 2025, the company unveiled a full spectrum of innovations spanning commercial rooftops to utility-scale ground mounts. For commercial and industrial (C&I) applications, Growatt showcased high-performance hybrid and on-grid inverters: From commercial rooftops to utility farms, Growatt's advanced C&I and utility products deliver the efficiency, flexibility, and intelligence needed to future-proof large-scale solar projects. Driving Innovation with Global Partners With over a decade of experience and installations in 180+ countries, Growatt has become one of the most trusted names in solar inverter and energy storage technology. This year's SNEC presence was not just a product showcase, but a reaffirmation of the brand's mission to democratize clean energy through accessible and scalable solutions. "We're thrilled to return to SNEC 2025 and connect with our global partners," said Lisa Zhang, Vice President at Growatt. "Our innovations this year—from balcony PV systems to commercial hybrid energy storage—are designed to meet the diverse and evolving needs of customers around the world." About Growatt Founded in 2011, Growatt is a globally recognized provider of distributed solar and energy storage solutions, offering PV inverters, battery storage systems, EV chargers, and smart energy management platforms. With a strong R&D team and a presence in over 180 countries, Growatt continues to lead in technology innovation and customer satisfaction, empowering a greener, more sustainable future.
Fashion Network
10-06-2025
- Business
- Fashion Network
Luxury Coach bag for $30? Deflation reshapes China's luxury market
Data released on Monday showed that consumer prices fell 0.1% in May compared to a year earlier. Due to oversupply and weak household demand, price wars have erupted across sectors, including autos, e-commerce, and coffee. "We still think persistent overcapacity will keep China in deflation both this year and next," Capital Economics stated in a research note. New businesses are targeting cost-conscious consumers by offering low-priced options, including 3 yuan ($0.40) breakfast menus at restaurants and supermarkets hosting flash sales four times a day. However, economists argue that these pricing battles are unsustainable. Companies that fail to compete may close, increasing unemployment and exacerbating deflation. Since the pandemic, rising price sensitivity has fueled growth in China's second-hand luxury market. According to a 2023 report by Zhiyan Consulting, the sector recorded annual growth above 20%. This growth has also led to a surge in supply, which is reflected in deeper discounts. Some new stores, including Super Zhuanzhuan, offer products at up to 90% off their original prices, far below the industry average of 30–40% in recent years. Discounts of 70% or more have also become common on major second-hand platforms such as Xianyu, Feiyu, Ponhu, and Plum. "In the current economic environment, we are seeing more existing luxury consumers shift to the second-hand market," said Lisa Zhang, an expert at Daxue Consulting, a market research and strategy firm specializing in China. "But sellers offer more discounts because of growing competition." At Super Zhuanzhuan, a green Coach Christie carryall handbag—originally sold for 3,260 yuan ($454)—now costs just 219 yuan ($30). A Givenchy G Cube necklace that once retailed for 2,200 yuan now sells for 187 yuan. "Each year, the number of sellers grows by about 20%, but the number of buyers has stayed relatively stable," said the founder of another second-hand luxury business in China, who requested anonymity to speak candidly. "The middle class—its salary has really decreased. The economy is the number one reason we're seeing these trends." He noted that while large cities like Shanghai and Beijing still support new market entrants, smaller cities lack enough demand. "I would expect most of the recently opened stores will eventually close," he said. University professor Riley Chang browsed at Super Zhuanzhuan—not to buy anything, as she has avoided big brands since the pandemic—but to assess the market if she decides to sell her possessions. She left unimpressed. "I've been to several major second-hand luxury stores in Beijing and Shanghai, and they all try to push your price as low as possible," Chang said. ($1 = 7.1833 Chinese yuan renminbi)
Fashion Network
10-06-2025
- Business
- Fashion Network
Luxury Coach bag for $30? Deflation reshapes China's luxury market
Data released on Monday showed that consumer prices fell 0.1% in May compared to a year earlier. Due to oversupply and weak household demand, price wars have erupted across sectors, including autos, e-commerce, and coffee. "We still think persistent overcapacity will keep China in deflation both this year and next," Capital Economics stated in a research note. New businesses are targeting cost-conscious consumers by offering low-priced options, including 3 yuan ($0.40) breakfast menus at restaurants and supermarkets hosting flash sales four times a day. However, economists argue that these pricing battles are unsustainable. Companies that fail to compete may close, increasing unemployment and exacerbating deflation. Since the pandemic, rising price sensitivity has fueled growth in China's second-hand luxury market. According to a 2023 report by Zhiyan Consulting, the sector recorded annual growth above 20%. This growth has also led to a surge in supply, which is reflected in deeper discounts. Some new stores, including Super Zhuanzhuan, offer products at up to 90% off their original prices, far below the industry average of 30–40% in recent years. Discounts of 70% or more have also become common on major second-hand platforms such as Xianyu, Feiyu, Ponhu, and Plum. "In the current economic environment, we are seeing more existing luxury consumers shift to the second-hand market," said Lisa Zhang, an expert at Daxue Consulting, a market research and strategy firm specializing in China. "But sellers offer more discounts because of growing competition." At Super Zhuanzhuan, a green Coach Christie carryall handbag—originally sold for 3,260 yuan ($454)—now costs just 219 yuan ($30). A Givenchy G Cube necklace that once retailed for 2,200 yuan now sells for 187 yuan. "Each year, the number of sellers grows by about 20%, but the number of buyers has stayed relatively stable," said the founder of another second-hand luxury business in China, who requested anonymity to speak candidly. "The middle class—its salary has really decreased. The economy is the number one reason we're seeing these trends." He noted that while large cities like Shanghai and Beijing still support new market entrants, smaller cities lack enough demand. "I would expect most of the recently opened stores will eventually close," he said. University professor Riley Chang browsed at Super Zhuanzhuan—not to buy anything, as she has avoided big brands since the pandemic—but to assess the market if she decides to sell her possessions. She left unimpressed. "I've been to several major second-hand luxury stores in Beijing and Shanghai, and they all try to push your price as low as possible," Chang said. ($1 = 7.1833 Chinese yuan renminbi)
