German Bosch Group announced that it will exit the solar business

Beijing early morning of March 23, the German industrial complex Bosch Group issued a statement on Friday that, taking into account the global solar market overcapacity continuing losses, the first in early 2014 to the end of the solar-related businesses.

(Review: suffered serious losses in 2012, the solar manufacturer Bosch (BoschSolarEnergy) last week to review the future of the solar industry, Bosch Solar Energy spokesman, said in an interview, although not yet reaching a resolution, but the company is working on its solar panels energy industry continue to exist to discuss reports January Bosch solar energy division lost $ 1.4 billion.

At that time, the chief executive officer Volkmar of · Dengna (VolkmarDenner), said in an interview with Bloomberg News, "has not yet reached the strategic adjustment of the final decision. ) Bosch Group, in a written statement that, "Bosch silicon ingots, wafers, cells yuan and module manufacturing business operations from the beginning of the end of 2014," the statement stressed that these operations were not "sufficient competitive status.

Bosch said it would seek to close or sell under the name of the solar charge controller assets previously made in Malaysia to establish a plan of capacity will be completely abandoned. The statement said that in the past few months, a thorough review of the solar business, considering the degree of advanced technology, the potential for cost reduction and strategic challenges may be, as well as consultations with potential partners. Bosch Managing Director Walker Martha - Danner (VolkmarDenner), pointed out, "Nevertheless, these possibilities have not led to a solar sector economically viable long-term solution."

Bosch is the industry leader in Germany Q-Cells, including a large number of European solar enterprise bankruptcy after making this decision. South Korean companies in 2012, Hanwha Group acquired Q-Cells. European home solar panels related products manufacturer has been accused from Asia, especially China's low-cost competitors products is causing confusion in the market. They think these manufacturers dumping products below cost price in Europe, leading European solar industry companies in trouble.

While the solar industry enterprises in China has been firmly opposed to such allegations, the European companies or success to persuade the United States to impose additional anti-dumping duties on products from China, the EU is also considering whether to take similar measures. As one of the world's largest auto parts supplier in the world, the Bosch Group has over the years also in the renewable energy industry, especially in the solar industry investment, hoping to get rid of dependence on the automotive market. However, because of overcapacity led to price declines and the factory closed in 2012, the company recorded in the solar energy business loss of 1 billion euros ($ 1.29 billion) and impairment.