23
Tue, Oct

The report provides separate comprehensive analytics for the US, Canada, Europe, China, and Rest of World. Annual estimates and forecasts are provided for the period 2015 through 2022. Also, a six-year historic analysis is provided for these markets. Market data and analytics are derived from primary and secondary research. This report analyzes the worldwide markets for Yacht Industry in US$ Million.

The report profiles 214 companies including many key and niche players such as:

  • Azimut Benetti
  • Baglietto s.p.a
  • Bavaria Yachtbau GmbH
  • BENETEAU
  • Brunswick Corporation
  • Cheoy Lee Shipyards Limited
  • Christensen Shipyards Ltd.
  • Dyna Craft Ltd.
  • Feadship
  • Ferretti S.p.a
  • FIPA Group
  • Fr. Lrssen Werft GmbH & Co. KG
  • Blohm+Voss Shipyards
  • HanseYachts AG
  • Horizon Yacht Company
  • Kingship Marine Limited
  • Oceanco
  • Overmarine Group
  • Perini Navi S.p.a
  • Princess Yachts International Plc
  • Sanlorenzo S.p.a
  • Shanghai Double Happiness Yacht Co., Ltd
  • Sunbird Yacht Co., Ltd.
  • Sunrise Yachts
  • Sunseeker International
  • Trinity Yachts
  • Yantai CIMC Raffles Shipyard Limited

Key Topics Covered: 

1. INDUSTRY OVERVIEW
Yachts: Floating Luxuries and More!
Key Trends in Yachting Industry
In a Nutshell
Yacht Industry to Benefit from the Increasing Wealth of UHNW Individuals
Yachting: A Leisure Activity for Billionaires
Increasing Disposable Incomes to Propel Yacht Sales
Developed Regions: Key Revenue Contributors
China Evolves into Fastest Growing Market for Yachts
Yachting Set to Make Substantial Gains in Developing Regions
Decoding the Yacht Customer in Developing Markets
Stable Economic Scenario to Aid Market Growth
Positive Tide in Global Ship & Boat Building Sector Generates Opportunities
Competitive Scenario
European Players Dominate the Global Yacht Market
American Companies Aim to Expand Operations
Asian Yacht Builders Emerge in the Market
M&A Activity

2. MARKET TRENDS, GROWTH DRIVERS & ISSUES
Rising Demand for Superyachts Triggers Stellar Growth
Steady Growth in Superyacht Sales
Superyachts: New Orders and Build Projects
Superyachts Continue to Get Bigger!
Toys & Accessories Enhance the Entertainment Quotient in Superyachts
Additional Thrust on Advanced Safety & Security Features
Luxury Car Brands & Aerospace Companies Foray into Superyacht Vertical
Popularity of Nautical Tourism Underpins Yacht Market Expansion
Established Image of Yacht Chartering in Luxury Vacations Fuels Growth
Yacht Owners Warm up to Chartering
Yacht Customers Largely Brand Oriented
Democratization of Luxury: A Key Influencing Factor for Luxury Yachts Market
Surging Interest in Sailing among Women Opens Up Growth Avenues
Aging Population
A Barrier to Growth?
Sailing Yachts for Luxury Yacht Charter Experience
Motor Yachts Dominate the Scenario
Solar Yachts: An Ideal Alternative to Diesel Engine-Power Yachts
Support Yachts Find Favor
Sports Yachts: The Latest Design Trend
Straight Line Yachts Find Favor
Promising Opportunities for Little Ships
Wave of Innovations & Novel Design Elements Entice New Yacht Buyers
Hybrid Propulsion Systems
Hydrofoils Technology
Nature-Inspired Designs & Colors
Innovative Eco-Friendly Features
Design Changes Influence Performance Yachts Market
Carbon Fiber: Emerging as a Preferred Material for Yachts
Composites Demand in Boat Building: On the Rise
Rising Significance of Software in Recreational Maritime Industry
Marinas Look to Address Shortage of Berths for Megayachts
Online Marketing Gradually Gains Momentum among Suppliers
US and European Yacht Brokerage Market
A Synopsis
Environmental Regulations: An Overview
MARPOL Regulation 12A
Delay in Adoption of IMO's Stringent Emissions Ballast Water Convention

3. INTRODUCTION TO YACHTS
Yachting
An Introduction
Yacht
A Definition
Yacht Ensign
Yacht Construction
Classification of Yachts
Sailing Yachts
Day Sailing Yachts
Weekender Yachts
Cruising Yachts
Luxury Sailing Yachts
Racing Yachts
Motor Yachts
Luxury Yachts
Superyacht
A Unique Industry
Yacht Chartering
Yacht Marina

4. PRODUCT INTRODUCTIONS/INNOVATIONS
Aston Martin Unveils Neptune Personal Submarine for Superyachts
Horizon Yacht to Unveil FD Series Yachts in the US
Horizon Yacht Rolls Out Horizon RP110 Yacht
Lrssen Rolls Out Aurora
Baglietto Introduces ANDIAMO
Overmarine Group Unveils Mangusta Oceano 42
Benetti Unveils Full Custom M/Y Seasense Yacht
Benetti Introduces Se77antasette
Benetti Introduces M/Y Lady Lilian
Benetti Rolls Out BF104 M/Y Lejos 3 Superyacht
Ferretti Launches Navetta 33 Superyacht
Dynamiq Unveils Porsche's GTT 115 Superyacht
CRN Unveils MY Superconero
Baltic Yachts Rolls Out Baltic 175 Pink Gin VI
Sarp Yachts New XSR Hybrid Yachts
Gulf Craft to Unveil the Majesty 122 (M/Y Ghost II) in Australia
Horizon Yachts V68 V Series Yacht
Dyna Craft Unveils D32 Yacht
Oceanco Unveils AMARA Yacht
Fipa Group Introduces Maiora 36 Superyacht
Oceanco Unveils Y715 Motoryacht
Horizon Yachts Launches Horizon E88 Skylounge Motoryacht
Horizon Yachts Launches Horizon E98 Motoryacht Model
Ferretti Group Introduces Navetta 37 Long Maxi Yacht
Ferretti Group Introduces Ferretti Yachts 850
Horizon Yachts Introduces E75 Motoryacht
Overmarine Group Unveils Mangusta Oceano 42 Yacht
Horizon Yachts Introduces E56XO Sport Yacht
Mercedes-Benz Launches Arrow460-Granturismo Luxury Motor Yacht
Bilgin Yachts Introduces Giaola-Lu Superyacht
Kleven Verft Rolls Out Superyacht in Norway
Feadship Unveils 34-Metre Motoryacht
Horizon Yachts Introduces E62 Open Bridge Motoryacht
Horizon Yachts Unveils Horizon E56XO Sport Yacht for Australian Market
Horizon Yachts Introduces Horizon FD85 Fast Displacement Motoryacht
Sunseeker to Unveil 131 Yacht
Ferretti Unveils Custom Line Navetta 28 for Asia-Pacific Markets
Ferretti Unveils Riva 76' Perseo Yacht
Horizon Yachts Introduces E88 Open Bridge Motoryacht
Horizon Yachts Unveils E88 Open Flybridge Motoryacht
Ferretti Launches Ferretti Yachts 550
Ferretti Introduces Pershing 108 Maxi Yacht
Horizon Yachts Launches E88 Skylounge Motoryacht
Sanlorenzo Launches Scorpion Charter Superyacht
Overmarine Group Launches Mangusta 132 Model
Overmarine Group Launches Second Unit of Mangusta 110 Series
Horizon Yachts Introduces Horizon V80 Cockpit Skylounge Motoryacht
Tankoa Yachts Unveils Project S693 Superyacht
Feadship Introduces Savannah Superyacht

5. RECENT INDUSTRY ACTIVITY
Sea Ray Teams Up with Simrad
Baglietto and CCN Launch New Headquarters in the US
Brunswick Relocates Headquarters
Brunswick Collaborates with TechNexus
Aurelius Equity to Acquire Majority Stake in Privilge Marine
Fenix Snaps UP Perini Navi Group
Genting Group Snaps Up Wider Yachts
Perini Navi to Shut Down Picchiotti
Azimut Benetti Snaps Up Entire Stake in Fraser Yachts
QInvest Snaps Up OneOcean Port Vell
Brunswick Acquires Lankhorst Taselaar
Brunswick to Close Joinville Facility in Brazil
Brunswick Snaps Up Assets of Payne's Marine Group
Luerssen Maritime Receives German FTC Approval for Blohm+Voss Acquisition
Baglietto Bags Contract for MV19 Yacht
Diamond Living Fund to Acquire Controlling Stake in Sunrise Yachts
Lai Sun to Invest in Camper & Nicholsons International
Palumbo Group Takes Over ISA Yachts
Kali Acquires 100% Stake in Wave Marine & Yacht Services
Ferretti Group Inks Agreement with Caucasus Yachts
Feadship to Establish New Superyacht Facility in Netherlands
Viking Yachts to Acquire Ocean Yachts
Sanlorenzo and Simpson Marine Ink Distribution Agreement

6. FOCUS ON SELECT PLAYERS

7. GLOBAL MARKET PERSPECTIVE

Total Companies Profiled: 214 (including Divisions/Subsidiaries 217)

  • The United States (34)
  • Canada (3)
  • Japan (1)
  • Europe (131)
    • France (14)
    • Germany (10)
    • The United Kingdom (7)
    • Italy (36)
    • Spain (4)
    • Rest of Europe (60)
  • Asia-Pacific (Excluding Japan) (36)
  • Middle East (5)
  • Latin America (5)
  • Africa (2)

For more information about this report visit https://www.researchandmarkets.com/research/p5gxft/global_yacht?w=5

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Research and Markets
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Cision View original content:http://www.prnewswire.com/news-releases/global-yacht-industry-strategic-market-report-2018-luxury-car-brands--aerospace-companies-foray-into-superyacht-vertical-300672437.html

SOURCE Research and Markets

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SUMMIT, N.J., June 26, 2018 /PRNewswire/ -- Nautilus Solar Energy LLC, a leading national solar acquisition, development, and asset management company, today announced the ribbon cutting for a portfolio of 13.3 MW of community solar projects in Minnesota. The solar projects are part of Xcel Energy's Solar*Rewards Community Program and are 100% subscribed by a diverse set of regional customers including five municipalities, two leading research/medical facilities and a local university.

The two community-based solar gardens, located in Rice and Le Sueur Counties, consist of fixed-tilt, ground mount applications. Construction began on both gardens in Q4 2017 and reached commercial operation during Q1 2018. The gardens were acquired by Nautilus from Renesola Ltd. in 2017.  A local Roseville, MN based solar engineering and construction firm, IPS Solar, provided the installation services for the gardens.

"This community solar milestone extends Nautilus's vision towards extending a sustainable future for those customers that aren't able to have large scale solar facilities directly on-premise," said Jim Rice, CEO of Nautilus Solar Energy, LLC. "We're very pleased that our teams completed the acquisition and construction of these projects in a timely manner and are especially appreciative of the hard work that our local permitting, engineering, and installation partners provided to ensure the overall success of these developments," added Jeffrey Cheng, COO of Nautilus Solar Energy, LLC.

About Nautilus Solar Energy, LLC
Founded in 2006, Nautilus Solar Energy, LLC headquartered in Summit, N.J., is a leading national solar acquisition, development and asset management company. Nautilus focuses on acquiring, developing, executing and managing distributed and utility-scale generation solar projects throughout North America. Over its 10-year history, Nautilus has invested over $1 billion in solar projects located throughout the United States and Canada. Nautilus is minority owned by Virgo Investment Group, LLC. Join Nautilus on LinkedIn and Twitter and visit www.nautilussolar.com for more information.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/nautilus-solar-energy-announces-ribbon-cutting-for-a-13-3mw-community-solar-project-in-minnesota-300672407.html

SOURCE Nautilus Solar Energy, LLC

Related Links

www.nautilussolar.com

Read more: Nautilus Solar Energy Announces Ribbon Cutting...

--(BUSINESS WIRE)--Alta Devices:

What

       

In several presentations this week, Alta Devices will explain how battery-powered devices and remote sensors can be truly autonomous. Sensors are critical to the successful operation and safety of autonomous devices, machines and vehicles. In conjunction with the addition of more sensors, power needs also increase. The best way to power these sensors and remain autonomous is via solar power.

Alta Devices AnyLight™ solar technology is ideal for these applications as it leads the industry in power density and performs well in low light conditions. Even a small amount of this technology can capture enough light energy to recharge and extend batteries whether indoors or outside. Alta Devices thin, flexible solar cells can be seamlessly added to devices and machines without impacting form or weight.

 

 

When and
Where

Sensors Expo & Conference, June 26 - 28, 2018
McEnery Convention Center, San Jose, CA
Alta Devices Booth #840


Energy Harvesting with Thin-Film GaAs Solar Cells
Wednesday June 27th, 2018 -- 3:30PM – 4:20 PM -- Executive Ballroom B

Alta Devices Technical Marketing Engineer, Ian Murray will discuss how the Internet of Things (IoT) is poised to be everywhere but replacing necessary batteries can be costly. Energy harvesting of solar power allows IoT devices to be powered longer between maintenance cycles or even indefinitely without battery replacement.

 

Achieving Truly Autonomous Sensors Via Solar Cells
Thursday June 28th, 2018 -- 10:15AM - 10:45 AM -- Sensors Live Theatre

Alta Devices Marketing Director, Tanya Wilkins will discuss how solar power can enable industrial sensors to be truly autonomous. As the growth of autonomous vehicles and machines accelerates, both sensors and power needs will increase.

 
Why

True autonomy means that industrial sensors do not need to be plugged in to perform their functions or to have sufficient power. Currently the endurance of battery-powered equipment is limited. Battery replacement is awkward, expensive, inconvenient, and recharging takes time. Moreover, battery disposal has a negative impact on the environment. However, solar technology, such as Alta Devices AnyLight™ power technology, provides the ability to capture enough solar power to keep batteries charged on an ongoing basis without compromising design requirements. This creates a new possibility: battery powered equipment that is truly autonomous and can work for extended periods, without the economic or environmental cost and complexity of battery replacement. A broad range of applications are enabled: networks of IoT sensors that continuously capture data; operations in remote or hard-to-access locations; and equipment with new capabilities that are powered by light alone.

 

About Alta Devices: Alta Devices is empowering autonomy by delivering the world’s most efficient, thin and flexible mobile power technology. By converting light of any kind into electricity, Alta Devices AnyLight™ power technology extends the energy source of a system, and in many cases, completely cuts the traditional power cord. The solution can be completely integrated into the final system, and is ideal for use in unmanned systems, satellites, consumer electronics, sensors, automotive, remote exploration, or anywhere size, weight, and mobility matter. Alta Devices holds world records for energy conversion efficiency and is headquartered in Sunnyvale, CA. For more information, visit http://www.altadevices.com. Alta Devices is a Hanergy company.

All trademarks and registered trademarks are those of their respective companies.

Read more: MEDIA ALERT: Alta Devices Shares Vision of True...

PEKING, 26. června 2018 /PRNewswire/ -- Společnost JA Solar Holdings Co., Ltd. (Nasdaq: JASO), jeden z největších světových výrobců vysoce výkonných solárních článků, dnes oznámila, že získala ocenění „Top Brand PV Seal 2018" od agentury EuPD Research v Austrálii.

Agentura EuPD Research je ve fotovoltaickém průmyslu velmi uznávaná. Na základě rozsáhlých průzkumů mezi společnostmi zabývajícími se fotovoltaickými instalacemi a koncovými uživateli v Austrálii uděluje agentura EuPD Research ocenění vynikajícím společnostem, kterým se dobře daří ve všech ohledech. Výsledky průzkumu mají silnou referenční hodnotu pro zákazníky, kteří vybírají vysoce kvalitní solární produkty. Od doby, kdy společnost JA Solar vstoupila na australský trh v roce 2013, získala řadu ocenění a příznivou zpětnou vazbu o svých vysoce výkonných produktech a vynikajícím zákaznickém servisu. Dodávky společnosti JA Solar se vždy umisťovaly na předních místech. V roce 2017 společnost JA Solar vlastnila na solárním trhu v Austrálii 15,3% podíl.

Vysoce výkonné produkty PERC společnosti JA Solar, držitele patentu na technologii PERC, jsou na australském trhu dobře přijímány, zejména oboustranné moduly s dvojitým sklem a poločlánkové moduly PERC. Po mnoha letech úsilí vytvořila společnost JA Solar dlouhodobé vztahy s mnoha známými společnostmi v Austrálii.

Pan Cao Bo, viceprezident společnosti JA Solar, uvedl: „Společnost JA Solar založila v Austrálii pobočku v roce 2013. Zavedli jsme také místní prodejní a podpůrnou platformu, která zákazníkům poskytuje včasné, vysoce kvalitní a lokalizované služby. Při další expanzi na australském trhu bude společnost JA Solar pokračovat v modernizaci technologií a zlepšování servisních řešení, která umožní poskytovat jejím zákazníkům vysoce spolehlivé solární moduly a vynikající služby."

Dotazy z médií:

Xiaorui Sun 
+86-10-6361-1888 x1698 
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE JA Solar Holdings Co., Ltd.

Read more: Společnost JA Solar obdržela od agentury EUPD...

SAN FRANCISCO, June 26, 2018 /PRNewswire/ -- CleanFund, the leading nationwide direct provider of Commercial Property Assessed Clean Energy (C-PACE) financing, announced today they will unveil their new SolarPACE Partner Program as well as a host of new tools, resources and partnerships designed to foster growth in the commercial solar industry. CleanFund is exhibiting July 10-12 at Intersolar where visitors can meet with a SolarPACE expert to learn about the new financing programs and resources. 

SolarPACE Financing
CleanFund's SolarPACE, the most flexible and appealing financing platform for commercial solar and solar plus storage projects, enables property and business owners to save significant amounts of money, regardless of their ability to utilize all available solar tax benefits. SolarPACE can be used to finance projects with either a direct-ownership structure or a PACE Power Purchase Agreement. As SolarPACE financing is assessed on the property, if and when a property is sold, the financing can transfer automatically to the new property owner without the cumbersome restrictions related to typical bank financing or PPA agreements.

SolarPACE Partner Program
At Intersolar, CleanFund will launch the SolarPACE Partner Program to provide additional levels of support for commercial project developers. The program is designed to equip CleanFund's solar partners with tools and resources to quote, present and manage SolarPACE projects, enabling partners to offer more appealing financing options to their clients and close more sales. These resources include financing proposals and content that can be shared directly with property owners, as well as the CleanFund SolarPACE sales kit and training materials that make it easy to communicate the value of C-PACE financing. The Partner Program will also introduce attractive incentive offerings for deal flow generation.

CleanQuote
SolarPACE Partners will also have access to CleanQuote, an online platform that allows partners and direct owners to get indicative pricing and complete financing applications. CleanQuote is a fast and easy tool for indicative pricing, but if solar developers want to dive deeper into project economics, they can request a download of CleanFund's SolarPACE Calculator.

Value-Add Partnerships
CleanFund has fostered a number of upstream partnerships that provide valuable benefits to both commercial solar project developers and end customers. CleanFund is now partnering with SunPower to offer SolarPACE to SunPower's nationwide Dealer Network. SunPower Dealers will have easy access to CleanFund's appealing financing, along with direct sales and project support. To streamline quoting and project design across platforms, CleanFund also recently announced an integration option for Energy Toolbase platform users. These new partnerships, along with previously announced arrangements with Jinko Solar and Soligent, demonstrates CleanFund's commitment to driving growth in the C&I solar industry.

Cision View original content:http://www.prnewswire.com/news-releases/cleanfund-launches-solarpace-partner-program-at-intersolar-2018-and-announces-new-value-add-tools-and-partnerships-designed-to-enable-easy-and-affordable-commercial-solar-and-solar-plus-storage-financing-300672410.html

SOURCE CleanFund Commercial PACE Capital, Inc.

Read more: CleanFund Launches SolarPACE™ Partner Program at...

BEIJING, 26 juin 2018 /PRNewswire/ -- Aujourd'hui, JA Solar Holdings Co., Ltd. (Nasdaq : JASO), un grand fabricant mondial de produits d'énergie solaire haute performance, a annoncé qu'elle avait obtenu le label « Top Brand PV Seal 2018 » d'EuPD Research en Australie.

EuPD Research est très reconnu dans le secteur du photovoltaïque. Sur la base d'enquêtes complètes auprès des entreprises d'installation photovoltaïque et d'utilisateurs finaux en Australie, EuPD Research récompense les entreprises qui obtiennent des résultats excellents dans tous les domaines. Les résultats des enquêtes constituent un solide point de référence pour les clients qui souhaitent sélectionner des produits photovoltaïques de haute qualité. Depuis que JA Solar a fait son entrée sur le marché australien en 2013, elle a obtenu de nombreuses récompenses et des commentaires favorables pour ses produits haute performance et l'excellence de son service à la clientèle. Les livraisons de JA Solar ont été toujours été en haut des classements. En 2017, JA Solar détenait 15,3 % du marché PV en Australie.

Titulaire d'un brevet PERC, JA Solar et ses produits PERC haute performance sont bien accueillis sur le marché australien, en particulier ses modules bifaces à double verre et ses modules PERC à demi-cellule. Après des années d'efforts, JA Solar a instauré une coopération à long terme avec de nombreuses entreprises bien connues en Australie.

Pour M. Cao Bo, vice-président de JA Solar : « JA Solar a ouvert un bureau en Australie en 2013. Nous avons également un bureau commercial local et une plateforme d'assistance afin d'offrir aux clients des services rapides, de haute qualité et localisés. Avec la poursuite de l'expansion du marché australien, JA Solar continuera de moderniser ses technologies et de renforcer ses solutions de service, offrant ainsi à ses clients des modules solaires ultra-fiables et un service de tout premier rang. »

Demandes d'informations médias :

Xiaorui Sun
+86-10-6361-1888 x1698
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE JA Solar Holdings Co., Ltd.

Read more: JA Solar obtient le label « Top Brand PV »...

DUBLIN, June 25, 2018 /PRNewswire/ --

The "Electric Vehicle Market by Propulsion (BEV, PHEV, FCEV), Vehicle, Charging Station (Normal, Super, Inductive), Charging Infrastructure (Normal, Type-2-AC, CHAdeMO, CCS, Tesla SC), Power Output, Installation & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.

The global electric vehicle sales is projected to grow at a CAGR of 32.57% during the forecast period, to reach 10.79 million units by 2025, from an estimated 1.50 million units in 2018.

Government support in the form of subsidies, grants, and tax rebates, improving charging infrastructure, increasing vehicle range, and reducing Electric Vehicle battery cost has resulted in the sales growth of electric vehicles globally.

The FCEV segment (zero-emission vehicles) is set to register the highest growth rate in the EV market followed by BEVs and PHEVs, because of the availability of better subsidies and support from governments. Increasing vehicle range and improving charging infrastructure have fueled the demand for BEVs. Nissan Leaf and Tesla Model S were the most successful and highest selling BEV models in 2016.

The growth of BEV sales is projected to continue during the forecast period because of decreasing battery prices, increasing environmental awareness among consumers, and decreasing charging time. It has been projected that the invention of super-fast chargers would enable EV to be fully charged in less than an hour.

An electric passenger car is the largest segment in the global electric vehicle market. The growth can be attributed to the growing demand for fuel-efficient vehicles, increasing environmental awareness among consumers, and competitive pricing in comparison to the ICE passenger cars. The increasing support from governments in China, Japan France, Norway, and the US, and the OEM's efforts to improve the existing EV models would drive the sales of electric vehicle passenger cars during the forecast period. Major OEMs have also announced the launch of the EV variants of their most successful IC (internal combustion) engine models.

Asia Pacific is the largest market for automotive EVs. China is the largest market because of the government support and the availability of strong charging infrastructure. The alarming pollution levels in these countries have forced their governments to announce various kinds of financial and nonfinancial benefits to promote the sales of EVs.

The major restraints considered in the study include the poor charging infrastructure, limited vehicle range, and the short lifespan of the EV battery, which restricts the sales of electric vehicles.

Government support is considered to be the most crucial factor affecting the EV sales as the availability of subsidies, grants, and tax rebates help in pricing EV cars competitively as compared to ICE cars.

The global electric vehicle market is dominated by major players such as Tesla (US), Nissan Motor Corporation (Japan), BYD (China), BMW (Germany), and Volkswagen (Germany).

Key Topics Covered:

1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Market Scope
1.4 Currency
1.5 Limitations
1.6 Stakeholders

2 Research Methodology
2.1 Research Data
2.2 Secondary Data
2.3 Primary Data
2.4 Market Size Estimation
2.5 Market Breakdown and Data Triangulation
2.6 Assumptions

3 Executive Summary

4 Premium Insights
4.1 Attractive Opportunities in the Electric Vehicle Market
4.2 Electric Vehicle Market, By Region
4.3 Electric Vehicle Market, By Propulsion Type
4.4 Electric Vehicle Market, By Vehicle Type
4.5 Electric Vehicle Charging Stations Market, By Charging Station Type
4.6 Electric Vehicle Charging Stations Market, By Power Output Type
4.7 Electric Vehicle Charging Stations Market, By Installation Type
4.8 Electric Vehicle Charging Stations Market, By Charging Infrastructure Type

5 Market Overview
5.1 Introduction
5.2 Upcoming Electric Vehicle Models
5.3 Europe Passenger Car Market Share Analysis
5.3.1 BEV
5.3.2 PHEV
5.4 EV Model Wise Sales Analysis 2017
5.4.1 Norway
5.4.1.1 BEV
5.4.1.2 PHEV
5.4.2 Iceland
5.4.2.1 BEV
5.4.2.2 PHEV
5.4.3 Sweden
5.4.3.1 BEV
5.4.3.2 PHEV
5.4.4 Finland
5.4.4.1 BEV
5.4.4.2 PHEV
5.4.5 Netherlands
5.4.5.1 BEV
5.4.5.2 PHEV
5.5 Market Dynamics
5.5.1 Drivers
5.5.1.1 Favorable Government Policies and Subsidies
5.5.1.2 Heavy Investments From Automakers in EVs
5.5.1.3 Growing Concern About Environmental Pollution
5.5.1.4 Increased Vehicle Range Per Charge
5.5.2 Restraints
5.5.2.1 Lack of Standardization
5.5.3 Opportunities
5.5.3.1 Use of Vehicle-To-Grid (V2G) EV Charging Stations for Electric Vehicles
5.5.3.2 EV Charging Stations Powered By Solar Panels
5.5.4 Challenges
5.5.4.1 High Cost of EVs in Comparison With Ice Vehicles
5.5.4.2 Stringent Rules for Installation of Charging Stations
5.5.4.3 Small Distance Covered By EVs

6 Electric Vehicle Market, By Government Regulations

7 Electric Vehicle Market - Industry Trends
7.1 Electric Taxi
7.2 Robo-Taxi
7.3 Light Electric Vehicle
7.4 Battery Swapping
7.5 Electric Autonomous Vehicles

8 Electric Vehicle Market, By Future Technology
9.1 Introduction
9.2 Electric Vehicle Battery Cost, 2016-2025
9.3 Electric Vehicle Range
9.4 Electric Vehicle Battery Charging Time

10 Electric Vehicle Market, By Component
10.1 Introduction
10.2 EV Battery Cells & Packs
10.3 On-Board Charger
10.4 Infotainment System
10.5 Instrument Cluster

11 Electric Vehicle Market, By Propulsion Type
11.1 Introduction
11.2 Battery Electric Vehicle (BEV)
11.3 Fuel Cell Electric Vehicle (FCEV)
11.4 Plug-In Hybrid Electric Vehicle (PHEV)
11.5 Hybrid Electric Vehicle (HEV)

12 Electric Vehicle Market, By Vehicle-To-Grid Technology
12.1 Introduction

13 Electric Vehicle Market, By Vehicle Type
13.1 Introduction
13.2 Passenger Cars (PC)
13.3 Commercial Vehicles (CV)

14 Electric Vehicle Charging Stations Market, By Charging Station Type
14.1 Introduction
14.2 Normal Charging
14.3 Super Charging
14.4 Inductive Charging (Wireless Charging)

15 Electric Vehicle Charging Stations Market, By Charging Infrastructure Type
15.1 Introduction
15.2 Normal Charge
15.3 CCS
15.4 Chademo
15.5 Tesla Supercharger
15.6 Type-2 (Iec 62196)

16 Electric Vehicle Charging Stations Market, By Power Output Type
16.1 Introduction
16.2 Level 1
16.3 Level 2
16.4 Level 3

17 Electric Vehicle Charging Stations Market, By Installation Type
17.1 Introduction
17.2 Commercial
17.3 Residential

18 Electric Vehicle Market, By Region

19 Competitive Landscape
19.1 Overview
19.2 Competitive Situation & Trends
19.2.1 New Product Developments
19.2.2 Collaborations/Joint Ventures/Supply Contracts/Partnerships/Agreements
19.2.3 Expansions, 2016-2018
19.2.4 Mergers & Acquisitions, 2017

20 Company Profiles

  • ABB
  • AVL
  • Alfen
  • Automotive Energy Supply Corporation
  • BMW
  • BYD Auto
  • Blink Charging
  • Chargepoint
  • Continental
  • Daimler
  • Eaton
  • Evgo
  • Ford
  • General Motors
  • Honda
  • Hyundai
  • Mitsubishi Electric
  • Nissan Motor
  • Panasonic
  • Samsung Sdi
  • Schaeffler
  • Tesla
  • Toyota
  • Volkswagen
  • Volvo
  • ZF

For more information about this report visit https://www.researchandmarkets.com/research/dxnmb2/electric_vehicle?w=5

Media Contact:

Laura Wood, Senior Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.  

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
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Fax (outside U.S.): +353-1-481-1716

Cision View original content:http://www.prnewswire.com/news-releases/electric-vehicle-market---global-forecast-to-2025-market-is-dominated-by-tesla-nissan-byd-bmw-and-volkswagen-300671659.html

SOURCE Research and Markets

Related Links

http://www.researchandmarkets.com

Read more: Electric Vehicle Market - Global Forecast to...

HAMPTON, Va., June 26, 2018 /PRNewswire-USNewswire/ -- Engineers will test several components of the Commercial Infrastructure for Robotic Assembly and Services (CIRAS) project at NASA's Langley Research Center in Hampton, Virginia that may one day be used to build large space structures.

News media are invited to the Structures and Materials Test Laboratory from 10 a.m. to 12 p.m. EDT Thursday, June 28 to witness the Tension Actuated in Space MANipulator (TALISMAN) robotic arm demonstrate deployment of a solar array and the Strut Assembly, Manufacturing, Utility & Robotic Aid (SAMURAI) and NASA Intelligent Jigging and Assembly Robot (NINJAR) demonstrate autonomous truss building. Subject matter experts, including Chuck Taylor, CIRAS project manager for NASA, John Dorsey, NASA principal investigator for CIRAS, and Frank DeMauro, Northrop Grumman vice president of advanced programs, will be available for interviews.

TALISMAN, SAMURAI, and NINJAR are components of CIRAS, part of the In-Space Robotic Manufacturing and Assembly project portfolio, managed by NASA's Technology Demonstration Missions Program and sponsored by NASA's Space Technology Mission Directorate.

These are the final demonstrations in the first phase of the project. The project, aimed at advancing technologies to be able to autonomously construct large platforms in space, is being conducted in collaboration with industry partners. The CIRAS team includes prime contractor Northrop Grumman of Falls Church, Virginia, supported by its wholly-owned subsidiary, Space Logistics, LLC; along with Langley; NASA's Glenn Research Center in Cleveland, Ohio; NASA's Goddard Space Flight Center in Greenbelt, Maryland; and the U.S. Naval Research Laboratory in Washington, D.C.

To learn more about NASA's Space Technology Mission Directorate, visit:

https://www.nasa.gov/spacetech

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/nasa-puts-in-space-assembly-robots-to-the-test-300672350.html

SOURCE NASA

Related Links

http://www.nasa.gov

Read more: NASA Puts In-Space Assembly Robots to the Test

SHANGHAI, June 26, 2018 /PRNewswire/ -- JinkoSolar Holding Co., Ltd. ("JinkoSolar" or the "Company") (NYSE: JKS), a global leader in the solar PV industry, today announced its unaudited financial results for the first quarter ended March 31, 2018.

First Quarter 2018 Highlights

  • Total solar module shipments were 2,015 megawatts ("MW") (including 209 MW to be used in the Company's overseas downstream solar projects for which no revenue has been recognized), a decrease of 18.8% from 2,481 MW in the fourth quarter of 2017 and a decrease of 2.6% from 2,068 MW in the first quarter of 2017.
  • Total revenues were RMB4.57 billion (US$728.1 million), a decrease of 28.1% from the fourth quarter of 2017 and a decrease of 20.9% from the first quarter of 2017.
  • Gross margin was 14.4%, compared with 11.6% in the fourth quarter of 2017 and 11.2% in the first quarter of 2017.
  • Income from operations was RMB125.0 million (US$19.9 million), compared with RMB91.3 million in the fourth quarter of 2017 and RMB56.8 million in the first quarter of 2017.
  • Net income attributable to the Company's ordinary shareholders was RMB3.6 million (US$0.6 million) in the first quarter of 2018, compared with RMB22.5 million in the fourth quarter of 2017 and RMB60.6 million in the first quarter of 2017.
  • Diluted earnings per American depositary share ("ADS") were RMB0.096 (US$0.016).
  • Non-GAAP net income attributable to the Company's ordinary shareholders in the first quarter of 2018 was RMB11.0 million (US$1.7 million), compared with RMB41.5 million in the fourth quarter of 2017 and RMB80.0 million in the first quarter of 2017.
  • Non-GAAP basic and diluted earnings per ADS were RMB0.300 (US$0.048) and RMB0.296 (US$0.048) in the first quarter of 2018, compared with RMB1.272 and RMB1.232 in the fourth quarter of 2017 and RMB2.536 and RMB2.508 in the first quarter of 2017.

Mr. Kangping Chen, JinkoSolar's Chief Executive Officer commented, "We shipped 2,015MW of solar modules during the quarter and generated total revenues of $728.1 million. Our gross margin increased to 14.4%, compared with 11.6% last quarter as we benefit from the drop in polysilicon prices and the further optimization of our manufacturing costs as a result of continued technological improvement and reduced OEM usage."

"The new policies regulating the solar industry jointly issued by three Chinese ministries on May 31, affected market sentiment and our ASPs. These new policies are aimed at increasing the pace of achieving grid parity, accelerating the removal of outdated capacity and releasing the pressure of new energy fund deficits. As a result, we expect to see a decline in prices across our industrial supply chain which will allow us to further cut both silicon and non-silicon costs during the second half of the year to offset the decline in the ASPs. Despite the strong initial reaction to the new policies, we remain optimistic about the demand of the Chinese market for the full year 2018, which is expected to hit 35G+. Looking into 2019, aside from the Top Runner Program, poverty alleviation and DG projects, we expect to see a large number of grid parity projects under new business models appear in the second of half of 2019."

"We already have great visibility for the full year 2018 with over 80% of our order book already filled, which is mostly made up of overseas orders with fixed prices throughout the year, and we have already received a number of prepayments. Our production capacity is fully utilized now and is expected to remain so during the second half of the year. We believe the Chinese government's new policies to have relatively limited impact on our operations over the short term, and we remain confident in our future business prospects and the long-term growth of the industry overall."

"Overseas orders will account for about 80% of our overall shipments for the entire year demonstrating our expanding global footprint and the success we have seen in reducing our reliance on any single market. Solar is becoming more and more competitive worldwide. We saw resurgent demand in Southern European markets such as Spain, Portugal and Italy, driven by grid-parity business model, as well as booming demand in new emerging markets such as Latin American, the Middle East and North Africa. We expect to see demand in India rebound strongly as module price goes down." 

"While the policy changes in China have created a challenging domestic market environment, our extensive global sales network and geographically dispersed manufacturing facilities allow us remain flexible and be prepared to rapidly adapt to any future policy changes. We are fully prepared for the market consolidation and the new era of grid parity. We will continue to take advantages of our brand, technology, and global infrastructure to expand our market share and further consolidate our leading position in the industry.

First Quarter 2018 Financial Results

Total Revenues

Total revenues in the first quarter of 2018 were RMB4.57 billion (US$728.1 million), a decrease of 28.1% from RMB6.35 billion in the fourth quarter of 2017 and a decrease of 20.9% from RMB5.78 billion in the first quarter of 2017. The sequential decrease was mainly attributable to a decrease in the shipment of solar modules in the first quarter of 2018. The year-over-year decrease was mainly attributable to a decrease in solar module shipments and a decline in the average selling price of solar modules in 2018.

Adoption of New Revenue Standard:

On January 1, 2018, the Company adopted new revenue guidance ASC Topic 606, "Revenue from Contracts with Customers", and applied the modified retrospective method to contracts which were not completed as of January 1, 2018.

No cumulative catch up adjustment of initially applying this standard was recognized at the date of initial application on January 1, 2018.

Adoption of the new standards related to revenue recognition had no impact on the Company's reported results for the current period.

Gross Profit and Gross Margin

Gross profit in the first quarter of 2018 was RMB656.1 million (US$104.6 million), compared with RMB735.3 million in the fourth quarter of 2017 and RMB649.0 million in the first quarter of 2017. The sequential decrease was mainly attributable to a decrease in the shipment of solar modules in the first quarter of 2018. The year-over-year increase was mainly attributable to decreasing solar module cost, which was partially offset by a decrease in solar module shipments in 2018.

Gross margin was 14.4% in the first quarter of 2018, compared with 11.6% in the fourth quarter of 2017 and 11.2% in the first quarter of 2017. The sequential and year-over-year increases were mainly attributable to a decrease in silicon cost in the first quarter of 2018, which was partially offset by a decline in the average selling price of solar modules in the first quarter of 2018.

Income from Operations and Operating Margin

Income from operations in the first quarter of 2018 was RMB125.0 million (US$19.9 million), compared with RMB91.3 million in the fourth quarter of 2017 and RMB56.8 million in the first quarter of 2017. Operating margin in the first quarter of 2018 was 2.7%, compared with 1.4% in the fourth quarter of 2017 and 1.0% in the first quarter of 2017.

Total operating expenses in the first quarter of 2018 were RMB531.1 million (US$84.7 million), a decrease of 17.5% from RMB644.0 million in the fourth quarter of 2017 and a decrease of 10.3% from RMB592.2 million in the first quarter of 2017. The sequential decease was mainly due to a decrease in shipping cost as a result of decreased solar module shipments, and a decrease of bad debt expenses attributable to the reversal of allowance for doubtful accounts upon subsequent collections. The year-over-year decrease was primarily due to a decrease in shipping costs.

Total operating expenses accounted for 11.6% of total revenues in the first quarter of 2018, compared to 10.1% in the fourth quarter of 2017 and 10.3% in the first quarter of 2017.

Interest Expense, Net

Net interest expense in the first quarter of 2018 was RMB85.4 million (US$13.6 million), an increase of 53.8% from RMB55.6 million in the fourth quarter of 2017 and an increase of 49.5% from RMB57.1 million in the first quarter of 2017. The sequential and year-over-year increases were due to interest expense associated with discounted notes receivable and an increase in borrowings.

Exchange Gain / (Loss), Net

The Company recorded a net exchange loss (including change in fair value of forward contracts) of RMB90.8 million (US$14.5 million) in the first quarter of 2018, compared to a net exchange loss of RMB33.9 million in the fourth quarter of 2017 and a net exchange loss of RMB5.2 million in the first quarter of 2017. The sequential and year-over-year losses were primarily due to the continued depreciation of the US dollar against the RMB during the quarter.

Income Tax Expense / (Benefit), Net

The Company recorded an income tax benefit of RMB3.3 million (US$0.5 million) in the first quarter of 2018, compared with an income tax expense of RMB31.1 million in the fourth quarter of 2017 and an income tax expense of RMB1.5 million in the first quarter of 2017. The sequential and year-over-year change was due to one of the Company's PRC subsidiaries receiving a tax deduction certificate in the first quarter of 2018, entitling the subsidiary to income tax deductions for 2017 and 2018.

The Company recorded an out-of-period adjustment of RMB4.6 million (US$0.7 million) in the first quarter of 2018 resulting from income tax benefits for one of its PRC entities, which should have been recorded in 2017. Neither the originating amount in 2017 nor the out-of-period adjustment amount recorded in 2018 was material to the Company's consolidated financial statements for the respective periods.

Net Income and Earnings per Share

Net income attributable to the Company's ordinary shareholders was RMB3.6 million (US$0.6 million) in the first quarter of 2018, compared with RMB22.5 million in the fourth quarter of 2017 and RMB60.6 million in the first quarter of 2017.

Basic and diluted earnings per ordinary share were RMB0.025 (US$0.004) and RMB0.024 (US$0.004), respectively during the first quarter of 2018. This translates into basic and diluted earnings per ADS of RMB0.100 (US$0.016) and RMB0.096 (US$0.016), respectively.

Non-GAAP net income in the first quarter of 2018 was RMB11.0 million (US$1.7 million), compared with RMB41.5 million in the fourth quarter of 2017 and RMB80.0 million in the first quarter of 2017.

Non-GAAP basic and diluted earnings per ordinary share were RMB0.075 (US$0.012) and RMB0.074 (US$0.012), respectively during the first quarter of 2018. This translates into non-GAAP basic and diluted earnings per ADS of RMB0.300 (US$0.048) and RMB0.296 (US$0.048), respectively.

Financial Position

As of March 31, 2018, the Company had RMB2.86 billion (US$456.6 million) in cash and cash equivalents and restricted cash, compared with RMB2.76 billion as of December 31, 2017.

As of March 31, 2018, the Company's accounts receivables due from third parties were RMB4.18 billion (US$667.0 million), compared with RMB4.50 billion as of December 31, 2017.

As of March 31, 2018, the Company's inventories were RMB4.71 billion (US$750.2 million), compared with RMB4.27 billion as of December 31, 2017.

As of March 31, 2018, the Company's total interest-bearing debts were RMB8.38 billion (US$1.34 billion), compared with RMB7.43 billion as of December 31, 2017.

First Quarter 2018 Operational Highlights

Solar Module Shipments

Total solar module shipments in the first quarter of 2018 were 2,015 MW, including 209 MW to be used in the Company's overseas downstream solar projects.

Solar Products Production Capacity

As of March 31, 2018, the Company's in-house annual silicon wafer, solar cell and solar module production capacity was 9.0 GW, 5.0 GW and 9.0 GW, respectively.

Recent Business Developments

  • In March 2018, JinkoSolar and NextEra Energy announced a supply deal for millions of solar panels and that JinkoSolar will be opening its first U.S. factory in Jacksonville, Florida.
  • In April 2018, JinkoSolar announced that it was named Energy Yield Simulation Winner - Polycrystalline Group at the 4th All Quality Matters Solar Congress hosted by TÜV Rhineland in Wuxi, China.
  • In April 2018, JinkoSolar announced that it supplied solar modules for America's largest solar PV plant in Mexico.
  • In April 2018, JinkoSolar announced that it signed a renewed credit agreement with HSBC (China) Co., Ltd. to increase its credit limit to $47 million from $25 million.
  • In May 2018, JinkoSolar announced that its P-type monocrystalline cell broke the world record again with efficiency hitting 23.95% during certification testing done by the Photovoltaic and Wind Power Systems Quality Test Center at the Chinese Academy of Sciences (CAS).
  • In May 2018, JinkoSolar announced that the 60P version of its P-type PV module peak power broke the world record again with power exceeding 370w and the N-type PV module peak power reaching 378.6w. Both records were certified by the TUV Rheinland (Shanghai) Co., Ltd.
  • In May 2018, JinkoSolar announced that its entire portfolio of PV modules has passed the Potential Induced Degradation ("PID") resistance test under the conditions of 85 Degrees Celsius/85% relative humidity ("double 85") as required by TÜV Nord's IEC TS 62804-1 standards.

Operations and Business Outlook

Second Quarter and Full Year 2018 Guidance

For the second quarter of 2018, the Company estimates total solar module shipments to be in the range of 2.4 GW to 2.5 GW.

For the full year 2018, the Company estimates total solar module shipments to be in the range of 11.5 GW to 12 GW.

Conference Call Information

JinkoSolar's management will host an earnings conference call on Tuesday, June 26, 2018 at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing / Hong Kong the same day).

Dial-in details for the earnings conference call are as follows:

Hong Kong / International:

+852 3027 6500


U.S. Toll Free:

+1 855-824-5644


Passcode:

69300204#





Please dial in 10 minutes before the call is scheduled to begin and provide the passcode to join the call.

A telephone replay of the call will be available 2 hours after the conclusion of the conference call through 23:59 U.S. Eastern Time, July 3, 2018. The dial-in details for the replay are as follows:

International:

+61 2 8325 2405


U.S.:

+1 646 982 0473


Passcode:

319292198#





Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of JinkoSolar's website at www.jinkosolar.com.

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is a global leader in the solar industry. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 9.0 GW for silicon wafers, 5.0 GW for solar cells, and 9.0 GW for solar modules, as of March 31, 2018.

JinkoSolar has over 12,000 employees across its 8 productions facilities globally, 16 oversea subsidiaries in Japan (2), Singapore, India, Turkey, Germany, Italy, Switzerland, United States, Canada, Mexico, Brazil, Chile, Australia, South Africa and United Arab Emirates, and global sales offices in China, Hong Kong, Japan, India, Turkey, Germany, Switzerland, United States, Brazil, Chile, Australia, South Africa and United Arab Emirates.

To find out more, please see: www.jinkosolar.com

Use of Non-GAAP Financial Measures

To supplement its consolidated financial results presented in accordance with United States Generally Accepted Accounting Principles ("GAAP"), JinkoSolar uses certain non-GAAP financial measures including, non-GAAP net income, non-GAAP earnings per Share, and non-GAAP earnings per ADS, which are adjusted from the comparable GAAP results to exclude certain expenses or incremental ordinary shares relating to share-based compensation, convertible senior notes and capped call options:

  • Non-GAAP net income is adjusted to exclude the expenses relating to interest expenses of convertible senior notes, exchange gain on the convertible senior notes, and stock-based compensation; given these Non-GAAP net income adjustments above are either related to the Company or its subsidiaries incorporated in Cayman Islands, which are not subject to tax exposures, or related to those subsidiaries with tax loss positions which result in no tax impacts, therefore no tax adjustment is needed in conjunction with these Non-GAAP net income adjustments; and
  • Non-GAAP earnings per Share and non-GAAP earnings per ADS are adjusted to exclude interest expenses of convertible senior notes and exchange gain on the convertible senior notes, and stock-based compensation.

The Company believes that the use of non-GAAP information is useful for analysts and investors to evaluate JinkoSolar's current and future performances based on a more meaningful comparison of net income and diluted net income per ADS when compared with its peers and historical results from prior periods. These measures are not intended to represent or substitute numbers as measured under GAAP. The submission of non-GAAP numbers is voluntary and should be reviewed together with GAAP results.

Currency Convenience Translation

The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the readers, is based on the noon buying rate in the city of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of March 30, 2018, which was RMB6.2726 to US$1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized, or settled into U.S. dollars at that rate or any other rate. The percentages stated in this press release are calculated based on Renminbi.

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends, "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and the Company's operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar's filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

In China:
Sebastian Liu
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5183-3056
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Christian Arnell
Christensen
Tel: +86-10-5900-2940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

In the U.S.:
Ms. Linda Bergkamp
Christensen
Tel: +1-480-614-3004
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

JINKOSOLAR HOLDING CO., LTD. 

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except ADS and Share data)


For the quarter ended


March 31, 2017


December 31, 2017


March 31, 2018


RMB


RMB


RMB


USD

 Revenues from third parties 

5,753,080


5,171,540


3,671,345


585,299









 Revenues from related parties 

23,724


1,181,100


895,491


142,762









 Total revenues 

5,776,804


6,352,640


4,566,836


728,061









 Cost of revenues 

(5,127,779)


(5,617,326)


(3,910,775)


(623,469)









 Gross profit 

649,025


735,314


656,061


104,592









 Operating expenses: 








   Selling and marketing 

(413,812)


(446,956)


(313,897)


(50,044)

   General and administrative 

(115,950)


(113,744)


(130,831)


(20,857)

   Research and development 

(62,486)


(83,271)


(86,382)


(13,771)

 Total operating expenses 

(592,248)


(643,971)


(531,110)


(84,672)









 Income from operations 

56,777


91,343


124,951


19,920

 Interest expenses, net 

(57,121)


(55,551)


(85,411)


(13,617)

 Change in fair value of derivative liability 

376


3,333


21,104


3,364

 Subsidy income 

55,192


29,533


36,581


5,833

 Exchange loss 

(6,339)


(31,827)


(91,413)


(14,573)

 Change in fair value of forward contracts 

1,105


(2,031)


585


93

 Other income, net 

11,943


20,823


8,678


1,383

 Gain/(loss) on disposal of subsidiaries 

-


257


(9,425)


(1,503)

 Income before income taxes

61,933


55,880


5,650


900

 Income tax (expense)/benefit 

(1,528)


(31,095)


3,293


525

 Equity in income of affiliated companies 

-


(1,424)


(5,240)


(835)

 Net income 

60,405


23,361


3,703


590

 Less: Net (loss)/income attributable to non-controlling
          interests 

(169)


889


107


17

 Net income attributable to JinkoSolar
 Holding Co., Ltd.'s ordinary shareholders 

60,574


22,472


3,596


573









 Net income attributable to JinkoSolar Holding Co., Ltd.'s
 ordinary shareholders per share: 








   Basic 

0.478


0.172


0.025


0.004

   Diluted 

0.473


0.167


0.024


0.004









 Net income attributable to JinkoSolar Holding Co., Ltd.'s
   ordinary shareholders per ADS: 








   Basic 

1.912


0.688


0.100


0.016

   Diluted 

1.892


0.668


0.096


0.016









 Weighted average ordinary shares outstanding: 








   Basic 

126,820,607


130,432,074


145,540,445


145,540,445

   Diluted 

128,179,515


134,572,596


147,793,780


147,793,780









 Weighted average ADS outstanding: 








   Basic 

31,705,152


32,608,019


36,385,111


36,385,111

   Diluted 

32,044,879


33,643,149


36,948,445


36,948,445









UNAUDITED CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME









 Net income 

60,405


23,361


3,703


590

 Other comprehensive income: 








   -Foreign currency translation adjustments 

(17,563)


(16,308)


(33,351)


(5,318)

 Comprehensive income/(loss) 

42,842


7,053


(29,648)


(4,728)

 Less: Comprehensive (loss)/income attributable to non-
controlling interests 

(169)


889


107


17

 Comprehensive income/(loss) attributable to JinkoSolar
Holding Co., Ltd.'s ordinary shareholders 

43,011


6,164


(29,755)


(4,745)

























 Reconciliation of GAAP and non-GAAP Results 















 1. Non-GAAP earnings per share and non-GAAP
earnings per ADS 
















 GAAP net income attributable to ordinary shareholders
from continuing operations 

60,574


22,472


3,596


573









 4% of interest expense of convertible senior notes 

1,555


1


1


-









 Exchange loss/(gain) on convertible senior notes and
capped call options 

844


(1)


(2)


-









 Stock-based compensation expense 

17,402


19,000


7,376


1,176









 Non-GAAP net income attributable to ordinary
shareholders from continuing operations 

80,375


41,472


10,971


1,749









 Non-GAAP earnings per share attributable to ordinary
shareholders - 








   Basic 

0.634


0.318


0.075


0.012

   Diluted 

0.627


0.308


0.074


0.012









 Non-GAAP earnings per ADS attributable to ordinary
shareholders - 








   Basic 

2.536


1.272


0.300


0.048

   Diluted 

2.508


1.232


0.296


0.048









 Non-GAAP weighted average ordinary shares
outstanding  








   Basic 

126,820,607


130,432,074


145,540,445


145,540,445

   Diluted 

128,179,515


134,572,596


147,793,780


147,793,780









 Non-GAAP weighted average ADS outstanding  








   Basic 

31,705,152


32,608,019


36,385,111


36,385,111

   Diluted 

32,044,879


33,643,149


36,948,445


36,948,445

JINKOSOLAR HOLDING CO., LTD. 

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)


December 31, 2017


Mar 31, 2018


RMB


RMB


USD

ASSETS






Current assets:






  Cash and cash equivalents

1,928,303


2,577,559


410,924

  Restricted cash 

833,072


286,608


45,692

  Restricted short-term investments

3,237,773


2,845,129


453,580

  Short-term investments

2,685


27,778


4,428

  Accounts receivable, net - related parties

2,113,042


2,415,119


385,027

  Accounts receivable, net - third parties

4,497,635


4,183,543


666,955

  Notes receivable, net - third parties

571,232


240,637


38,363

  Advances to suppliers, net - third parties

397,076


496,504


79,154

  Inventories, net

4,273,730


4,705,744


750,206

  Other receivables - related parties

46,592


57,970


9,242

  Prepayments and other current assets

1,706,717


1,689,163


269,294

Total current assets

19,607,857


19,525,754


3,112,865







Non-current assets:






  Restricted cash

248,672


393,512


62,735

  Project Assets

473,731


770,922


122,903

  Long-term investments

22,322


22,406


3,572

  Property, plant and equipment, net

6,680,187


6,815,857


1,086,608

  Land use rights, net

443,269


529,303


84,383

  Intangible assets, net

25,743


25,125


4,006

  Deferred tax assets 

275,372


264,102


42,104

  Other assets - related parties

146,026


127,890


20,389

  Other assets - third parties

713,226


888,203


141,600

Total non-current assets

9,028,548


9,837,320


1,568,300







Total assets

28,636,405


29,363,074


4,681,165







LIABILITIES






Current liabilities:






  Accounts payable - related parties

5,329


41,987


6,694

  Accounts payable - third parties

4,658,202


4,182,402


666,773

  Notes payable - third parties

5,672,497


4,635,148


738,952

  Accrued payroll and welfare expenses

721,380


673,652


107,396

  Advances from related parties

37,400


37,345


5,954

  Advances from third parties

748,959


1,360,347


216,871

  Income tax payable

27,780


16,808


2,680

  Other payables and accruals

1,804,799


1,914,566


305,227

  Other payables due to related parties

12,333


13,088


2,087

  Forward contract payables

4,521


-


-

  Derivative liability

26,486


5,383


858

  Bond payable and accrued interests

10,257


15,784


2,516

  Short-term borrowings from third parties,
     including current portion of long-term bank
     borrowings

6,204,440


6,847,607


1,091,670

  Guarantee liabilities to related parties

28,034


33,422


5,328

Total current liabilities

19,962,417


19,777,539


3,153,006







Non-current liabilities:






  Long-term borrowings

379,789


707,130


112,733

  Accrued income tax - non current

6,041


6,041


963

  Long-term payables

538,410


506,359


80,726

  Bond payables

298,425


298,688


47,618

  Accrued warranty costs - non current

571,718


557,204


88,831

  Convertible senior notes

65


63


10

  Deferred tax liability

70,122


63,783


10,169

  Long-term liabilities of equtiy investment

-


5,021


800

  Guarantee liabilities to related parties 
   - non current

120,154


106,931


17,047

Total non-current liabilities

1,984,724


2,251,220


358,897







Total liabilities

21,947,141


22,028,759


3,511,903







SHAREHOLDERS' EQUITY






Ordinary shares (US$0.00002 par value,
500,000,000 shares authorized, 132,146,074
and 156,457,441 shares issued and
outstanding as of  December 31, 2017 and
March 31, 2018, respectively)

19

 


22

 


3

 

Additional paid-in capital

3,313,608


3,988,304


635,829

Statutory reserves

516,886


516,886


82,404

Accumulated other comprehensive income

23,296


(10,055)


(1,603)

Treasury stock, at cost; 1,723,200 ordinary
shares as of December 31, 2017 and March
31, 2018

(13,876)


(13,876)


(2,212)

Accumulated retained earnings

2,849,341


2,852,937


454,826







Total JinkoSolar Holding Co., Ltd.
shareholders' equity

6,689,274


7,334,218


1,169,247







Non-controlling interests

(10)


97


15







Total liabilities and shareholders' equity

28,636,405


29,363,074


4,681,165

Cision View original content:http://www.prnewswire.com/news-releases/jinkosolar-announces-first-quarter-2018-financial-results-300672171.html

SOURCE JinkoSolar Holding Co., Ltd.

Related Links

http://www.jinkosolar.com

Read more: JinkoSolar Announces First Quarter 2018...

SAN ANTONIO, June 25, 2018 /PRNewswire/ -- Today, Market Strategies International (MSI) ranked CPS Energy 1st as the Most Trusted Utility Brand in the US Southern Region for 2018 for a combined (electric & gas) utility.

"Being ranked the number one Most Trusted Utility Brand in the US Southern Region for the second year in a row is a direct reflection of our employees.  Our employees are dedicated, committed and care about our community and customers," said Chief Customer Engagement Officer, Felecia Etheridge.  "Our employees are our brand.  They live and breathe our People First philosophy and their actions every day demonstrate their commitment to provide the highest quality of service to our customers."  

According to MSI, top rated utilities that have earned the trust of their customer base are perceived to be industry leaders on innovation. Additionally, utilities are also more successful at achieving customer adoption of the enhanced offerings and options they have developed.

"Building greater trust and brand preference throughout the customer journey is now critical to reap customer support for utility innovation," said Chris Oberle, senior vice president at Market Strategies International.

CPS Energy focuses on enhanced customer experience and places significant effort on meeting customer expectations now and in the future.  Forward thinking, especially in the areas of future generation and new technology on the grid, allows the utility to have one of the most cost-efficient and reliable systems, while constantly reducing emissions and developing new solutions to help customers.

ABOUT CPS ENERGY
Established in 1860, CPS Energy is the nation's largest public power, natural gas and electric company, providing safe, reliable, and competitively-priced service to 804,000 electric and 343,000 natural gas customers in San Antonio and portions of seven adjoining counties. Our customers' combined energy bills rank among the lowest of the nation's 20 largest cities – while generating $7 billion in revenue for the City of San Antonio for more than seven decades. As a trusted and strong Community partner, we continuously focus on job creation, economic development and educational investment. True to our People First philosophy, we are powered by our skilled workforce, whose commitment to the community is demonstrated through our employees' volunteerism in giving back to our city and programs aimed at bringing value to our customers. CPS Energy is among the top public power wind energy buyers in the nation and number one in Texas for solar generation.

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/cps-energy-named-most-trusted-utility-brand-in-us-southern-region-for-2018-300671934.html

SOURCE CPS Energy

Related Links

http://www.cpsenergy.com

Read more: CPS Energy Named Most Trusted Utility Brand In...

SUNNYVALE, Calif., June 26, 2018 /PRNewswire/ -- Clean Focus Renewables, Inc. ("Clean Focus") has completed the installation of solar arrays at Dignity Health - St. Rose Dominican Hospitals on the San Martin Campus in Las Vegas, Nevada, and the Siena Campus in Henderson, Nevada. These projects will provide clean, renewable energy for the hospitals. 

Greenskies Renewable Energy LLC ("Greenskies") will maintain the solar arrays, and Clean Focus Yield Limited will operate the systems as part of its large portfolio of commercial, industrial, small utility, and community solar projects.

The San Martin Campus project comprises 5,885 Neo Solar Power 360W solar modules situated on carports covering 720 parking spaces. The Siena Campus project consists of 4,795 Neo Solar Power 360W solar modules on carports covering 430 parking spaces in the existing parking garage. The carports provide shade for 1,150 parking spaces at both hospitals, offering welcome relief from the hot Nevada sun for employees, visitors, and patients.

"Key to the mission of our founding sisters, the Adrian Dominican Sisters, is ecological sustainability and the protection of our planet for future generations," said Sister Phyllis Sikora, Vice President of Mission and Spiritual Care for Dignity Health-St. Rose Dominican Hospitals. "The solar panels are more than just covered parking for our staff and visitors, although that is so important in the Las Vegas heat, but also our demonstration that our motto "Hello Humankindness" extends beyond the walls of our hospitals and into the environment that we depend on each and every day.  If we are not dedicated to protecting our environment, we are not helping to fulfill our mission to the communities we serve."

The solar array at San Martin is expected to produce 3,580,000 kWh, and Siena is expected to produce 2,795,000 kWh of clean energy annually. The aggregate amount from the Dignity Health projects offsets the environmental impact of 533,857 gallons of gasoline or nearly 1,016 cars each year.

"Clean Focus is pleased to work with Dignity Health in Las Vegas and Henderson, Nevada to achieve its sustainability goals," stated Stanley Chin, President and CEO of Greenskies and Clean Focus Group.  "The Dignity Health projects provide multiple benefits to the hospital stakeholders, and they fit squarely into our large portfolio of commercial, municipal, and hospital solar projects.  We look forward to a long relationship with Dignity Health over the lifetime of the projects."

Dignity Health will purchase the power produced at the San Martin campus and the Siena campus through Power Purchase Agreements.

Greenskies Renewable Energy LLC, a Clean Focus company develops, constructs, and maintains clean, renewable-energy projects in the United States.  Greenskies ensures that its customized solar solutions operate at peak performance and deliver maximum savings to its clients.

www.greenskies.com

The Clean Focus group of companies originates, develops, finances, constructs, owns, and operates renewable-energy projects in the United States, Taiwan, and China.  Clean Focus Yield owns and operates clean, renewable-energy projects in commercial, industrial, small-utility, and community solar.  Our projects pass strict technical and credit criteria to ensure steady cash flows and attractive dividends for our investors.

www.cleanfocus.com

Cision View original content with multimedia:http://www.prnewswire.com/news-releases/clean-focus-energizes-3-84-mw-solar-arrays-at-two-dignity-health-hospitals-300672353.html

SOURCE Greenskies Renewable Energy LLC

Related Links

http://www.greenskies.com

Read more: Clean Focus Energizes 3.84 MW Solar Arrays At...

(Logo: https://kyodonewsprwire.jp/prwfile/release/M104663/201806195124/_prw_PI1im_3Zm13q2U.jpg)

El pedido de batería NAS de 1,2 MW / 7,2 MWh se hizo en agosto del año pasado, la instalación tuvo lugar el pasado marzo y la batería estará en pleno servicio este verano. Esta fue la primera instalación de un sistema de almacenamiento de energía a gran escala en Dubái.

Dubái ha acelerado su inversión en energía renovable para eliminar su dependencia de los combustibles fósiles. Dubái está construyendo el parque solar más grande del mundo, el Mohammed bin Rashid Al Maktoum, en el sur del emirato. El emirato prevé la introducción de 5000 MW de energía fotovoltaica (PV) y solar concentrada (CSP) antes de 2030, lo cual incrementará la proporción de energía renovable a un 25% de la capacidad total de generación.

Con vistas a la futura introducción de energía renovable a gran escala, el sistema de batería NAS se instaló junto con una planta fotovoltaica de 13 MW en el parque solar. La batería NAS se utilizará para estabilizar las fluctuaciones de la energía solar producida, además de otras aplicaciones en la red eléctrica que incluyen el cambio de horario de consumo y el control de la frecuencia de energía. Por su gran capacidad, la batería NAS es ideal para este conjunto de aplicaciones.

El sistema de batería NAS de NGK es el único cuyo funcionamiento ha sido demostrado con éxito en Oriente Medio. La batería NAS es una batería de alta temperatura, por lo que es excepcionalmente ideal para el funcionamiento en lugares de temperatura ambiente extrema, como la calurosa región de Oriente Medio. El rápido incremento de la energía solar en países de Oriente Medio aumenta la necesidad de proyectos de almacenamiento de energía a gran escala.

Descripción general de la batería NAS incluida en el pedido

Salida de potencia: 1,2 MW
Capacidad de almacenamiento: 7,2 MWh
Lugar de instalación: parque solar Mohammed bin Rashid Al Maktoum (emirato de Dubái)
Puesta en funcionamiento: planificado para el verano de 2018

Acerca de los sistemas de batería NAS (R)

NGK fue la primera empresa del mundo que comenzó a comercializar el sistema de batería NAS, el cual tiene la capacidad de almacenar electricidad para varias horas de consumo. El sistema de batería NAS ofrece una variedad de prestaciones superiores, entre ellas una alta capacidad, una alta densidad de energía y una larga vida útil. La batería es capaz de mantener una alta salida de potencia eléctrica durante largos periodos de tiempo, lo cual permite cambiar el horario de consumo de energía solar del día a la noche. Desde 2002 NGK ha entregado sistemas de batería NAS a unos 200 destinos en todo el mundo, con una salida total de más de 530.000 kW y una capacidad de almacenamiento de 3,7 millones de kWh. Los sistemas se usan para estabilizar y suavizar la salida de potencia de las fuentes de energía renovable, para eliminar la congestión en las líneas de transmisión mediante la programación de la transferencia de energía, para la nivelación de la carga, para la respuesta de frecuencia y para la energía de reserva en casos de emergencia.

Para obtener más información sobre el sistema de batería NAS, visite: https://www.ngk.co.jp/nas/

Acerca de NGK

Con 100 años de historia, NGK es el fabricante de aisladores eléctricos más grande del mundo, y entre sus productos se incluyen los aisladores de transmisión y subestación de ultraalta tensión (UHV) de 1000 kv. Basada en una tecnología de cerámica exclusiva, NGK contribuye a la conservación del medio ambiente suministrando una amplia gama de productos y tecnologías en los campos de crecimiento "Triple E", es decir, energía, ecología y electrónica. NGK es también uno de los mayores fabricantes mundiales de HONEYCERAM y de filtros de partículas diésel (DPF) para convertidores catalíticos de automóviles. Además, NGK es el primer fabricante del mundo en comercializar con éxito los sistemas de almacenamiento de energía de alta capacidad (baterías NAS), los cuales han desmentido la creencia generalizada de que la energía no se puede almacenar.

Para obtener más información sobre NGK, visite: https://www.ngk-insulators.com/en/index.html

SOURCE NGK INSULATORS, LTD.

Related Links

https://www.ngk-insulators.com/en/index.html

Read more: NGK recibe el pedido de batería NAS para un...

BEIJING, 25. Juni 2018 /PRNewswire/ -- JA Solar Holdings Co., Ltd. (Nasdaq: JASO), ein weltweit führender Hersteller von hochleistungsfähigen Solarenergie-Produkten, gab heute bekannt, dass das Unternehmen mit dem Siegel „Top Brand PV Seal 2018" von EuPD Research in Australien ausgezeichnet wurde.

EuPD Research genießt in der Photovoltaik-Branche ein hohes Renommée. Auf der Grundlage umfangreicher Umfragen unter den Unternehmen für Photovoltaik-Installationen und Endnutzern in Australien vergibt EuPD Research das Siegel an herausragende Unternehmen, die in allen Aspekten exzellente Leistungen erbringen. Die Umfrageergebnisse stellen einen wichtigen Referenzwert für Kunden dar, die hochwertige Photovoltaik-Produkte auswählen wollen. Seitdem JA Solar im Jahr 2013 in den australischen Markt eingestiegen ist, hat das Unternehmen zahlreiche Auszeichnungen und eine sehr positive Resonanz für seine Hochleistungsprodukte und den hervorragenden Kundendienst erhalten. Die Lieferungen von JA Solar standen stets an einer führenden Position. Im Jahr 2017 konnte JA Solar einen Marktanteil von 15,3 % am australischen PV-Markt verzeichnen.

JA Solar ist PERC-Patentinhaber und insofern kommen die hochleistungsfähigen PERC-Produkte des Unternehmens auf dem australischen gut an, insbesondere die bifazialen Doppelglasmodule und die PERC-Halbzellenmodule. Im Laufe der Jahre hat JA Solar langfristige Kooperationen mit vielen bekannten Unternehmen in Australien etabliert und pflegt diese partnerschaftliche Zusammenarbeit konsequent.

Herr Cao Bo, Vice President von JA Solar, kommentierte: „JA Solar eröffnete 2013 eine Niederlassung in Australien. Wir haben ebenfalls lokale Vertriebs- und Kundendienstplattformen aufgebaut, um unseren Kunden zeitnahe und hochwertige Dienste direkt vor Ort zu bieten. Bei seiner weiteren Expansion im australischen Markt wird JA Solar konsequent die Technologien verbessern und die Servicelösungen ausdehnen, damit wir unseren Kunden höchst zuverlässige Solarmodule und einen erstklassigen Service bereitstellen können."

Medienanfragen:

Xiaorui Sun
+86-10-6361-1888 x1698
This email address is being protected from spambots. You need JavaScript enabled to view it.

SOURCE JA Solar Holdings Co., Ltd.

Read more: JA Solar erhält das Top Brand PV-Siegel von EuPD...

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