The Silicon Industry Department of the China Non-ferrous Metals Industry Association (CNMIA) reported on June 18 that polysilicon prices fell for the third week in a row. N-type rechargeable polysilicon traded at CNY32,000–34,000 ($4,402–$4,677) per ton, with an average of CNY33,400 ($4,594), down 1.47% week-on-week. N-type granular silicon traded at CNY32,000–33,500 ($4,402–$4,608) per tonne, with an average of CNY33,000 ($4,539), down 1.49%. The association attributed the decline to ongoing inventory pressure and the restart and ramp-up of production by some producers in June, which has reinforced expectations of rising supply and prompted some polysilicon makers to cut prices to reduce inventories.
On June 14, PV production equipment supplier Laplace said it plans to raise up to CNY2.2 billion ($303 million) through a private placement. The proceeds will be used for research and development of high-end PV and semiconductor equipment, the second phase of Wuxi’s high-end PV equipment manufacturing base, digital and intelligent upgrades and working capital. The company plans to allocate CNY1.25 billion ($172 million) to R&D, CNY135 million ($18.6 million) to Wuxi expansion, CNY156 million ($21.5 million) to digitalization and CNY660 million ($90.8 million) to working capital.
On June 16, Growing has applied for mainboard listing with the Hong Kong Stock Exchange, with Huatai International as sponsor. This is Growatt’s third attempt at an IPO in Hong Kong, following previous filings on June 24, 2022 and March 20, 2023, both of which have expired. As of June 19, 2026, the company had not disclosed the target fundraising size. It said the proceeds would be used for global sales channels and localization, core technology R&D and product upgrades, capacity expansion, supply chain improvements and working capital.
Imagine energy announced its ‘Mission Gobi’ plan on June 17 at VivaTech, aimed at developing 5 GW of green AI computing centers in desert and Gobi regions worldwide by 2030. The company said its AI power system has already been widely deployed in China. In Chifeng, Inner Mongolia, Envision has commissioned what it describes as the world’s first large-scale “computing-power synergy” system, based on a 2 GW, 100% renewable energy supply architecture, designed to coordinate wind, solar, storage, hydrogen and computing loads in real time.
